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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: rnsmth who wrote (13955)	1/25/2013 4:38:39 PM
From: chowder	1 Recommendation Read Replies (1) \| Respond to of 34328

I don't blame you Ron. If you already have a full position in PG and you are still trying to establish your core holdings, I would add another position first as well. There are those who would have liked to purchase PG because they don't own it yet, and those who don't have a full position and were waiting for a price pull back, that would not have purchased PG as it just broke out on huge volume today. I'm saying buying the open, note the time of my message, was the time to take that position or add to an existing position, if someone didn't already have a full position. PG trades an average of 9 million shares per day. It traded close to 29 million today. More than 3 times the average! That's Institutional buying as I suggested this morning. The retail investor doesn't have the juice to move the market like that, nor the savvy, in most cases, to buy 52 week high breakouts. I was glad to see the good news today. The patience has paid off.