re: cheap buying now excellent growth stock

In post 2432039 'Harcourt' did this say:

...
It seems to have crossed the bottom part of its trading channel since late November and is making lower highs and lower lows at the moment.
I had $1.86 as a nice entry level a few weeks ago but held off. I'm now seeing $1.77.
...
Would anyone like to suggest an entry level?


I confess I remain wrong-footed by the degree of sell-off. Monday 7th was a bad day for the ASX all round, but UXC 'only' shed 0.015 to close at $1.800. so the optimist may suggest the bottom is in (baring a rout on the exchange).

I've stopped my own accumulation: I'm fully comitted. I do intend to hold 90% of my stash for the long haul. My advice is to hold off and see if you get an entry at $1.70 - $1.75, because I won't believe the bottom till I see it. If it does quickly recover up to $1.90 (which call I stand by, though with less confidence than a week ago), then provided you have faith in the overall health of the market, UXC 'should' remain value under $2.00.

Buy at the current close if you're game; I suggest patience
for a few days yet.