I have taken a small position (5000 shares) during past two weeks but I am not certain if I should add more shares if and when there is a sudden drop in the price. What are the prospects for ARR for the rest of 2013? You thoughts are appreciated.
One must decide what objective is intended. If you are simply looking for divvy income per month, then the number of shares will dictate how much you are needing. The exact price of the shares will become secondary. But if a divvy paying stock excites you with the thrills spills and chills, resulting from X-dates, earnings dates, SPO dates, etc then that should be your focus. I am also thinking of more shares but am waiting for the next divvy announcement for the quarter, and that is mainly because if the divvy were to drop where my income would suffer then I will buy other better payers.