Jim,
Not sure that's right. The best time to check/add oil is right after the engine has been run (i.e., likely to be hot). The reason is there is a spring loaded valve sitting between the oil tank and the oil pump in the lower part of the engine. When the engine is running, pressure keeps this valve open allowing oil to flow between the tank and engine. When you shut off the engine, removing the pressure, a spring is supposed to close this valve and keep oil from draining from the tank to the engine, a condition often referred to as "wet sumping." Key phrase here is "supposed to close." It may not seal well and oil could slowly drain from the tank, mine does over a period of a week or so. Therefore, the best time to get an accurate reading on oil levels, or adding, etc., is right after shutting down the engine.