"Does that sound like a plan?"
since i'm a lousy timer, i'll say something here. i've played a number of stocks this way -- bad timing originally, but short at what i think is a good price, hold or increase my position, etc. actually, in one part of my portfolio, that's been the primary strategy: follow where i think things are going long term and stick to it, without trying to follow all the wiggles. so let me add one thing: if you're following what you think is the high probability route for long term, you still need to at least hedge against the wiggles, and against the low probability events. for me, naive as i am, that's been by buying cheap out-of-the-money calls (sometimes with a bit extra for speculation). anyway, it served me well on ntap (140 to 36, 22-27 to 10, etc.), kopn (14.85 and above to below 2), extr (11.85 to below 3), rfmd (high 20's to 10), klic (21 to 10, and again 7 to whereever it goes), brks (14.5 to 8, and again 10 to whereever), pmcs (9 to 3, and again 10 to whereever ...).
but of course, this time *could* be different ... however, the semi-equipment co's look ripe. not sure about semis, though i have a position there.
