A most admirable strategy Storm and expertly accomplished, but too risky for me.
Recently I was not that fortunate. When it comes to the Ring of Fire I was and still am only with NOT.
Having much earlier bought NOT at low and then sold about a quarter of those I sat with the profits and waited for the price to fall. It did but not enough for me to use all of the cash that I kept waiting. Actually I only bought a thousand shares on the 26th going into 27th because the price did not drop as far as I thought it would, so nothing to brag about. No I do not think that the price should be much lower but was basing my decision on when to buy on recent sp history.
Either way, should the price drop again and lower, I buy, should it rise substantially that measly thousand will turn into cash to wait with the rest.
I am all for trading a small portion of one's hold to take advantage of these price fluctuations. I say small portion because I am not one to risk a large portion because it would expose me to a sudden change and it could be a major loss. The majority of the hold is waiting for multi dollar levels.
As I said above, I was unfortunate because I was unable to snag more at the low.
I expect news at the latest on monday morning, but should there be no news at that time, I could get that opportunity during the day. Stranger things happen and I believe in holding some dry powder in reserve.