PAR Timeline, page-5

You are dead right IMO. It is the common way of investing, especially for funds.
PAR is a high growth story, not an income stock, so one must have a long terms view and sufficient risk tolerance to invest. I don't feel any fear or panic around investing in PAR like a few others do. Perhaps I am desensitised from the GFC days. The strong balance sheet, strong management, and potential of PAR gives me certainty in buying at these levels. We could drift lower in price, no doubt about it as continued fear and liquidation may continue over the coming months. There will be rallies and sell offs along the way too, this give us a great opportunity to increase position size whilst using the volatility to our advantage. I have been buying and selling whilst increasing my overall position and will continue do so in the current environment.
PAR will be the next Aussie biotech success story.