Its not too hard to pick a knife up off of a floor
Real quick post (as per usual). What is peoples obsession with trying to catch (or rather, it often seems like people are trying to CAUSE) a bottom? When does a stock ever drop like crazy for a couple of weeks, and then all of a sudden rebound on one day and leave behind anybody that didnt call a bottom?
I am an amateur with TA (and I dont even know that much about fundies). I mostly use common sense and random bits of information on how the game works (money manager rules, seasonal patterns, etc) but how hard is it to look at a chart that goes straight down for 5 weeks, loses 40% of its value, then for 2 weeks its flat, and then starts to climb on higher volume. THATS when you buy it. I really cant see any reason to buy before that.