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Old Republic International Corporation Message Board

  • ori.investor ori.investor Jul 30, 2012 9:28 PM Flag

    Bought more today

    That subject line was for you, quantuon. :) Yes, I have way WAY too much. I intend to sell some on the next run-up. I do trade around my position, but when it goes straight down, I end up buying more and more with no opportunity to sell.

    If the game is to "buy low", then by definition you have to buy when the news isn't good and the outlook is cloudy. When things are rosy, it won't be cheap.

    It will take 2 years to get the worst of the MI runoff behind us, but IMO it won't take 2 years for the stock to move higher than it is now. And I think the dividend is secure. I don't need the ORI dividend to live on, so if they did cut it, I could ride it out. But I am getting tired of "buying low" - I am definitely ready for good news!

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15.33+0.04(+0.26%)May 1 4:02 PMEDT