RE:RE:Biden administration wont be nice to oil !! Im out at $40.90peter75 wrote: your out because you do not know how to accumulate wealth
Taking 4 dollars off the shelf per share is dumb
Here is why
If you bought at 37 and it goes up ten percent, thats good
add on your annual divy of 8.7 percent your getting 18 percent plus.
If you had say 100 shares and you made ten percent in three months why would you not take the 370 off the table by selling 8 shares
This way as the price climbs further you can do it in intrevals
and still get the divy
Selling our right is not smart
Where are you going to find an 8 percent safe dividend stock
I might sell some at post 50 but never at 40
I have been in this stock for over 20 years
like now its 6 percent of my overall and sometimes i trim to 3 percent when its ran to a high of x over 3 year periods
Oh trust me im ok there buddy :) I can already buy back now for less than what I sold !! I see a lot of insider selling and with a Biden admin I think you will be able to buy back cheaper...IMHO GLTA