May 4th 2010, I bought during a mini flash crash NLY was having, around $15.50. This was 2 days before the big flash crash. Since then I have always had low buy orders set up in this stock for this event. One triggered last Friday. I also bought this stock multiple times in 2008-2009 and averaged about $13/ share. It has paid me almost 18%/year on my capital since I started buying in 2007, and is still trading higher than my cost basis.
Other than that I can't think of a good reason to buy low :-)
Me too, I got lucky when we had that one day flash crash and had a limit order fill @15.00, Thinking about entering another limit (low ball) order again but want to watch the price action for a few days before entering a limit price order.
Me too, I got lucky and picked some up @15.00 on May 4th as well, had limit buy order in at 15 for some time. Thinking about entering another limit, (low ball) order in but want to watch how it performs for a few days before I do so.