When the stock market doesn't behave the way you'd like it to....
Since I like to buy shares of companies which I like to use myself, I have $WDFC (+3.19%) on my watchlist for a long time. Today was ex-day and I was planning to finally get this little dividend pearl with a nice "dip" from dividend discount and sell-offs to 2% dividend yield in the depot. 2% isn't a hoot but the dividends are rising regularly and I'm investing for the loooong term.
What happens? The share price goes up! 😬
Now it's back to waiting and quoting the great Buffet:
"The successful investor has a great deal of patience, he buys far below fair value and sells far above fair value."