Normally I would think this is the bottom but we have just had a big run in the stock market and we are due for a correction. Secondly, I think there is going to be a bigger fall out from the debt ceiling issue than is currently suggested in the media. Obama just called Americans deadbeats for not paying his ever growing bills. He must be stopped or he will destroy the U.S. financial system. I am happy though to hold at $10 and enjoy the dividend here but decided to sale some of my short terms trades to have some powder dry for the fireworks coming the next month.
Blaming Obama for PWE's plight is bazaar at best. There's obviously a conflict at the top. Bursa is buying and Andrews selling at the ten dollar level. Andrews is a PE, Bursa is a lawyer, you figure? PWE's future is guarded at best.
I've got it now....if anyone would know a bottom, it's Spinergy, I imagine he specializes in it. Another of those gay things that he pretends to hate, but like I said, we're tolerant here, YMCA dude. Your secret is safe with us.
I agree with you totally. When the market drops most stocks drop and PWE will not be an exception. Nevertheless, I like how PWE keeps “recovering” after it drops in the morning and gains back into the close. Just like you, if the price holds around here, I too will be happy with the dividend.
To "catch" a bottom and buying near it and then holding on IS what stock market "game" is all about.
All other "playable ways" are more difficult and in fact are FULL TIME jobs.
Let us get lucky. And let’s remember:
“Luck prefers the prepared mind.”
Question, who said that?