I agree. Selling out at $60 is a poor choice. This will go up every quarterly report and dividend run up. We'll float around $63-$64 for the quarter and when that 3Q report is announced, look out. The quarterly reports are going to be positive, over and over for the extended future and the dividend is as safe as any out there.
I disgaree. I did feel some pressure to sell at $60.25 when it appeared GIS was going back down, and it did go to $60, but not below.
Instead of $60 being a resistance point, it appears GIS is building support at that price. The 9% div hike with the date fast approaching will also help keep this above $60. We all read the 2Q reports, additionally GIS has an exceptional future through 2010. That dividend will keep getting pumped out and that will stave off the selling pressure IMO.