It Depends On How You Look At It
Although what you stated is good advice, I see it being more related to Day Traders (Flippers) who would be more likely to buy on the BID! That certainly hasn't been my approach as an Investor, in fact it's been the exact opposite!
But here's the key thing in all of this that everyone here obviously is well aware of, and that's the MMs ongoing manipulation of the OTC that has caused nearly ALL OTC stocks to experience a 70% haircut from the beginning of Feb 2021 to now, via their massive Naked Short Selling. Can't help to notice how this major contrasting point was never made.
So anyone can buy on the Ask all they want and it's not going to prevent the pps from dropping based on the undercurrents of the Naked Short Selling which is very much still going on.
Has it so far?? I think NOT, for reason I've been buying on the Ask from the beginning and have repeatedly mention in several posts to totally forget about buying on the Bid altogether, for reason at least from my perspective and investment goals, is to acquire as many shares of this company as fast as possible and buying on the ASK is how I've done that to a very large extent, but yet sometimes the order still doesn't get filled. This too I have mentioned my experience of this a dozen times from the beginning!
My strategy is to stay out in front of the MMs who seem intent on continuing to push down the pps which they have been doing now for a very long time, so my remedy to that is to buy whenever they do this, period, like today!
So no, I don't find any "euphoria" buying on the Bid "looking for cheaper shares", as most of my position has been bought on the Ask which so far has not yet prevented the pps from falling, but I will admit to a type of "euphoria" at beating the MMs at their own game through their activity that has resulted in cheaper shares that's far beyond everyone's control!
Personally, buying on the Bid is a complete waste of time and energy as the order is likely not going to get filled anyway which again has been my experience from the beginning, but hey, to each their own.
Lastly, I think that "getting shares on the cheap" is mainly a function of buying heavily when the MMs are pushing the pps down and seizing the opportunity when that happens and grabbing those shares is likely not going to happen in the Bid.
Be well and prosper...
