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S&P 500
5,187.70
(
0.13%
)
US TECH 100
17,604.00
(
-0.03%
)
Dow Jones
38,884.26
(
0.08%
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-0.73%
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OldAIMGuy

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OldAIMGuy

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Re: $treet $inatra post# 23

Thursday, 02/22/2018 12:21:33 PM

Thursday, February 22, 2018 12:21:33 PM

Post# of 147
Hi SS, Re: Today's drop.............

I added this not long ago to my "income" sandbox. I've been pleased to collect the dividend while watching the stock. This AM I thought I'd missed news on a stock split because of the huge drop.

I've looked for specific news with nothing bad visible. I did note yesterday that some company was spinning off its pipeline business so that might have had some effect - more direct competition? Major institution sold MIC to buy into the newly spun off pipeline company?

I don't have a good guess here. Anyway, I added 50% to my share count this AM at $38.35. If the dividend stays, that is a nice averaging down in price/share and averaging up in payout.

Best regards,

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