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  • pershing832003 pershing832003 Jan 18, 2003 4:50 PM Flag

    Gimme income....El Paso

    Indeed, DUK down 7% from my purchase. My UST working out well (so far!). If DUK cuts div I'm screwed. But then look at Plum Creek Timber, discussed on this board. Cut that big div and stock went up smartly. As usual my reasoning was, well, DUK has bottomed. I paid $19.50 and it closed Fri @ 18.00(from memory)

    I believe ABT would pay 3% @ $30. For all any of us know the market may be headed toward increased reward for risk. It was 40/50 yrs ago most stocks paid 4 or 5%, I think.

    What goes around, comes around, Persh

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    • Persh,

      If you are only down $1.50 on DUK, you've got nothing to whine about. Very few ever buy at the absolute bottom. No reason to think you should hit it everytime.

      One of the blowhards on "Bulls & Bears" this morning has been averaging down on DUK. He likes it.


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