Dear income investors, you hit a home run with HGIC, Harleysville Group a small insurer that I profiled on May 30, 2011 see original post on HGIC.
Yesterday, Nationwide announced they will buy Harleysville Group and the stock price jumped to the high $50's. Today HGIC is trading at $58.90. I cannot predict the future but I like to lock in gains will set a stop at 10% below $58.90 or about $53.00.
Remember, there is always another stock to buy and this will fill your coffers for the next income investment.
Good income investing.
Very Truly Yours,
TheMoneyMadam