(10-30-2018, 01:24 PM)DividendGarden Wrote: GE down below $10 today. At what point would you buy?
Whenever you have some money you don't want anymore.
I learned the hard way to run fast when a company cuts the Div. Your patience will not be rewarded in a reasonable amount of time. They are either headed for bankruptcy or they drop 50% and lie there for years getting their act together while you wait to break even some decade. You won't wake up tomorrow and missed a big run. Thousands of trapped investors waiting for their chance to jump ship on a dead cat bounce. I am waiting for my dead cat bounce in KMI now. CEO spewed rubbish on the bright future then the Div is cut in half soon after. I won't hang around for the recovery anymore. You only get one chance to lie to me.
That said you could make some money trading GE, but it's pretty easy to find a much better stock idea right now with a small fraction of the risk.