RE:RE:RE:RE:RE:RE:RE:RE:God I love this market@maypeters, I didn't mean to confuse the issue, I was just trying to point out that there are many good paying dividend stocks out there that aren't as much of a gamble (and this is gambling). They do cost more and payout in the 5 to 8% range. I do hold many stocks within many different business sectors (as well as GIC's and real estate) so I can mitigate my exposure to a crises should one occur, like say the oil crash last summer/fall.
I'm surprised that some posters seriously claim to be making 40K in divs from this stock which would mean owning around 200,000 shares. In my book that would only make sense if you had a portfolio in the 10's of millions. If everything you've got is in this one stock $400,000+/-...you're a fool, no a BIG fool.
I submit that very few if any postors on this forum are in that league and this thread runs more on hot air and hype rather than prudent investors with serious money. Gambling can be fun, but too much is just plain stupid.
I was just picking up the gauntlet from babedinkelman who seems to be head provocateur of this stock and forum. Apparently I'm to be reminded that this stock it's ready to blow anytime now. However it's still isn't where it was a year ago even with the div, it's treading water...maybe?
best,