RE:RE:RE:SoldQ: You're correct on the size of my position.
I believe I will get a better entry point that's all there is.
ENB had a nice bounce from $48 to $51 (using somewhat round numbers). Can ENB keep the momentum and go up to $54 or more in this cycle? I don't think so, but who knows.
We've been holding ENB for a while and we know how it fares. I am not in it for the div anymore, and I am not afraid to trade the stock >> buy on weakness, sell on strength.
ENB has been good to me. However selling FB to buy more ENB was a bad move. I would have made more than triple gains if I would have hold on FB.
No regrets here. As Fantome use to say "The market is always right". So the market may prove me wrong.
If ENB jumps $0.9 to $1 by week's end I will sell my entire position.
I chose to increase my cash position and I will sit and wait. I did not sell just ENB. US banks too in bulk. Discipline is key ... I believe a storm is in the making, and if I am right, I will be able to grow my portfolio.
GLTA ENB longs
Quintessential1 wrote: That is the second time you halved. So are you running a quarter position now?
I am not considering trimming until after at least one earnings report after line 3 starts so early December maybe but even then I am not sure that I will be able to reaquire that kind of dividend yield in the market again. Especially with a proven winner like ENB.
I can't believe I am saying this but GLTY
Go Enbridge! ;-)