Microsoft was clearly an undervalued play prior to earnings, I bought roughly 225 shares as a cost basis of 387. After the amazing earnings this position is up over 20% in just a week moving it very quickly from undervalued to in my opinion fair valued.
My question is then. Do you as value investors buy more shares at fair value or only when they’re discounted, or wait for substantial pull backs? Any advice is greatly appreciated! Cheers!