Some say we will go as low as $10.70. At first I did not accept that but, recently I am becoming a believer. Now I just can't seem to pull the trigger and double up. as I am already down. Also, IMHO when all those new shares are released we may have a bloodbath for a while. But, at what price level?
did you sell off your SDRL? they are getting pounded and i am glad i closed my position at $35.35 and dodged a bullet.
horrible day for me today. my worst ever almost across the board. MAIN, PLOW (down 8% on Baird downgrade), CHL, UHT, FB, and even here with OAKS. OAKS was a speculative buy for me and very small position, thankfully. not liking the Street downgrade as i believe it to be accurate.
nonetheless, i will let OAK ride and look for the bounce.
Hard to say. You might want to incrementally add. I bought 1,000 more at $11.35 last week. I have 8,000 total shares at 4 different levels. I'm basically even, up $420, on share price after the averaging, but have collected a very nice profit in dividends. I'm in it for the long haul so the small swings don't bother me and I never catch a bottom for a purchase or a top for a sale.
Colgateguy, you have a point about the long haul and I can agree with you in respects to that approach. I guess where we tend to disagree is on the amount of loss in the pps we are prepared to accept before reaching the sell point. Even on good divvy stocks-take SDRL-for example. I place 15% under my cost as an acceptable variation in the price. Beyond that point I am seriously reconsidering my position as I feel something is fundamentally wrong with the stock. Especially when the yield gets sky high. Not saying that is the right way to do it, just that this is kind of my own rule. In any case, I wish you the best.