RE:RE:RE:Some Further thoughtsIf your day trading, absolutely. If you are planning on holding for the next 10 years, you are wrong. 2 different things. That 25 average is in the high 22s this time next year. Then 20s the year after that assumingdripping and no div cut, which I doubt will happen.
Fantome wrote: Namechange...
If what I say turns out to be what happens then it may well be profitable to sell your shares and buyback at a much lower price after the dust settles and give up perhaps a couple of dividend cheques which is a bit less than 2% plus your cost to buy and sell shares which I suspect you do online and won't cost you much.
I recall back in the 90s Xerox ran into difficulties when it was trading at $125...I advised clients to get out of it even though in the seminal quarterly report that caused me concern they actually increased their dividend....the stock evenually settled at 17 a share about a year or so later. The market can be quite ruthless even to so-called blue chip companies....
But hey..suit yourself...it's your money ..not mine...I'm not right 100% of the time and am the first to admit it...BUT..I am right more times than I am wrong