We all like to pick the exact bottom but it's rarely a bad idea to wait for some sign of stability. Especially if you already have a position and not willing to buy it 10 more times. The PE is already sub 8 even if an earnings miss happens. I like our chances vs most of the market.
That said I usually buy then add on a couple dips and let it ride. I think it qualifies as "watering the weeds" if we refuse to admit we missed the timing at the very least.
Look at XOM-FDX-BABA and countless others the forum holds. All good companies and absolutely no urgent need to add to positions once the charts were broken.
That said I usually buy then add on a couple dips and let it ride. I think it qualifies as "watering the weeds" if we refuse to admit we missed the timing at the very least.
Look at XOM-FDX-BABA and countless others the forum holds. All good companies and absolutely no urgent need to add to positions once the charts were broken.