What is your thoughts of buying oversold coins?

[kukelka]

Hey guys,

Recently i saw some groups and sites where you can find coins which are oversold and as I understand these coins have big drop in price, so what is your thoughts of buying these coins hoping that the price should increase. Anyone doing it?
Because from first view it should be good strategy, if the coin is strong, have good volume but coin is oversold and price really should be higher.