Actually, the bottom was 16.13, but the bottom of the chart is between 16 and 17, so I look to buy whenever it goes below 17. Also increases your yield to over 13%.
Dan, you will never make any money buying at the absolute top of the chart. If you bought PGP at $16.99 on 01/14/2016, you might have fared a bit better..
Dan, you have been bashing this for a while now, and in the meantime, the price is up $4 since January, and the dividend hasn't changed in more than 10 years.
There are 1 billion iPhones out there that will continue to generate lots of $$ for Apple in the future. Even if they never sell one more iPhone, they still have the Apple Ecosystem, and all of those very loyal fans with iPhones/.Macs/iPads, etc. who will continue to use things (music, pay, etc.) that generate cash flow. This is a buying opportunity.
There are a lot of things that Trump will not be able to do even if he were to become President. The only people who hate Trump more than the Democrats are the other Republicans.
I think that the "Gross departure panic" is behind us, and with it, the fear that the dividend will be cut. As far as I know, only PHK had a cut, and even that was very small, with the return remaining above 12%. If you got into PHK after around mid January, you are now at 16%. And the 14% for PGP looks pretty good to me. I don't know about others, but I am here for the dividend, and the monthly check. So the daily price doesn't matter that much.
Only thing that I can think of is that the ex-dividend date of March 9, 2016. Time to get in if you want that dividend, or get out if you are short.
With a relatively stable price, and a very high dividend, I have never understood the logic of shorting PIMCO shares. Seems like there would be a lot of other stocks out there with lower dividends and more volatile prices that would be better targets to short. But please educate me.