With the majority of us here in for the long haul, your point of having patience and reinvesting dividends at a lower price is something we all are keenly interested in. The longer your timeframe, the more exponential the impact.
On the other hand, I see only ORC as a total winner so I don’t think you don’t necessarily need to nail the monthly rock bottom price, but rather; being pretty close will make things work out fine— in the long run.