The last 2-3 years has set a stock price floor at about 13 bucks. The way it keeps pounding on that floor it's nearly a given that its going to break though. So, when we hit 10 bucks a share how much are you going to buy?
Me, I've got 300 shares (plus a hand full from divi reinvestment). I think I'll just bump my holding up to about 500. It's already kind of over-weighted in my portfolio.
I'm pretty sure the price will drop to 10 now. I think only a big market rally can prevent that from happening. Unfortunately it looks like the broad market is trying to have a correction. I wish I had waited to buy.
Whelp, if you believe 13 is a hard floor, you buy. I'm tempted. If 2013 equals the divi of 2012 it's going to be something like 8.5%. I'm under the impression some of the 2013 dividend was moved foreward to 2012 to duck Obama. I could be wrong though.
I might buy a 100 shares tomorrow, more likely I'm going to hold out incase my 10 dollars per share prediction comes to fruition.