(08-21-2015, 03:18 PM)Rasec Wrote:(08-21-2015, 03:03 PM)hendi_alex Wrote: There is certainly no reason to be overly anxious to buy. IMO better to pick conservative entry points and wait patiently. Also keep some cash available for deploying at even lower prices. Don't forget how irrational the market can get!
It's exactly my POV, why should I buy at 100 if I can buy at 90. I have the luxury of time and the money is not burning in my pocket.
Well, hang on. In the last month, AAPL fell from $132 to $115. If we had had this exact exchange when it was at $115 (a week or two ago), $106 might have seemed like an incredibly conservative entry point to wait for. Well, now it is below $106. When all you see is red, it is fine and well to hope for an even better entry point. But you can't expect it. We have no idea what Monday will bring. You may get your $90 soon (though I'd be surprised), or the bull might resume and you'll never even see the $100 opportunity.