Jesse Livermore said don't try to bottom fish. He said buy when the up move begins, you may pay more but you'll get in for the ride.
And exactly who the heck is Jesse Livermore? Do your own work and don't base decisions on what others tell you. You will lose every time.
I will agree that ACI will be a buy when it does finally break out, however, I don't think it's in the cards short term.
Are you serious? Jesse Livermore is a famous investor who made and lost several fortunes in the market. He wrote some well-known books about investing. He committed suicide in 1940. When Jesse tells you what NOT to do, he's the guy to listen to.
Why wouldn't it be in the cards short term? Starting of the month it was around 6.25, now to almost $9. That's already almost 50% move up...when should you get in? At $15? $30 perhaps?