i remember when brad thomas said O was a buy at $50. i'm a rank amateur, but even i knew that was crazy talk. when i see the 10 yr. treasury top out in the low 3s, then i might buy the likes of O or NNN.
I initiated my position in O at $42 and I am not unhappy now.
At $34-36 I am buying more. If it goes down from there, I will buy more again. If it moves up far enough to where the yield is around 4% or less, I'm a seller.
Otherwise, I'm a buyer.
Pretty simple actually.