If you want to go for a target in the distance, it will appear to be a mirage and play tricks on your mind. I would suppose about five to ten times there will be media blasting it is no good and will file Chapter 11...hedge funds will bash it and try to smash it...that is when I will be buying...some call the dips...so, I buy the dips.
I bought the recent dip, though I caught the bottom. Even some here on this reputable Ihub, some posted GRPN would file Chapter 11 BK when it was at the all times lows of around $2.62...so what did I do when I saw all the media posting such a dire future to GRPN? I bought, and big.
So that, in a nut shell, is how I do it. Not fun when stocks go down, but if you want to win big, have to take the pullbacks, and if they are real painful and you want to sell...well, I say buy baby buy!