Doesn't matter what the price is if you are interested in making profits.

During 1998 and 1999 I had up to twenty oil industry stocks. Bought and sold each during that two year period 2-4 times and made money on every transaction.

When you are part of an industry and follow the trends on activity rig count, etc., one has a pretty good idea of which company wa in for growth and improved profit.

I really enjoyed those two years, then got interested in the tech market, mostly Nasdaq, and after a couple of years when the tech crashed, I finally got out without too much damage.

Axiom........buy into a market that you are familiar with, excluding highly speculative low costs stocks.