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Strategies & Market Trends : Underexposed Technical Analysis
AQN 5.880+0.3%Dec 12 9:30 AM EST
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To: Underexposed who wrote (395)8/5/2019 11:12:41 AM
From: robert b furman  Read Replies (1) of 914
 
Hi U.E,

US

Thank You for your prompt and thorough response.

I accumulated my initial position in XOM during that drop below 70,and have been very happy to collect the 5% plus dividend.

I had hoped that XOM's price would revisit that level for an additional position add.

I sold some $67.50 November puts for $2.50 today. Hoping that they would get assigned to me, for a net purchase price of $65.00. That provides a dividend yield of 5.35% - I'm OK with that for a long term buy and hold.

If it drops below that, I'll drip it and accumulate more shares - to increase my dividend revenue flow.

I've been building a dividend revenue portfolio for 4 years now and have been adding energy stocks this last year.

If we have a protracted trade war, I've added stocks that people will NEED to buy their products from in the course of just living: telco's,natural gas pipelines, and lately XOM with their large proven resources both upstream and downstream as well as petrochemical plants.

If price actually gets to below $65.00, I'll use some dividend funds to just buy the stock and hopefully sell some 60's to help pay for the shares.

That's my plan anyhow.

Just a sincere note of "Thanks and appreciation" for your excellent views.

You've just added another tool for timing with your Macd/BBwidth pinch.

I've always used and relied on Macd. You pointed out BB width as a new oscillator when you first started this forum.

Thank you for your generous view and knowledge!!

Bob
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