Took a stake in PCX the other day. Added to it at an attractive price and the market told me I was correct both times. I will wait patiently until the market tells me I am wrong, when the market tells me I am wrong I will exit the trade. In my opinion this is absolutely the only way to trade.
Have a look at what I saw:
On Thursday I purchased after at 14.51 towards the end of the day on a monster rally that showed me money instantly. Bought more on Friday at 14.76, the market again showed me I am correct. (note opening range strategy works in any time period)