High yield stocks-LONG HOLD

[newmny65]

I try to find the beaten down stocks that still pay high yields. Looking for both Quarterly and Monthly payouts. Trying to focus on 10% minimum yields. My goal is to buy in a bulk amount on the dips and sell off some at the spikes to ride FREE or as close as I can get. This way I have 2 advantages- very low PPS and collecting the DIV. Most of these are small positions as I've just recently started this strategy, this is what I hold- so far. AEA-free/ AOD 8.50/ APL-free/ BP-25.64/ DOW-4.75/ DUK-14.37/ EROC-3.87/ GAIN-free/ GE-free/ PEI-5.12/ PHT-10.29/ TTO-4.96/ WIN-8.45-- I will be constantly working to get my PPS down, also some of these dont pay 10% because I already had them. Any thoughts, ideas would be GREATLY appreciated. Also I will be working on the riskiest ones first, I learned a lesson with EROC they slashed the DIV and have taken a beating for it, I originally got in at the 5.00s and have since loaded the boat ( I own 7000 shares avg 3.87- my largest holding ) JMO I feel they will be fine even though they are rated a sell= book value is just over 7.00 PPS. Anyway this is my plan, to build a constant income portfolio that will appreciate over time. I'm keeping my dayjob otherwise I would starve!!!

[BadThad]

Originally Posted by newmny65

I try to find the beaten down stocks that still pay high yields. Looking for both Quarterly and Monthly payouts. Trying to focus on 10% minimum yields. My goal is to buy in a bulk amount on the dips and sell off some at the spikes to ride FREE or as close as I can get. This way I have 2 advantages- very low PPS and collecting the DIV. Most of these are small positions as I've just recently started this strategy, this is what I hold- so far. AEA-free/ AOD 8.50/ APL-free/ BP-25.64/ DOW-4.75/ DUK-14.37/ EROC-3.87/ GAIN-free/ GE-free/ PEI-5.12/ PHT-10.29/ TTO-4.96/ WIN-8.45-- I will be constantly working to get my PPS down, also some of these dont pay 10% because I already had them. Any thoughts, ideas would be GREATLY appreciated. Also I will be working on the riskiest ones first, I learned a lesson with EROC they slashed the DIV and have taken a beating for it, I originally got in at the 5.00s and have since loaded the boat ( I own 7000 shares avg 3.87- my largest holding ) JMO I feel they will be fine even though they are rated a sell= book value is just over 7.00 PPS. Anyway this is my plan, to build a constant income portfolio that will appreciate over time. I'm keeping my dayjob otherwise I would starve!!!

It's a great idea, I like to keep a few divy paying stocks as long-term holds. I'm a little concerned with some that have super high yields though. One of my fav divy stocks is PG, I've held it for years and will continue to do so. I've taken advantage of the dips to add to my position....the last divy was 0.44.

Of course, if you've taken time and read though this forum section, you probably saw how much I love dividends.

[newmny65]

I added DSU at 2.95- seems semi safe, missed this months div but it dropped enought to cover the payout.

[newmny65]

Added more DSU at 2.83,todays buy will be flippers on the spike- been looking at CFP-pays 22.80%, put in bid at 10.62 and MMs raised ask/bid--I dont chase stocks so I cancelled order and moved on!!!

[newmny65]

DSU is cooking-GAIN is to. Sold out DUK. Looking to cull a few more, EROC and TTO are the next on my sell list. However I dont sell ANYTHING at a loss so its looking like I'll be holding these 2 for awhile longer!!!

[OleMan]

Had to knock the dust off this one, kinda how I roll in the game.. In TTO and looking at GAP with HPQ in the frame also. I work so all of my trades are preset limit orders, its hit or miss with me, nothing like buying at the middle of a crash and coming home broke. The 12,500 seems to be the consolidating range and the selling crowd has made a few look decent.

[BadThad]

Originally Posted by OleMan

Had to knock the dust off this one, kinda how I roll in the game.. In TTO and looking at GAP with HPQ in the frame also. I work so all of my trades are preset limit orders, its hit or miss with me, nothing like buying at the middle of a crash and coming home broke. The 12,500 seems to be the consolidating range and the selling crowd has made a few look decent.

Coming off some cash now?

You're buying when I've been moving to cash. LOL I keep getting the feeling the market is running out of gas. I'm holding a ton of cash for a bigger correction.....I've been feeling it....I still think it's going to happen.

[OleMan]

Originally Posted by BadThad

Coming off some cash now?

You're buying when I've been moving to cash. LOL I keep getting the feeling the market is running out of gas. I'm holding a ton of cash for a bigger correction.....I've been feeling it....I still think it's going to happen.

I missed the boat, so it seems..

[BadThad]

Originally Posted by OleMan

I missed the boat, so it seems..

Nah, I know you have plenty of cash waiting on the sidelines. As long as you're collecting dividends and playing smart you'll be fine. Just be sure to set some stops just in case.