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Originally Posted by Bow Tie 67
Good one, Lol.
I added to my STD position today which drops my price per share, not to mention the next dividend, if history repeats itself, will be the big one of the year. " fingers crossed "
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I had 20,000 shares and added 10,000 today. I waited until they were down a $1 from my average cost... to add (average down) to this position. They go "ex dividend" on the 10th and they're paying 11% at these prices (remember the percentage of div goes UP when the stock price goes down).
Personally -- I wouldn't "talk up" this kind of a position because of the volatility... and the "unsure" footing european banks are on. Actually the unsure footing the euro GOVERNMENTS are on..... but I think the risk/reward is decent over the long run. I look at it this way -- this stock has a higher chance of going up 25% than Microsoft does.
Although MSFT has had a decent run lately... so that's an unfair statement.