We put in a buy limit order for Intel @ $25. We've researched the company and what's not to like? Until recently, only the price. But @ $25, we have a deal.
Only it hasn't hit the mark so far today. At one point we looked and it was orbiting $25.09. Why not just change the order to $25.09? What difference does a few pennies make in buying a modest number of shares? In terms of cash, very little. But the more experience we acquire in the market, the more we are fixed on (1) price and (2) discipline -- aside, of course, from fundamentals.
Waiting for Intel to come to us @ $25 on the nose is discipline. Saying oh, the bleedin' 'ell wiv it and re-bidding at $25.09 isn't. So maybe it gets away from us. In the long run, not chasing stocks will do us more fair than owning Intel today.
Keywords: [Intel] [price] [investment discipline]
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