Boy did I make the wrong decision when I loaded up on ZLCS when it dropped to $14+ from $16+.
I thought the drop would be temporary, a few days, maybe a week at most because holders were fleeing as the result of Hussein's "stick it to the folks who work agenda," but this piece of dung just keeps going lower or not regaining lost territory.
Out of sixteen stocks I own, only ANR, WFT and ZLCS plunged lower than VGR.
I gambled and lost and now have my fingers crossed that the powers that be at VGR don't lower the divi so I can get the heck out if it gets to $15.
I know the longs hold out because no matter how the divi id paid, it remains intact, however I am concerned how the divi is paid I am even more pessimistic that VGR may be a broken company and not a broken stock.
I knew better, but took a chance.
Let see what happens on Wednesday.
My portfolio is up about 12% for the year (including divi's) and I am not a member of the Lost Decade Club in part thanks to advice I get from Cramer, so, that is not bad, but, VGR did not help much, even with the divi when compared to the plunge in price.
Good luck to all in 2013.
PMS: Send all the politicians to a mental ward and start all over.