Looks familiar?
Does the chart below look familiar?
If you own NBD stock, it should. And it will become even more familiar in the next few days, as investors stampede for the exits. The stock will be testing the 21 dollar level today or tomorrow and the 20 dollar level early next week. Unless strong support develops at the 20 dollar level, we will be able to buy it at 15 in the not too distant future. Obviously, investors are little impressed with dividend yields over 10%, unless they are supported by solid earnings.