No Zak, it does not take guts to buy right now. All it takes is some reserved cash so you could buy. More kudos to those that have a few profits and are able to reinvest that in other floundering shares.
Also a good point to be made is to take personal possession of a major portion of your shares. I say most because a portion may need to be left behind for quick trading, i.e. sell on an up tick and buy on weakness.

Ororico the trick is not to use all of your spare cash on any one sign of weakness. How about a third? And another third once it drops a fair amount, say 10+% from your last buy.Then when it rises that 10 or more percent sell a third and another third on another +10%.
As for the paper, you may besuffering now because you are draing your kitty, but imagine how those paper suppliers will be when they have to cover that paper later.
It is for that reason that you buy today.
Cheers, Ed.