Thanks Again
Generally, we mean buy half of a planned position now, and fill the balance at an opportune time. This could mean a lower price, if there was a market dip or some profit taking. But it could also mean a higher price, if news at the company (earnings or otherwise) justifies the higher price. Basically, it means we suggest committing to some exposure, and that forces investors to pay more attention to the stock, and act accordingly to what happens next in the market. Often, a company with big gains will consolidate, and the market will always see some gyrations downward. A half position gets investors out of the idea of trying to buy at a 'perfect' price. Perfect timing is not really feasible. Either an investor likes a stock or not. If they like it, we think at least some committment needs to be made.