TM- Timely Repurchase of Shares?

As expected after the ex date of the capital repayment of TM, the shares depreciated about 30 sen from the last close of 6.04 on 26 July 2012. In fact it went down lower than 30 sen to 5.65! I was watching the trend closely but could not really decide when to enter (secretly hoping it would go down lower still- Big deal!). My better half decided to repurchase his shares at 5.70 and I was still being smugly hesitant.

TM- the relentless rise post-capital repayment on 27 July 2012

The week went by and the buying volume gradually increased by the thousands. As usual I like to buy when everyone else seems to sell on late Friday afternoon but somehow people seemed to still keep buying the shares, erasing the usual pattern of lethargy in the market on Fridays. I was rather perplexed initially then it dawns upon me that this stock is not going to retreat despite the volatile financial situation at the global level. I went in to buy at 5.72 on 3 Aug and when wanting to buy additional shares, within minutes it went to 5.73 and my remisier advised me to stop and wait for a "better price" on a Friday? No, I told her firmly (no risk, no gain), please continue buying  at 5.73 and last Friday week, the closing price was 5.75.

And the price continued to rise even to 5.90 last week with the closing being 5.81 last Friday 10 Aug. And so the decision to buy at that price was kind of lucky I would say and not due to clever investing skill. It would have been wonderful had I decided to buy at 5.65! All the same, it was not a timely repurchase in the real sense of the word but it is when you note the sudden focused price uptrend at the point just after I repurchased the shares. I envy my better half's decisive timing though, buying at the bottom of the trough.

As usual, I will stick to Burton Makiel's ( Random Walk on Wall Street ) advice to buy and hold as I believe in TM's long term's prospects of giving high dividends to its investors and wait for another capital repayment exercise in 2015?

By the way, TM might just announce another dividend distribution later this month to be paid by September? I cannot wait for that pocket money.