As long as I'm being long winded this morning ---
Note that you'll look at your account after the close some time today (or maybe even tomorrow) and you should see your Annaly Capital Management (NLY) dividend in there...
But I would also note that on a very nice UP day that APPLE (AAPL) is down - albeit a buck or so -- that to me is a troubling sign for THAT STOCK... and I don't mean troubling in the sense that it's going down or whatever... but it just tells me that there's more SELLERS than there are BUYERS and that's a bit of a sea change. A year ago if we had a big up day - APPL would have been up $50! But now it's going against the grain and is flat to down on a day when Kimberly Clark is UP 2%!
When I see that kind of stuff -- I stay away. While a guy could "gamble" that it's a buying opportunity and get in front of the iPhone 5 release... My thought is that "what if it's a ho-hum" in the market place or just not the block buster people THINK it's going to be. Then it's a stampede for the exits and you get crushed.
I'm writing this as an INVESTING 102 piece only -- I'm not trying to predict what is or isn't going to happen... I'm just using this as an example of what I've lived to see many many times... It comes back to that "priced for perfection" post... and something else that people forget about is that many people have HUGE GAINS in a name like this... and when that happens... you start to think about trimming and locking in some of those gains. If you start to see some of that gain dripping away - you rush to lock them in... which causes the market to go down - which causes more people to want to lock in a gain - so the oldest rule in any market comes into play ---- MORE SELLERS than BUYERS... and even if the company is doing fine -- it's the stock market that dictates the stock price.
|