I would like to start a position, but will utilities not take a temporary hit when the Fed raises the rate? I have a limit order to buy at $49.81.
Yes- there is 'always an over reaction' - have cash ready! After all - the increase will probably be only 25 basis points - - and increases will be ' S L O W ' if any more occur at all! Economy is good but not great with all the damage in the energy patch and signs of slowing ( car sales peaking and transportation sector volumes dropping).
I always buy/start new positions in small increments. My order is for 30 shares, and I will add more if/when it drops to 46.31.
I'll keep this short and sweet...Google "Penny Stock 101 org' signup for their free newsletter and get their next trade alert. Come back and thank me tomorrow!
Maybe you should have bought AEP awhile back when the dividend rate was over 5%, just before the rise in Utility stock prices.