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Bullboard - Stock Discussion Forum Dividend Growth Split Corp T.DGS

Alternate Symbol(s):  T.DGS.P.A | DDWWF

The Funds investment objectives are to provide holders of Preferred shares with fixed, cumulative, preferential, quarterly cash distributions and to return the original issue price of 10.00 per Preferred share to shareholders at maturity; and to provide holders of Class A shares with regular monthly cash distributions, targeted to be at least 0.10 per Class A share, and the opportunity for... see more

TSX:DGS - Post Discussion

Dividend Growth Split Corp > DGS share price move higher and take profits $6.50
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Post by pulcan on Aug 03, 2022 5:23am

DGS share price move higher and take profits $6.50

hi all,  DGS had a set back yesterday with the US making more media on China and Pelosi as this does hurt all stocks. However, DGS did very well for another entry point over $6 and this does not change anything going into this week or month. You must take porfits regardless if you bought in around the sell off of $4.80 last month. This stock pays a very high dividend and the stock made the big announcement last month on the payout once we hit $5 a share. So you must also think about DF stock as we are in the same move from quadravest. For now expect a recovery from yesterday set back and today we have targets again back to the $6.57.  See the BID vs ASK below and the 52week high $7.35 on this stock and we have been around the $7 range all year. So that is your proof as to much higher prices we can go. But, we must take profits if you bought in around or under $5. This was a share price play also.
cheers see below $6.57 is the high asking price.

Level 2 Quote

Level two quotes - Bid
Number of Shares Bid Price
 
1,600 shares
1,600 6.150
 
200 shares
200 6.130
 
4,200 shares
4,200 6.120
 
4,100 shares
4,100 6.000
 
800 shares
800 5.960
 
1,500 shares
1,500 5.900
 
2,100 shares
2,100 5.800
 
500 shares
500 5.780
 
1,000 shares
1,000 5.770
 
1,000 shares
1,000 5.750
Level two quotes - Ask
Ask Price Number of Shares
6.250 5,600
 
5,600 shares
6.280 500
 
500 shares
6.300 3,100
 
3,100 shares
6.380 5,200
 
5,200 shares
6.390 500
 
500 shares
6.400 900
 
900 shares
6.490 4,800
 
4,800 shares
6.500 7,300
 
7,300 shares
6.530 1,000
 
1,000 shares
6.570 1,900  
Comment by Larry50 on Aug 03, 2022 1:49pm
Sell for a profit always sounds good, but why would you recommend selling now, while at the same time saying the price will hit $6.50 and almost certainly go beyond $7?  Ideal situation would be to sell high and buy back low but if you sell now, take a tidy profit but lose additional gains and are unlikely to be able to buy back at a reasonable price to obtain the great dividend.  Just ...more  
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