Dividend Machine for Week of March 5, 2012 Nucor (NUE)
The market is weak today because of lingering international fears. We have the Greek debt crisis, Iran and Israel, and we have reports that the global economy is slowing. While it is counter intuitive to think that traders will pay you for a covered call when news is bad but sometimes traders see this as a chance to get in cheap. They do not buy the stock, they buy your call and have to put up only a fraction of the capital necessary to benefit if news improves. When we can get this kind of action on a dividend machine, it is a good opportunity for income investors.
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I like this investment as the dividend machine for this week.
Very Truly Yours,
TheMoneyMadam