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Raven Industries (RAVN) Down 10% In One Day
Posted on | August 8, 2011 | Comments Off
Pretty large drop today in one of our dividend stocks. Raven Industries (RAVN) took a 10% hit on a day when the Dow dropped 600+ points. Stocks are getting slaughtered right now (last 5 days have been crazy) and it’s tough to find stocks that don’t get brought down with it. This is what we want though because it brings better buying opoprtunities.
Honestly, I’ve been waiting for lower prices in RAVN for a while and we’re getting much closer to them. Anything under $40 is a buy.
Stocks may do a slight rebound after losing 1000 points in three trading sessions, but I think we could head somewhat lower still in the broad markets. Might be time to start nibbling at these stocks.