That's a good strategy. Playing the dips is a good way to get your capital up, especially when you start out like me. I started playing with only $4000 last year and have "nickel and dimed" several stocks (making $100 here, $300 there, maybe $1,500 there), slow and steady, until doubling and tripling the original amount I started with. I'm not some financial guru or stock pro, just a regular guy. But I do know that you can make money in the long haul buying on the dips and taking profit when you can. For those that hate flippers consider this: the first stock I bought was FNM (at $1)half a year ago, I flipped it numerous times and made several thousands. Where is FNM at today, about $1. So, if I were "going long" I would essentially have made nothing and my money would have sat there "idle" for half a year. At that rate, I might as well have put it in a savings account. Yet, I made thousands, and took those thousand and invested it, and made more money...etc. In fact, with the money I made I bought other stocks and nickel and dimed them, slow and steady accumulating. It is a smart strategy. Only, I hesitate to do that with KATX because I know big news is imminent (JV, lab results, etc). I'd sure hate to take profit and then come back a few minutes later to see this thing is at $0.20. I actually do want to hold this baby LONG.