When you buy a depressed company it's not going to go up right after you buy it, believe me.
Devise a simple strategy so you can sleep at night.
You know, people tend to like to buy companies that are doing well.
Before selling, try to re-evaluate the company again and see where the stock sells in realtion to its book value.
I like the idea of company-paid dividends.
If you are honest, hardworking, reasonably intelligent and have good common sense, you can do well in the investment field as long as you are not too greedy and don't get too emotional when things go against you.