guru267 wrote:obiero wrote: Im picking up more stock for the dividend payout, rumored to be .70 per share.
@yaani obiero you haven't learned?? You cannot buy a stock only because it has a good dividend..
Whats the point of buying a stock for a 6% dividend yield and then it falls by 50% like kenya re and AK???
@ guru267.. I have very heavy losses on this counter so I am trying to average down since I cant sell! From the Intelligent Investor, they refer to it as dollar cost averaging. I think it works!
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21