I do not have any reason to believe it is anything other than money flows - anticipating the rate hike - If that is delayed into 2016 - I would think the money will come back to chase the Div to get year end benefit. - I am not a wizard...I just watch the flows - not a technical observer.
Seems Sept is the consensus - hence the drop to 66 on the horizon. Makes a buy very interesting regardless. The economy remains fragile that the hike will be the only one for a long time, .25 versus 4.25 ?
Any entry in the 68's (if you think the rate hike will be Dec) and you get a nice 2-3 dollar pop.
You just have to consider the odds of rate hike this month or in 3. Duk could test 66-67 with the rate hike confirmed.
to keep the div going...
The classic business school mantra for the last 30 years: "The shareholder comes first"
DUK held strong until today - the only difference from what I saw was the interest rate spike in bonds - did that play a role? Or is this simply the Fed is going to hike in Sept ? Anyway, high 60's you just buy it.
and they have no plans to do so...They want to burn fracking down one company at a time. I am cool with this! We get to keep our shale for a latter day and drive with 1.50 gazzoline for the next decade/
Ron Miller ( Son in law) of the Disney was my neighbor - stock was less than 10 bucks in those days...I think it was less than 5. Gerald Ford was President/
The only downside is the rate hike - We know that's coming sooner than later. That will drop PPS about 3-5 dollars in my opinion.