Last time after X-Div price fell 9% in 3 weeks. Believe I will wait awhile before taking initial position here. For sure there will be dips regardless of how it plays out in the next couple of weeks. Kudos to the old salts who've made bank over the years with it. (Div & price)
actually price was back above close of 1/31/13 only 13 trading days after last X div date and has not stopped rising. i bought on 2/6 and up 10% at close today... can't lose as long as price and div keep moving North.
What I do is to figure out how much I want to invest based on risk. A utility is safe value stock, I allow 10% of my portfolio, a high risk drug stock, I allow 1%. SO is about 10% of my portfolio.
I dipped my foot into another utility (diversification) and bought about 2% at about $50 a share and expect to buy another 4%, with a buy for 2% at $45 a share and another 2% buy at $40 a share.