[turc1656]

OP said nothing about timing the market. As you mentioned, that's the entire opposite of DCA. I take your interpretation to be a bit disingenuous and lacking in good faith.

OPs point is clearly that the panic selling is not rational and they are acting accordingly. Whether or not that's correct remains to be seen, however.

[m0zg]

It pays to remember that when one sells their shares, there is someone else who's buying at the other end of that trade. Right now that someone is me. 20+% discount sounds pretty awesome even if it's not "the bottom". I typically buy and hold, and not worry too much about turbulence, since I'm not on margin.