I can see the sense behind this approach! I wonder how simple it...

I can see the sense behind this approach! I wonder how simple it will be to achieve in practice though. Assuming we receive very good news (banking syndicate on board etc) or a number of the other risk events lift, its unlikely to be a smooth and steady upwards trajectory in sp. So many folks are holding losses they want to recoup, and lots of DTs bought in low in the hope of a quick buck. I expect any road to recovery will be choppy to say the least with many detours, reversals and round-a-bouts alng the way. This being the case there's every chance you may buy on good news at a significant premium only to be marooned whent the sp ebbs back, or you may bide your time waiting for just the right moment only to see the sp fly past you at great speed leaving you in the dust