I am a medium/long term investor, and most of my buying mistakes have been made when I bought after a big fall because I thought the stock looked cheap on fundamentals.
HVN was a good case in point when I dipped in at about 5.00 after the fall from over 7.00.
I think you can usually tell when a share has bottomed and is ready to rise by looking at the chart.
I pay particular attention to Robbbb and other chartmeisters over on the ASX General Forum.
Everyone has their own 'red button', and if yours works for you I would be the last person to decry it.
My own is a techno-fundamentalist approach. I try and find a stock like this where I like the fundamentals, and then use the chart for a bit of timing.
Many years ago I was in a broker's library talking about a certain stock I liked, and another client said 'I would never buy a stock without looking at the chart first'.
The chart says that this one isn't going anywhere much at the moment.
FKP Price at posting:
66.0¢ Sentiment: None Disclosure: Held
