RE:RE:RE:ENB: Be Careful With New PositionsSILKOS - If you traded this heifer before the ex div, then I have to take my hat off to you for your timing, and a fantastic trade. Great move. For those of us that sat and did nothing, our 83 cent dividend payout cost us 6 and a half bucks in share value.
Another 5'ish % drop, and whamo, ENB's at 45, and I totally think it could happen. Remember, sprint on the way down, marathon on the way up with ENB...
Silkos wrote:"It's not just that ... Debt ceiling drama will hit again soon ... the same soap opera that drags the markets down time and time again.
Look at the market as a whole ... most stocks tanked. Meta dropped 10%. Oil producers tanked. If you have $$$ buy GS or MS. Goldman Sachs makes a lot of dough during these times. They proved it again and again.
Regarding ENB, don't expect anything our of the ordinary anytime soon. You know this stock as good as anyone here. You monitored it for years. You should know when to sell. When to buy. At $46.5 it's a steal IMO. Not sure if it will hit $45 but I may get all in at $46.5 if I get the chance. But then again, depends at the time where the market will be. What if there will be better options?
As I mentioned before, you have to trade this sucker. That's my personal conclusion. Or you can wait only for the div and play the (very) long game of dividend income. I know that there are some members happy to collect the div. Truth is ENB has been lagging vs all my other holdings.
GLTA"