RE:RE:RE:RE:BIR Current Fair Share ValueHi Robert well done and good classic trading strategy while the sector remains strong overall especially with company's that have proven reserves 20+ years out.
Commodity prices do and will always rule the day for now yay lol.
An example where I differ from one on my associates on some stock opportunites. I mentioned I3 Energy a while back a Brit company with excellent holdings and growing production in Alberta's hotbed.
This company is an easy double from where it is today on theory of a buyout alone. Growing but a management team that is a little scatter brained lol. Pays a monthly div but trades in penny's as do most English stocks with in this case ridiculous public floats 1.2 billion shares=really?!
None the less my counterpart owns his position free also about half 50k and collects about $50 a month in dividends, nothing wrong with this while there is still underlying value to be realized from where it currently is at .35.
Conversely I have been more agressive with this stock buying/selling the swings as they materialize working with 3 or 4 times the amount he currently holds for free. The technical charts various time frames I created have been very accurate for determining buys and sells starting for me from .17. as there production continues to grow.
In the same amount of time he has realized about $900 in dividends (18 months and has a debt free stock holding of about $17500) of which in fairness i have caught a few of the divs but in the same amount of time have realized over $33000 in profits with the buy and sell philosophy. (I currently hold 150k of these at .335 (50K invested) so in the green currently.
Nothing wrong with either trading philosphy but if all things remain equal for chits and giggles for another 18 months who is farther ahead again in terms of return? Currently to make up the difference in profits at $50 bucks div a month it would take 24 years if I owned none now and he did nothing.
All in fun but to speculater but we all know the old adage "make hay while the sun shines" cheers and Merry Christmas!