All you people who knock PSE&G......look at it today. I never said it was the best Dividend stock. I said it's paid dividends longer than any other stock without missing a quarter since 1905 Oh and Cramer rates it as one of the best dividen stocks to buy !!!!!
Gentlemen? Hey this old gal has been around for awhile. I accumulated more than I wanted in the lean years (I was averaged in around 43 and that was just not good). Did a bit of selling yesterday before I saw the B of A adjustment to 38 (they tend to be conservative) and back to holding. Volume was very low so I suspect we will be seeing short covering - pull back possible.
Probably will sell a bit more if we push past 38 or 39 (15 - 1 future -- midpoint in range). That said, 40 is a psychological barrier and if it pushes past there - who knows?
Someone correct me if I am wrong but is this the first time in a long time earnings led to a run up? Seriously, we have had good reports and the stock sold off.