I know all of the old adages about not trying to catch a falling knife, but - sure is hard at times to resist "guessing the bottom" and buying in. Look at GZFX today - a few hard bounces off of the mid-.05's... so is it safe to put a limit order in at .05 and "guess" there is decent support there? Who knows.
A lot of companies I like are currently in a downtrend:
* CLSI I bought in at .019, guessing it won't go much lower than that. we shall see.
* CNR I'd like to buy but - hard to say when will stop falling, no signs yet. Am targeting .40 or so. Bounced about 5 times off of .60, but resistance there finally faded and it didn't take long to dump down to .48 from there.
* HOM I am really tempted by when it dips to 1.10 level as it has lately, seems way oversold to me. just shows no signs up a real uptick though
* NMKT I couldn't resist when it dropped to .32 so i bought some. then of course it immediately tanked to .27, but back up today.
* FRCP - bingo got me interested in, but can't see much reason to buy yet because seems still in a downtrend
* WHT - like this company, but - who knows, has been on a steady decline from $3 to $2.45 range. I think on this one I will wait until it shows a sustainable uptick and buy then, even if it costs me missing the bottom
I suppose all of this is obvious - but, sure is a tricky game trying to decide when to jump in. Especially now with the markets showing no signs of life, makes me nervous jumping into much of anything, frankly