The "buy when there is fear" approach has served me well in the past. If you have a strong conviction in a company you are better off buying and not worrying about the day-to-day fluctuations, and rather, focus on the longer term outlook. Sometimes you will buy only for it to fall further but on average, you will be a winner with this approach. Usually the start of an uptrend, especially in medical stocks, follows a major re rate in the share price (due to an announcement etc) which tends to be the biggest source of gains. If you wait for a trend to be established, you will often miss the most significant gains to be made.
IMU Price at posting:
12.0¢ Sentiment: None Disclosure: Held
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