After I sold my POWN shares I reinvested what I wanted to in another company...and a day later it tanked...bought more...at the lower floor...tanked again and bought more. So in a way it was similar to your strategy, but in my case I spent way much more than I wanted to. And in this case, it wasn't a major news announcement other than competitors lowering their prices to better compete with this companies' still lower prices.
Hopefully it will rebound so I can sell before ComicCon for a profit. I'm still hopeful that it will. But I did keep some reserves for POWN just in case....which was a good idea in hindsight. But that idea of yours is a more conservative approach that sounds like a good way to go for someone like me.
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