I held it for awhile and made a small capital gain plus the dividend.
However, APU has just not worked out particularly well. I have made a bit of money on it, like 5% per quarter. It goes ex on 8/11/10.
I will be watching to see if I can pick it up. It fell to $42.63 on the 8/31/10, so if it has weakness again, it should drop again. So, you would have done okay, if you would have bought at that price until $46.90. $4.27 profit on $42.63 or 10%.
Maybe, give it a rest and watch it. If you are holding it long, buy some more at a better price plus get the dividends.
I don't think buy and hold is dead, but if you hold without research, you can get hurt. That has been my history, but this year since I have been trading, my profits have been more than the old way.