new_guy: I hope we never see $1.69 again. Now here is my take on buying now. If you have for example $5000. and buy now, say at $1.90, that would amount to aprox. 2600 shares. If you wait until the SP goes to say $10 to sell, your profit would be $8.10 per share or $21,060. Not a bad return.
Now assume the SP gets back to $1.69 again. You have $5000 and would get 2900 shares. If you sell at $10, you would have a profit of $8.31 per share or $24,099, a difference of $3,039 from the first example. It looks good on paper, but I would be happy to get a return of $21,060 rather than gamble that the SP retreats to $1.69 and risk losing more money.
Good luck on your decision.
Jim