The problem with your waiting strategy (NUIN) is when the stock moves up 20% on no news. Like it did in May, when it jumped from 0.70 to 0.85. If you bought it at 0.85 because technically it was looking much better, you would have made the wrong decision. So when is the right time to buy?
That mini rally, btw, was solely because I, a few friends, and a few on here, were buying.
If they come out with big news then you can't be sure whether you can buy it for a good price. It's even a lot harder for HERB which doesn't have any market maker activity. So you will be chasing the stock, willing to pay a 5% premium, and you still won't be able to get it. It rallies that fast, when it does. We'll have to see with NUIN.
The thing with NUIN is, one or two (forced) sellers have been active for more than a year. That's why 0.85 didn't hold. That's why 0.70 didn't hold. Even then, the sellers didn't want to go lower than 0.70 initially, and then 0.65. That's actually bullish, if forced sellers think the price is ridiculous. And it is, of course.
Short term, we will see. We could still get a wash-out and a 0.15 drop from here. But it would be short-lived, and none of you will be a buyer because you will be very afraid when it happens. So that strategy won't work either.
However, the selling pressure has subsided a bit lately IMO.
