Waiting For a Fat Pitch

I think one of the hardest things for an investor (and me) to do is to wait.  When you have some cash in hand and you see stocks that you had interest in going up, it is difficult to wait.

I have sold a fair amount of positions lately, so I am sitting on a relatively large cash position.  Waiting for a fat pitch.

On February 11th, I made a listing of 11 dividend stocks to watch.  Since then, I have bought three of them (FCX, CIM and ABR).  I am waiting and watching the other 8.  STO is getting close to where I might pull the trigger, but all the others still look too high.

After GA's earning this week, it is also on my watch list.  I thought they were very solid and I love the idea of the 42 cent dividend and then semi-annual dividends going forward.  I have not yet decided what price I would buy more at, but probably in the $6 range.

Stock	Amount	Yield	Dividend	Current	11-Feb	Change
Total	300,000	5.8%	17,446
CIM	15,000	12.1%	1,812	2.98	3.06	-2.6%
O	15,000	4.8%	713	45.65	43.63	4.6%
STO	15,000	3.9%	590	24.93	26.19	-4.8%
PRE	15,000	2.9%	430	89.24	89.00	0.3%
FCX	15,000	3.9%	587	31.92	35.33	-9.7%
INTC	15,000	4.3%	647	20.88	21.03	-0.7%
CSCO	15,000	2.7%	403	20.86	21.27	-2.0%
SAI	15,000	4.1%	609	11.82	11.99	-1.4%
PSEC	45,000	11.7%	5,265	11.16	11.35	-1.7%
PM	45,000	4.0%	1,800	91.75	90.35	1.5%
BX	45,000	4.0%	1,800	18.90	18.11	4.4%
ABR	45,000	6.2%	2,790	7.92	7.17	10.5%

Here is the table of the 11 dividend stocks I am watching.  The ones highlighted in yellow are the ones I bought (ABR at $7.19, CIM at 3.08 [clearly I did not wait long enough] and FCX at $32.12).

I do believe it helps to make shopping lists and even to put in buy orders at certain prices in the event of a flash crash.

Happy March 1st everyone!