Well, since you ask, I figure it all out over years, based on a lifetime's experience of how the world works. Then I wait. I wait until the price is at what seems to me like a fearful low [which always seems to happen]. For example, I waited from 1991 to 1994 before finally buying my first lot of Q! stock. Then waited until a 25% drop from $40 to $32 overnight to buy the next lot.
Similarly, I waited after the G! IPO until the price seemed as low as it could go [$3 split-adjusted]. Then, this year, waited for all the excitement to fizzle out before buying at $15 only to find there was a LOT more fizzling out to go. Currently half that.
So, yes, price is the trigger for me, despite claiming to be a fundamental fundamentalist who scoffs at TA - I guess that makes me a hypocrite as well as a fundamentalist technical analyst.
It's interesting to think about exactly why one does pick up the phone and place the order.
Finding the company is a long process to do with values, interests, understanding, and the things which made me lock onto Q! go back to my infancy mid 20th century and engineering school in the 1970s and business experiences and world travel and thinking about demographics and thousands of little ideas which made Q! compelling.
FWIW,
Mqurice |
