Replies to post #377 on insane dividends

[novicetrader]

I've been buying in little bits & pieces since last week(my avg is $62 or so)as and when funds were getting freed up.I understand that usually the stock retraces after the ex-date,but somehow this being a high priced stock(50/200 day avg being $59/$50 & it being way higher in the $80/$90 or so just a year ago),I get the feeling that the retracement won't be that brutal,it may go down for a few days & then I hope it'll recover(if not to the highest levels at least it won't go back to the 52/53 level is my thinking).I could be so wrong though,don't have much experience in the divy stocks,so will learn as I go.
Thanks for the help & advice,hope I can bug you all here with more questions!!