Michael Landsberg Outlines His 10% Threshold for Buying the Dip

When it comes to buying the dip, stock selection and patience are critical, according to Michael Landsberg.
"It depends on the names," Landsberg said regarding his strategy for stepping into the market during selloffs. Highlighting recent market volatility, he noted that Micron ($MU) "had a period of time where it went from nearly $1,200 to $900 in a short period of time."
Because of these sharp price swings, Landsberg prefers to wait for a substantial pullback before deploying capital. "I like 10% as a number because of the volatility," he added.