Looking for a SHARP correction! Frankly folks, I would love to see PSN hammered down below $15 again. I really would!!! In that event, I would double up my holdings, AND do it on margin.
You see, I am in this for the dividend. Dividends are my salary in retirement. I agree with an earlier poster that there is a rush for divedend payers and this rush should accelerate as boomers age and find they can't live very well on 2% bonds. As long as PSN can support and grow the dividend with earnings, we will see the price go up.
I also see a strong growth story which will also underpin strong share price appreciation.
Yup, so bring it on shorts and bashers! Step right up and short this baby back to $13 for me, please, please, please!!!
Just checked the trading and the last 2 blocks that pushed us above were 45K and 30K respectively, so good luck with your shorts.
Just my VOHFO . . .
SS