@Aguy,
It is not a question of thinking bearishness, it is just the princples of what goes up must come down. There is always a time of market correction even for good companies.
For a long term investor instead of injecting more money to buy your favorite stock when it is cheap, you can equally do what I do once in a year on NMG and EABL to increase your holdings without injecting new funds.
I sold all my units of NMG at 185 bob specifically in may 2011 and bought back at 135 in November 2011 after it has lose steam and euphoria.

I have been doing this for the past 3 years only for NMG & EABL.
My 125 bob low price is just a prediction not a hard and fast rule as I am factoring in the political uncertainty this year so I expect NMG to get as low or close to that in the months ahead. Meanwhile I am looking forward to selling NMG circa 180 again this year.
I cannot predict other counters as I do not apply this technique to them.
This buy back approach is called passive recursive
trading. It is very useful to long term investors.

Cheers

I have been doing this for the past 3 years only for NMG & EABL.

On my end I have come to be averse to anything that resembles market timing with my longterm holdings and thus focused on year-on-year percentage dividend growth as a more reliable return on Capital invested than awaiting on hindsight to qualify decisions made. In addition, I react only to extra ordinary capital gains as I have learnt that I am reluctant to retake positions I exited. Deuces is Deuces

@young I have been reviewing this strategy..

I have successfuly done this with KCB and kenol (both long term plays) for the last two years.

For example in KCB I bought at 18bob in 2010, sold at 27 in just before it went ex div in 2011..

I then re entered at 15.95 in december and planning to exit at 27-30 cum div 2012...