RE:Technicals are saying - BUY ME, BUY ME NOWI agree it's cheap. Cheap can always get cheaper, of course. Technically, it looks rather neutral although still rated bearish (https://www.stockta.com/cgi-bin/analysis.pl?symb=TCW.C&cobrand=&mode=stock). The RSI is close to oversold but has been there before, most recently when it dropped to $2.17 on Sept 24.
As a long-term investment, buying here will pay off, although it may test the low $2's. The balance sheet says the company is not under any financial strain.