The biggest profits are made when you "buy when there is fear, sell when there is greed." Buying when the uptrend resumes certainly goes against this common philosophy espoused by the most successful investors.
In my view, if you have researched the company and are confident in the prospects, you should be comfortable buying in even the most fearful of times. If you have not researched the company and are not confident, you really shouldn't be buying even if you think it has begun an uptrend. Following the trend will never result in outsized gains, and you will typically end up being the last to buy and the last to sell. Especially with a stock like this, you will rarely find a long and sustained uptrend. These stocks are rollercoasters with massive and rapid share price appreciations and depreciations. When the bulk of the gains typically occur in a single session with stocks like IMU, can you really say that a trend strategy is the best approach here? Up to you though, I can't tell you what to do, this is just the way that I approach investing
IMU Price at posting:
12.0¢ Sentiment: None Disclosure: Held
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