I added a little at $18.48. High Dividend has been shaken out for the past year or two and perhaps the market will have to see first hand that a minuscule interest rate increase does not destroy life on the planet . Looking for January recovery as is the historical case.
Short term anything is a maybe. Maybe it will hit $100, maybe it will hit $50 maybe I,m young and handsome with a big #$%$. Maybe Julie is very bright . Anything is possible.
One must look to what is important. The Dimocrat voting base is eroding and illegal aliens can't be counted on to vote correctly being most are God fearing,family oriented, hard working people who want to get ahead in life. The Black ex con votes are needed and will be a easy sell.
Selling in December will probably selling on the low only to watch it pop in January. If I needed the money in December for sure I would sell now. But most of my moves for last year and half has been wrong:)
The Barron's of today is more of a StealingAlpo or MarketWatch Schmitz sheet. Not worth the price of admission.
I ,m selling OTM Dec 18 Call on most of my portfolio thinking December might be a little frothy with tax sell off bad Fed announcements.
Never in VRX but I do enjoy watching Ackman squirm. I think Valeant will be cleared of legal wrongdoing but there business model will come under scrutiny and there valuation might never recover.
After reading WSJ this morning it appears the government might try to rape XOM with a similar legal argument used against tobacco companies . Tuesday is XOM ExDay so Monday might be interesting. Something bad happened to half my oil stocks Friday and the others gave up in sympathy .
buying the Dividend is usually a mistake but I bought it back partly because the market has not figured out what it's worth as yet with the European operation removed. It might be a good one.