Exactly, you never know where the bottom is, so imo it's better not to try catching the falling knife. It's better to wait for it to start rising again, because although you won't pay the lowest price, you'll almost certainly pay less than if you try buying on the way down, plus you get to use your cash for other things until that happens (that could be months or even years away!)
On the other hand if you've got oodles of cash and lots of patience, it looks like pretty good value under $1.60. But how many of us have both of these?!?!
PTD
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