I have held NYCB since it was NYB. The way to play this game.... I re invest all dividends and sell covered calls when she is at or near a 52 week high. Was called out for half my holdings and sitting on cash right now. Got in at just under 14 last time. However I do not think she will reach that low. Above 6% return in this market is good. She has always paid 1.00. Should rates go up yield will go down. NYCB is a LT investment.
As for the price dip.... Houses are taking their money off the table. Plain and simple.
If you take the time to read what INTC said they are operating like the GOV. does with contractors when cut backs are needed. Early paid retirement, no re hiring when positions are lost, no new positions (go with what you have), getting rid of the bad apples and so on.
X2073. Smart purchase. As I stated in my post I purchased TNK when she dipped to $5 a share and rode her down and back up collecting and re investing all dividends covering my loss. At today's price, if I sold all my TNK, I would come out ahead of the game with the tax option to claim first in first out at a loss. But I am holding.
However I just added to another holding I have that is now at an RSI of 27 and pays a dividend of 10%
I picked up ESEA years ago after dropping to $5 a share and paying a good dividend. Remember those days? My rule is no dividend sell. That is just what I did today. Took the loss and moved on. Watch your chart. A gap around 1.20 and 1.30. I still hold TNK which, picked her up same time I purchased ESEA, TNK still pays a dividend. BOL to all.