Could be. Are you looking short term, or long term? I don't try to time bottoms. If it meets my criteria, I'll add it to my portfolio and wait for it to rise. There are occasional times I'll put in a limit order where I think a stock still has room to drop, but for the most part I worry about where it'll be a year from now, not a month from now.
___________________________________________________
Be who you are and say what you feel, because those who mind don't matter
and those who matter don't mind. -- Dr. Seuss
___________________________________________________
Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing. G.K. Chesterton