Saturday, July 16, 2011


Risk/reward vol 22


Everyone can embrace the past 2 days.  For me, they came a little soon.  Monday evening I did my biweekly dividend search and found that some of my favorites (TOT; POM; FE) were ripe for purchase.  Anticipating bad news this Friday, I decided to wait until the markets opened on Friday to purchase.  I was too smart by half.  Oh well, in this sideways market, another opportunity will present shortly.  Lesson learned.  Remain disciplined--be aware of the environment, but do not be distracted by the noise.  Those stocks were good buys on Tuesday---no matter what.  I tried to guild the lilly.
 
Today I sold 1/2 my position in WCRX locking in a 13% gain in 26 days.  I will ride the other half until after the dividend date and then sell. 
 
After the jobs report tomorrow, I may add to some positio

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