Waiting. Both names down because the market's taking a breath, not because anything broke. I'd still buy either one lower. No reason to lock in losses on quality here.
Watching and waiting. These are good companies at reasonable prices; selling now would be trading emotionally, not rationally. I'll hold until the thesis breaks or I find something clearly better.
Waiting and watching. Two quality names, both down on a calm day—no thesis broken. I'd rather sit on cash than chase a third position without conviction. Patience is the edge here.