Hi there,
In my opinion, you are on the right track. We are big advocates of averaging into positions. Personally, i use a 1/2 approach but that is in normal times. Recently, i have been taking a third and quarter chunks in positions. There still exists considerable uncertainty and no one can predict what will happen next. A second pandemic wave can lead to another big downturn, or we may simply gradually recover and not look back.
I always look at the companies in terms of valuations and both GSY and LSPD have good entry points. GSY is cheap as on a historical basis and against forward growth prospects. That being said forward growth prospects may be optimistic.
In terms of LSPD, the expected COVID-19 impacts were less than expected. However, it will be most impacted if we see a second wave which will no doubt lead to a higher rate of bankruptcies for small to mid sized businesses. Estimates have been trending downward, and it is very hard to value this company right now. That being said, once the economy rebounds (and it will) LSPD is well positioned. It has a cash hoard and will be ready to resume its high growth rate.
Personally, I don't use technical indicators too often, I prefer to invest on fundamentals. I do however, have one rule that centers around the 14-day RSI - I'll never buy above 70. I am content to sit back and wait for a period of consolidation or a dip before jumping in to a stock on my watchlist that is sitting with an RSI above 70.
Hope that helps.
Mat