though, I should not encourage people's personal decision, but I didn't see anything wrong here;
last few months, I only chase and buy the stocks after it up on day 1 > 20% , and so far never miss and with very good pay back; my logic is simple, City can go down from 50 $ to 97cents, that is 50 times, why my stock just can't go from 1$ to 4$? that just 4 times; still 12.5 times safer than City's down time (last 2 years almost)
anyway, (YMYD) , please control your risk yourself;
in US market buying right side up trend stocks is way safer than try to detect the bottom and pick up the stocks at the left side down trend;