RE:TRYING TO CATCH A FALLING KNIFEno a smart investor who has a 2-3 year time horizon will not wait for oil to stabilize, he will begin building a position like I have because I know baytex at 30 is a good price, could it get cheaper well yes, then I will add, I will chip away here as that is what smart investors do.... to those waiting for an uptrend befoe buying, be my guest... but the price will be a good $5-7 higher than the bottom before you know it has bottomed and it will move very fast so if even if you think baytex could goto 23-25 ( I say unlikely), then you will likely end up buying around 29-30 anyway after knowing it is in an uptrend so why not just start taking a 20% position now , plus there is the chance baytex does bottom out here around 29, then you will have bought some here rather than getting 35 after waiting for confirmation that it is in an uptrend.