SecondCor521
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
My rule of thumb was 5%. I never had a stock that breeched that limit, but I did pay attention to it when I was maxed out on my company ESOP and was holding lots for two years to minimize tax impacts.
Regarding the company being a solid company and a good dividend payer, that may be true. However, those statements also would have applied to Procter and Gamble in the spring of 2000 when the stock priced went from about $58 to $27 in about 8 weeks. (The company and stock did later recover.)
Regarding the company being a solid company and a good dividend payer, that may be true. However, those statements also would have applied to Procter and Gamble in the spring of 2000 when the stock priced went from about $58 to $27 in about 8 weeks. (The company and stock did later recover.)