NNVC, an old favorite of this blog, traded as low as $0.60 at the end of December. We bought this stock at 10 cents, rode it up to $3.75 last March, and have watched it slowly consolidate, retrace, crash, burn, and endure the ultimate indignity, tax loss selling, all while sitting patiently on our remaining shares (yes, I sold some above $3, damn, windfalls happen).
That said, I've been buying again, from $0.80 about a week ago. Why? Price and Volume. A month of firming prices on increasing volume after such a horrendous six month decline suggests at least a counter-trend rally, and at most, a revisit to old highs. Although not the same no-brainer as buying at 10 cents, I like the risk:reward here, looking for a move above $1.00 (10% higher) in the days ahead.