When is the best time to buy a stock? According to one of the most popular investing phrases, it is best to buy low. But "low" can mean very different things. Even a stock trading at its all-time high can be considered at a "low point," provided it will only go up from there.

On the other hand, stocks that have been battered and bruised in a downturn could still not be worth buying since their prospects may be too poor for them ever meaningfully to recover. But what if a company is down substantially and has the tools to bounce back? Buying its shares while they are down would qualify as "buying low."

With that in mind, let's look at two growth stocks that fit the bill: Tandem Diabetes Care (NASDAQ: TNDM) and Fiverr (NYSE: FVRR).

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Source Fool.com