Buying when there is blood in the streets

[hendi_alex]

If new lows arise, from an indiscriminate general sell off, I'll move back into the accumulation phase, buying at -5% to -10% intervals on the way down. Probably won't buy many shares at the exact bottom, but will have a very nice cost averaged entry price for each holding. Some positions might not even make it, if crude stays under $60 for a string of many quarters, but the survivors will eventually make up for any failures. This is looking like a traditional Christmas rally, so am looking for buying to continue at least into the first of the year. I wouldn't be surprised to see renewed weakness in the energy patch as we move toward April/May however.