It's very simple: either we are on a one way ride to hell or on a roller coaster. I think the latter although I don't think the up-down-up-down... action continues to have lows anything like this after we go up. If the ride down is one way down, nothing matters at all except for how much you salvage by selling asap. With me so far?
Now, if we're not on a one way ride down, then I can't tell you where the bottom is but I can tell you we will go back up and I do predict the rise will be sudden and violent when it comes. I have never, ever claimed 'this is the bottom', all I have been saying that we are low enough that you can make a lot of $ buying here. I never claimed to be buying at the bottom, I just said that I had the confidence to buy more. There is a subtle difference that I guess you have missed.
If news makes the stock shoot back up back a buck or two or more, then picking the exact bottom to buy is far, far less important than getting your money in at a good price before the news hits. This concept might be a tiny bit hard to grasp but it's very basic to the buying strategy in a case like this. That and holding on which is the most important point. If we're in a 'never recover' slump then it's important to sell asap, but again if we on a roller coaster then the opposite it true: the lower we go the more you will be afraid but the more important it is to at least hold on if not increase your commitment while lowering your average cost.
This whole game starting with buying any very speculative tiny biotech development company which has no product except for what is in clinical trials is very, very risky and not recommended at all for the inexperienced investor (although this situation is so extreme that I have recommend a couple of less experienced investors to get in since we were at .60, though I told them they risk losing everything and not to buy unless they can hold on through the stock going much lower before it recovers). Inexperienced investors have no business reading this MB, this opportunity is not for them - as with any investment they would buy at their own risk. The risks are extreme and obvious, as anyone with eyes in their head can see by looking at the chart, even more so to anybody who has the common sense to read a balance sheet before investing (and that means anybody who has the slightest clue what they are doing in investing in individual stocks)!
The point in my strategy is that if the stock recovers I will have been very right at any point below the next top, but especially imo at any point below $1 because I think we will go much higher and in fact never see anything near $1 again. I can't tell you ahead of time where the bottom is, but then I have never claimed we were at the bottom so sue me if you don't like my announcing my purchases.
