SSE has been a core part of my share portfolio.
It currently yields over 5% and on yield consideration would justify an sp of 1400 or higher.
However, it has had a good run lately and the graph and technicals indiate that a retracement can be expected shortly .

MNAMREH: I am expecting further price weakness but not as heavy as to take it back to 1200 . My focus is on the price level in mid-june at june option expiry.
Most of my shares were bought @ around 1100 and have seen good gains. I don't expect to be able to buy any more at those price levels .
Buying via options @ 1250 in june and collecting the divi soon thereafter seems the next best thing. It requires patience to make the right move at the right time .

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Mn: Indeed. Anybody hoping for a quick or big capital gain from SSE will have been disapointed in recent years .

However, I value this company for its defensive qualities, producing a steady income which I manage to enhance by associated option trades with total return above 10%.
Capital gains if and when they are achieved are an additional bonus

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Mn: I don't give much credence to analysts and their forecasts.

I don't expect SSE to drop as low as 1225 before mid-June. If it did , I may feel tempted to top up. I think the sp may firm as the ex-divi date and next juicy divi approach . The latest share price moves indicate that it does not give up ground easily.

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I had another close look at the graph and technical indicators.
It appears the steep rise since mid-march has come to an end short-term and as I said in my header it looks as though we are in for a retracement.

No re-tracement as yet in sight but the steep rise has to come to an end some time.
I suppose the prospect of the juicy divi will keep a strong support in place . I don't expect it to drop back below 1250 before August .

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Even after the steep recent price falls (following Red Ed's intervention)
the 2011 price levels mentioned above on this thread look attractive.
Long-term investors have had a good run with SSE when taking the good dividend into account.
At what price will SSE stabilise short-term ?
I hope above 1400 since I have share and option exposure to SSE .