RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:sell then come back?So bought back in at an average of $7.10 with no divy gained about 2/3 more than the divy.
I hear what you are saying about the stress and FOMO not being worth it but it could have been much worse as you could have missed out altogether so welcome back.
It looks like pottsy faired better managing 5 or so times the divy and back in cheap but you do have to be ready and watching and then it becomes a job which is ok if it is your job but if it isn't then it becomes a job you didn't want.
Thanks to both of you for running the experiment for us and your honest accounts of how you faired. I swung this stock last year for good gain of about 35-40% and then spent a few months waiting to get back in at my original buy price (not the low either as it turns out) in the hopes to maybe do it again but I just haven't seen the same spike in commodity or share prices. I have been collecting over 10% in yield to wait for what I am sure is coming.
What I suggest may work better is what I see a lot of others doing and that is trading around a core position. Buy a comfortable position and then have an amount to buy again(1/3 to 1/2) and average down on dips and sell on spikes lowering your core ACB and getting some extra cash when selling the spikes while always getting your div on the core. Especially when commodity prices have been volatile like they have been. Picking the bottom is hard but knowing when the share price is lower or higher than your ACB is not. Again it may seem like'a job you didn't want but maybe with less FOMO?
Thanks again and GLTA
vwbusman wrote: So - update on selling at $7.20 and waiting for a dip. Bought back in three blocks at $7.06, $7.09 and $7.15 - I was not able to catch it when it just dipped under $7. Was it worth doing? Would probably say no - I would just hold next time. I did miss out on the dividend and did not really enjoy the stress of trying to figure out the best entry point.
Long story short - all things are looking good for Cardinal with oil over $80 WTI so will probably sit back, relax and enjoy the divies.