Never try to catch a falling knife is my opinion. I will wait until it rises above the 50-day moving average. i have been hurt by to many attempts to buy cheap falling stocks. Sure the payout is great, but one can lose an entire year of payouts in a couple days.
This morning on TV he was really excited by McDonalds and says it is one of his top picks. Wow, what a turn around. He thinks McDonalds is a great turn around story. They have hired some new people to make decisions.