RE:RE:What happened to all the so-called long term invetorsHey Dean
We definitely do generally think along the same lines. The big difference is that you are a total return investor and I'm an income investor.
I never sell something with the thought that I will buy it back later. I only sell if something signiifcant changes with the company.
You seem to really do well with your buys and sells but I think you are quite rare in that regard. I think most people that follow that strategy end up getting it wrong more times than they get it roght. It allso generally introduces a whole new level of stress.
Congrats on BCE and all your previous successes. What do you figure your batting average is on good vs bad sells/re-buys?
Take her easy
Sarge
DeanEdmonton wrote: Sarge - good to hear from you. We are usually on the same page but this time, I am REALLY glad I sold off most of my position at $64. Quite happy buying back most of it in the $48 range. I like the dividend yield like I posted earlier, but I sure don't mind picking up stock at a $14 discount.
SargeX wrote: I really find it quite amazing that so many people that say they are long term investors are fretting so much about short term stock prices. Unless you are a short ter/day trader, who the heck cares what the algos/shorters/etc are doing.
As a "true" long term investor, I only care about what BCE does in the next 10 years or so. I am really confident that BCE will adjust their business model to fit the factors like the CRTC silliness.
Time for lots of people to just chill out.
Ciao
Sarge