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.