Gap filling strategy - PCI

9 Ara 2020

Do all gaps get filled? No, but sometimes it pays to have an order or two in, especially when the market is as it is - overvalued. PCI seems like a relatively decent instrument to harvest dividends over the long-term, but...as always, I want a better price. Not being overly ambitious in trying for the second gap, tiny position planned, but as always, I like to try things on for size before I start to build a position in earnest. 20.35 for a few shares doesn't seem like too much of a stretch, and we are due for a correction imho. More aggressive buyers would probably look to get filled on the gap down to 20.77, and if it appears, I might just get impatient and go with that. I am not looking for growth here, just another steady payer. Will start digging into the financials today.