Personally, I've never been a fan of trying to pick the bottom. I much prefer buying a stock just breaking through a resistance and riding it up for a bit. Too often, that stock going down, is doing so for a good reason, and especially with a dividend stock. Many end up halting their dividend and then what do you have? The trend is your friend.
and I do see MMLP has already cut their dividend by quite a bit.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.