Published: 2012-04-24 11:09:00 EDT by
My entering into the PG position was partially a result of me tightening the limit of the order to less than a dollar of its Friday close. The other part was an unexpected reaction to the European and Chinese economic news. Today, however, PG rose back above my entry point. (As of the publishing of this article, PG is below my entry but up for the day.) My current concern is that the market cliche of 'as goes the month of January, so goes the market' will not be true this coming summer after PG earnings this coming Friday. If my concern is realized, I will look for an opportunity to average down my cost basis by adding to the position as close to the lows as I can. I may then STC the first PG position if it recovers.
I still have two more positions I want to open in order to balance out my monthly dividend payout strategy. However, I don't want to tighten my limit orders any further without good reason. I will be leaving them as is for now. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
BTO - buy-to-open/bought-to-open
JNJ - Johnson & Johnson
PG - The Procter & Gamble Co.
STC - sell-to-close/sold-to-close
VZ - Verizon Communications Inc.
Labels: dividend, interest, stock strategies, trade terminology in use
Updated: 2012-04-29 22:24:56 EDT
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