I see share prices in terms of 'value of the entire equity portion of the company'. I started buying when the company was worth 120. I continued buying in the same doses while the price was flat and when it started rising.
Unfortunately, the price is now near 156 (30% up) and I am done with only a quarter of my purchases.
Fortunately, the company is still significantly undervalued.
Unfortunately, I started buying at a much lower price - I ache for those prices again!!
Oddly, I expect another global equity downturn soon - nothing has changed wrt Europe, US's systemic crisis and China's hidden dirtballs.
Therefore, do I wait for that downturn? Or do I keep buying like a moron?
Plan: I buy until 25-30% of my capacity and then reduce the frequency of my purchases until 50%. At 50% I reassess the notion of sitting on my rear.
Unfortunately, the price is now near 156 (30% up) and I am done with only a quarter of my purchases.
Fortunately, the company is still significantly undervalued.
Unfortunately, I started buying at a much lower price - I ache for those prices again!!
Oddly, I expect another global equity downturn soon - nothing has changed wrt Europe, US's systemic crisis and China's hidden dirtballs.
Therefore, do I wait for that downturn? Or do I keep buying like a moron?
Plan: I buy until 25-30% of my capacity and then reduce the frequency of my purchases until 50%. At 50% I reassess the notion of sitting on my rear.
