TSX:EIT.PR.A - Post by User
Comment by
duskwon Nov 09, 2007 12:35pm
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Post# 13783952
RE: RE: Bottom Reached?
RE: RE: Bottom Reached?Right! In other words if you bought at six cents above the 52 week low you would be winning.
And if you bought at six cents below the 52 week high ($6.90) and received five distributions you would be down 18%.
Let's be realistic... I'm talking about November, 2006 - after the trust tax announcment. If you bought in the wave of panick selling, you'd be up 15% now. I suspect that if you buy today, in this new wave of panick seling, you'll be up probably 25%+ this time next year.
The point I'm trying to make is that right now, the previous year return is actually quite good, including distributions.
If you bought at the high of $6.90, now would be an excellent time to average down. But, people generally won't do that... instead of buying now, they're more likely to sell those shares they bought at $6.90 at $5.35, and will probably buy them back next year at $6.50 on the way up LOL