Appreciate your contrarian views but technically your timing could not have been any worse. This does not necessarily mean that you're wrong, but the odds are very much against you when you are selling exactly at a previous low (Aug-2010) which for any technical trader would be an important support level.

So why say that buying now means buying on emotion? I really think current sellers are part of the laggards. Every stock's trend has a cycle. Just like for instance iPads, you have innovators (the first ones buying), early adopters (the ones coming after the first group), the majority and then the laggards (the last ones buying).

With stocks they normally talk of X, Y and Z-groups. The Z-groups are the ones who always lose, because they are the last ones buying and the last ones selling. The X-group started selling in April this year at around 0.80-0.90. Why sell now at 0.38?