Dynegy (DYN) stock took a massive drop after it reported paying off debt, but then took a nice rebound. I waited for the stock to drop rock bottom, then make its way up. I have a limit order for 220 shares of Dynegy at $4.65, but unfortunately the market is on a holiday schedule.
Dynegy was also upgraded by several firms to $5.10
I plan to hold Dynegy for the longterm, so I may sell a few shares if it reaches that target, then buy it again if it goes lower. This was I can keep the stock longterm, but extract some profit along the way.
Dynegy looks like it’s back on track and ready to make a rebound. In the short term I still think the stock will be shaky, but 2+ years everything looks alright.