I am currently facing a dilemma. Every indicator I have studied indicates that Nintendo (NTDOY) should have a moderate correction in the near term; as soon as tomorrow. However, with E3 in less than 4 trading days I worry that a correction will never come. And so my problem is this.
Buying Nintendo stock before a correction will mean that I have payed more for the stock then I should have. This would mean fewer shares, which would hurt my profits in the long-run. But if I wait for a correction and it doesn't occur it would also hurt my profits in the long run.
Conclusion
I will wait for a correction. Once the indicators signal a weak buy signal I will purchase.
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