In addition, the wide bid ask issue cuts both ways. On both DYP and NEWN, when investors were clamoring to get back into the stock following the mini meltdown, the ask price jumped up quickly with every subsequent buy. The result is that there can be large price jumps even on only moderate volume. In short, the market has been looking ugly and volatile lately. A lot of stocks deserve to come down significantly and may still have further to fall. But for value stocks where I truly like the growth story and fundamentals I don't get overly worried about dips in their prices even when the price drops look severe like they did last week. In fact, it seems that these are the best times to try to pick up shares on the cheap and wait until the market gets a bit more rational. Buying stocks with double-digit earnings growth and single digit PE ratios is a combination that has so far not failed me. Disclosure: The author holds long positions in NEWN.OB, DYP and BSPM. The author can be reached at firstname.lastname@example.org.