Mate there are so many good stocks that are cheap, why the interest in catching knives? I've never really understood the mentality behind jumping into a stock which has so much fear built into it in order to make a 20% trade? You would have to pick the bottom which is more luck than skill most of the time.
Not a dig at your trading strategy as there are many ways to make money in the market but I've never really understood this particular one.
