VZ _ The Trade of 2010

Verizon Wireless has been one stock to holds its value and it’s dividend rate through the major whipsaws of the last two years. With a avg. 6.2% dividend, I started purchase after the end of October. I repealed my position at 33.19 after taking the more than the annual dividend in price rise. The three white dots on this chart indicate my two entrance positions and then my exit. A 16% return in under three weeks. Much better than waiting for the dividend to pass.

I have the idea that the iPhone will release on additional markets in the near future, so I am keeping an eye on this company and might be around for some more investing in the near term.

Stay hedged, stay happy,

Margin of safety