Quote:
Originally Posted by Rybar
Greg, what is your opinion on this article saying TNH is entering oversold territory.
http://www.forbes.com/sites/dividend...old-territory/
I have been looking to buy more of this stock and see this as an opportunity for a "sale price" but this article makes me weary as this sort of thing happened with BPT and that one dropped quite quickly after that. |
Sent you a PM --- I'm not sure I'd add to a current position.... unless you really need to average down. We're headed into summer -- and everyone knows summer is the time to buy -- but not sell stocks. With the run up we've had this year - this summer could take a pretty good dip and then it would be really "on sale". If not - no biggie.
With the economy seeming to be on the mend -- you need to be very careful with chasing "yield".... as interest rates rise -- stock prices will take a dip... Of course when, how much.... blah blah blah... We're in one of those periods where we're not sure what is coming -- better economy which will help stocks -- but if the economy is too good - we get a rising rate environment....