Q: Hello 5i,
In a previous answer you indicated that DE could be purchased in a range somewhat below $6.30 per share as I recall. I initiated a position slightly under that and now need to add my next tranche. Since that time, however, they have raised their dividend and the share price is now around $7.30. The short term chart is fairly strong. The question is: what would now be an attractive entry point for my second tranche? Should I try and wait for a pull-back of some sort or just bite the bullet and proceed?
Thanks!!
Cheers,
Mike
In a previous answer you indicated that DE could be purchased in a range somewhat below $6.30 per share as I recall. I initiated a position slightly under that and now need to add my next tranche. Since that time, however, they have raised their dividend and the share price is now around $7.30. The short term chart is fairly strong. The question is: what would now be an attractive entry point for my second tranche? Should I try and wait for a pull-back of some sort or just bite the bullet and proceed?
Thanks!!
Cheers,
Mike