Thursday, January 04, 2007
Son of a Biatch!!
I am in the process of realigning my retirement account for this year. I currently hold 3 longterm high yield dividend paying stocks which are the conservative portion of my portfolio. The rest of my money I use to hold 2-3 stocks which I actively trade. By actively trade I mean, goal is a 10% bump in 8 weeks. Eight weeks is an average length I hold them, the longest to date is almost a year. This would be a dog of a stock named Amgen.
Anyways....
A wise man once told me(Kramer), even if you are buying as little as 50 shares of a company to do it in steps. Yesterday I bought some Pfizer, one of my 5 star picks for the year. I also had a buy in at a lower price looking to pick some more up in the next few days if it dipped. Today I'm sitting at a stop light on my way to work reading the headlines in the WSJ. Two drugs used to trat Parkinson's disease shown to cause heart valve damage. Of course one them is Pfizer's. Well, I should be able to pick it up cheap today and so should you. Expect a 3-7% drop in the price, since the drug is fairly old.
Still mulling my upcoming communication acquisition. SKM, VZ, CCI, AMT and SBAC are in the running.
Oh yeah, incase you were wondering. My three high dividend holdings are FRO, CZN and DB. DB used to pay a higher % dividend, but the price went up 39% since I first bought it last year. YAY! me. CZN pays out $1/share on what is now a $14.xx stock and FRO's dividend changes with their earnings every quarter. They target paying a minimum of 6.75% a year, last year they paid 22%.
Peace Out for today.
Anyways....
A wise man once told me(Kramer), even if you are buying as little as 50 shares of a company to do it in steps. Yesterday I bought some Pfizer, one of my 5 star picks for the year. I also had a buy in at a lower price looking to pick some more up in the next few days if it dipped. Today I'm sitting at a stop light on my way to work reading the headlines in the WSJ. Two drugs used to trat Parkinson's disease shown to cause heart valve damage. Of course one them is Pfizer's. Well, I should be able to pick it up cheap today and so should you. Expect a 3-7% drop in the price, since the drug is fairly old.
Still mulling my upcoming communication acquisition. SKM, VZ, CCI, AMT and SBAC are in the running.
Oh yeah, incase you were wondering. My three high dividend holdings are FRO, CZN and DB. DB used to pay a higher % dividend, but the price went up 39% since I first bought it last year. YAY! me. CZN pays out $1/share on what is now a $14.xx stock and FRO's dividend changes with their earnings every quarter. They target paying a minimum of 6.75% a year, last year they paid 22%.
Peace Out for today.
