RE:Deisman and the oversold trustSpartan8er wrote: Hi Pal,
The entire board would like to know your latest wonderful pick
as you did so well on Crius over 300,000 profit.
congrats again
I first started buying into KWH five years ago in the low $4 range and played the swings on it as well to accumulate more units. I very seldom used any of the distributions to purchase more units, until they went down to the low $4 range again.
All I can say, is this buyout has been going on for quite awhile. Very nasty/dirty takeover. Was management complicit???? Maybe. I wish I were more astute when it comes to investing. I kept crunching the numbers and kept coming up with a $9-10 price.
Because of the two years of hype, I lost my confidence that the unit price would be able to recover or that they might cut the distribution just because it may be popular. I've seen that happen before.
This whole thing was well orchestrated and I believe rumors of a buyout had trickled out just before the shorts hit it. I wonder how legal that was??? Still, such things are difficult to hide for long and once the lawyers became involved, impossible.
As for the $300K?????? More like $200K, not counting the distributions. Playing the swings brought my ACB down much further than I realized until I finally crunched the numbers. Didn't realize how often I traded this investment.
Yes, I have invested in HOT.UN and SOT.UN. I'm also going to play the swings on a few Marijuana stocks. The volatility is like a magnet but it's also vicious fast.
Congrats to those astute enough to see past the hype and believe in their investment plan again.
GLTA the good folks here