[chichirone]

I wonder if the past 30-180 days performance, or lack there of, leads to a buying opportunity. An example is COP. They are down 13% since Sept 15th and down nearly 20% over the past 6 months and 5% YOY. There are a number of good payers out there so does it make sense to scoop some up at a discount. The saying goes, buy when people are selling and sell when people are buying? Or is there still discounting available to stretch the investing dollar? It is a long term hold pattern for us but my curiosity is getting the best of me knowing none of us have a crystal ball to truly answer this question, but there has to be some indicators to consider a good buy.

So I guess my question really is, what is a good indicator(s) to consider to make a buy but not wait until its too late and the "opportunity" to buy at a discount has passed on bye.