Hi Nick,
I made me add to ABBV because the cost basis is now lower, the dividend is proportionally higher than my previous cost averaged dividend, and because ABBV will be easier to hold at a lower cost basis and easier to sell when the cost is even with the current stock price.
I don't like throwing good money after bad, have a bad habit of doing that and would prefer not being in a company's stock that is under my purchase price. I have more than enough of those stocks already in my accounts.
Looking at the hopeless charts of companies like CSCO and ABBV I see very little to redeem them other than their dividends, which don't drive me to keep them as they don't correspond to my investment and trading strategy.
Frankly I don't like cost averaging when a stock perpetually heads south. But in order to relieve myself of this and other stocks I find myself forced to do exactly that.
Enjoy the weekend !
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