What's going on is the market was down for the day and most speccies got punished. People would rather put their money into cash or into more stable stocks.
Your guess is as good as mine when the best time to enter is, or if it will go any lower. Maybe just make an assessment of your risk levels and decide if this stock is for you. Maybe also decide if you would be happy for short term fluctuations and potential for loss, with possible long term gain.
If the answer is no - then don't buy in.
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