I said it many times to people I know: I didnot like XTEX's fast run up in price. It shows a buzzard's since of investment. Run up the price, take the profit retreat. How long before we reach the 10's again? I know this requires some crystal ball consultation, but I figure that whoever bought at 10 would start taking advantage of the lower price.
If you are in this stock longer term as I am....it is not an immediate concern where it levels off. My entry point is from $5 down to $2. I will think about selling somewhere around $25-30 and collect the resumed distributions until then.
Good outlook canaltoy. When does your crystal ball show us going up to $25 to $30? Also, what will the dividends be and when. Some say .85, others $1.00. If it is a dollar, the preferred only gets another .15 cents.