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generic question
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Imagine if you have evaluated a stock but a bit late. But the problem was that you found it a bit late and had been trading at a low valuation for quite some time before you found it.
You have done your homework and was sure of the play, with better long term returns. So you decided to start accumulating in 10 portions to DCA over 10 weeks.
when you are half-away down the road, it shot up 20% above your FV or BV. What do you do now? Wait to see if that consolidates, and then continue? or YOLO the remaining allocation or wait until valuation comeback.
Or what do you do to avoid getting into this trap?
P.S. asking for a friend :)