re:"Wonder just how deep I can get into this security before I lose sleep at night. I might be there. :)"
I fell ya!
I'm in the MREIT Sector and I'm taking a beating. If I remember correctly, Dan said he is 98% in cash. This guy is two steps ahead of everyone else. We should have followed his lead. I'm around 75% liquid at the moment. My guess is we will see a couple more days like today before the EOTY. My socks are coming off right about now in anticipation of SBGI getting a little cheaper.
Good luck Martel.
I'm still about 95% cash and felt this meltdown was overdue .I'm not smart enough to pick exact timing so got out early. Glad I did. I made a small fortune this last run up of broadcast sector and thought I was buying cheap when I accumulated my positions. Made a little over $600k but would have been over a million if I had waited for the bottom to fall out like it did. The point is I see it happening again. Today's prices are great but I see much cheaper. Sbgi will soon be paying 6%. However, the improbable could happen. If dividend taxes go to 43.4% from 15% IMVHO we could see the Smith family pull the dividend especially since it's being taxed at corporate level before dividends are even paid. It would make more sense for them to buyback shares, etc. The fiscal cliff has got a lot of people over reacting. This sector is going go get hit harder than overall market. Daninfw