microdol

Permian Basin Royalty Trust: The Cramer Effect

I keep reading about the 'Cramer Effect', I've said it on other blogs, and I will say it here: back in December (?) Cramer ALSO suggested buying into high-dividend yielding stocks, and PBT was one of the four he suggested: at the time PBT was around 15, and it went NOWHERE.

I know because I have been dabbling in PBT for about 6 years now, it's one of those 'hidden gems', I sold mine out at just under $25/share, and figured I would buy back in when (if) it ever got back down to around 10.
I was concerned because I was watching it at 15 - just biding my time, and I figured when he suggested it, that it would jack up to 18 or so, but it never did. It didn't budge. So now he suggests it (again), and it goes up 21%..... go figure.

At any rate, it looks like it is stabilizing now, I'll think about buying back in.