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Strategies & Market Trends : Turnarund Investing
NOVS 0.0666-16.0%Aug 1 5:00 PM EST
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To: bankbuyer who wrote (856)4/30/2012 5:26:04 PM
From: Covenant1 Recommendation   of 1876
 
"I’m a bottom feeder, but I have discovered that sometimes there’s a lot more bottom to go.”

Assuming the company had good fundamentals and was a reasonable investment on that basis, this is where technical analysis comes in. The rule is you wait for the bottom to become established and then confirmed before stepping in. It also reduces the "opportunities" to average down.

Good fundamentals does not mean "it used to sell for 5X the current price so now it must be a bargain".
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