Buying a blue chip for the dividend return, same reason a lot...

Buying a blue chip for the dividend return, same reason a lot buy CBA for $50 PS......Don't recall many posts @ $10 for CNP warning people not to buy.....Hindsight is a wonderful thing....Stating the bleeding obvious after the event seems to be a common occurance in so many HC threads...It's like charting, "diamond formations occurring" time to Buy, what a load of bo..cks, the market delivers the charts, the charts will never deliver the market......CNP fundementals WILL see the SP @ or around $1.20 PS in the short to medium term and that is not because Mars is in line with Jupiter...Ooops wrong chart...or is it !!