AWX I bought back a few on the recent dip. And as you said, the good news is that...
..this thing spikes for no reason at anytime... good earnings or bad earnings. I mean last quarter was basically the same as this quarter...big profit only b/c of a gain on extinguishment of debt (PPP). But how many times did it spike up intraquarter? A bunch.
...and then the next two qtrs are seasonally strong, where they actually have had very strong earnings.. so you have to buy before those qtrs before the inevitable spikes anyways (so long as the market doesnt take an extended hit)...
and loads of value on the books, and lowish floatish.
I think the low-priced issues in general have cooled. I just did a screen for listed stocks under $2 and it spit out 303 of them. There were 14 unchanged, 39 up, and 250 down today. Those are sobering numbers considering the major averages were all up today.
I welcome the change since the microcaps have seemed really over-priced for a while now.
I notice when companies report a bad quarter recently there is a price to pay, whereas for a while they were getting a slap on the wrist.