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Fiftyeight: Your strategy to buy a bargain from a "garage sale" requires you to know the companies better than the corporate analysts. These analysts are in regular contact with the CEO's and their CFOs. They have frequent trips to the site and understand the local dynamics (geology, government regulations/laws, politics, etc). A bold task and I wish you all the best. I would recommend you review the value investing threads here at ASF but most value investors look for good businesses not busted ones.

If you want to test your own ideas then learning software like Amibroker is a must. This is also a reasonable educational task that will take time and effort. The reward is finding an edge that you can profit from and you will have the skills to find another edge when your first edge fades.

If you want to be profitable then you will need to know your win rate and the average size of your winners and losers. You will need a strategy before you can research its edge.

Beaten up stocks need time to recover (if they do recover). You will need a money management strategy that will reduce the impact of those stocks that never recover and benefit from those that do (diversification).

The vague idea of buying a bargain requires a lot of work. It's too much work for me and that's why I look for an established price trend and join in for the remainder of the move.