Can't answer that for you although it is usually wise to listen to those old sayings....they are old for a reason.
I know what you mean about being below; the price of STEEM is below where I bought most of mine (1.20-1.40 with one batch at 2.00). I was happen to get some below 1.00 with another bit of fiat ready to go.
That said, I am uber bullish on STEEM.
PS If we get to .60, I will find a way to get more at that price lol.