A friend and colleague recently described my investing strategy back to me as sniping. I had chosen my target companies, and for each one of them I had identified a target price. The cross-hairs were set and I was ready. The trigger finger was not particularly twitchy, but it was ready to fire the moment that something appeared in the sights.
Anyway, I recently went traveling, and so was pretty much off line for about a month. Knowing that this was going to be the case, I decided that I'd put in some low-ball buy orders on the market before I went, just in case a stock market crash occurred while I was away. I won't be so bold as to say that that was a prediction - well - the crash was, but not the timing.
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