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DTE Energy Company Message Board

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  • bearofbleecker bearofbleecker Aug 9, 2011 3:42 PM Flag

    I bought DTE at 47.30 today

    Well, that was an unfortunate time to buy (or hold) anything. But we should be doubling up today. The Fed just announced that interest rates are on hold until at least 2013. This makes a relatively safe 5% yield look very attractive. Unfortunately, the individual investors who tend to own utility stocks and the income-generating funds which tend to hold them are in a panic mode. It should come back to your entry point fairly soon.

97.10-0.13(-0.13%)Jul 28 4:00 PMEDT