sold off some bank stocks and increased MAIN at the open this morning with PPS at 27.2. That represented a good buying opportunity. MAIN getting good publicity from analysts, P/E very low, yield is great and DRIP is good program. had purchased twice previously within last 3 weeks. MAIN now my 2nd largest holding within my stock portfolio at 10.7%. gonna hold now but sentiment is BUY.
I added some yesterday at 26.86. So far looks like i was right on that call. I really thought all this talk about interest rates going up and up was just rubbish. Truth is this economy cant stand alone without fed support cause the fiscal side of the house is doing everything counter to what it should be doing in a recovery. Add that to a strong dollar holding back exports and a weak global economy and I think we will enjoy low interest rates for a very long time yet.