09-25-2015, 07:40 AM
(This post was last modified: 09-25-2015, 07:51 AM by Dividend Watcher.)
(09-25-2015, 07:19 AM)Kerim Wrote:(09-25-2015, 01:12 AM)Dividend Watcher Wrote: stink bid limit orders
???
Limit orders that are at such low levels that I doubt they'll get filled without a "flash crash" or a big jump in interest rates. In this case, at a trailing P/E of about 12.5 and yield in the low 4% range. That's how I picked up JNJ at $85 a few weeks ago in the wife's portfolio.
In other words, I want to add to both but at bargain prices. If something compelling comes up in the meantime, I'll spend the money elsewhere and cancel the order.
ETA: Just read this on SA. I often do that when cash is sitting around and I'm unsure of the market or which ones to pick. It'll be spent soon enough.
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan