RioCan Real Estate Investment Trust T.REI.UN

I'm tempted to buy a lot more shares to lock in the 9% yield

[Kenneth9]

The market usually does the opposite of what you expect, so with the potential announcement of a full lockdown in Toronto, or at least many more restrictions, RioCan shares might just shoot up, and the almost 9% distribution could be gone forever. I might just bolster my holdings with another $250k worth of shares.

[CANCDN]

  yes hard choices.. but then in March this was fine and than WHAM within 24 hours everything changed. I am not buying at this point personally and I am expecting some weakness as the USA and Canada are going to have no choice soon based on trajectory in the USA they will be at 500k cases in about a week.  Trudeau press conference today says he is pressuring for more restrictions

[Kenneth9]

I decided to buy, I added another 15k shares. I could very well be wrong and this could plummet back to $14 once the lockdowns are announced, but I just wanted to lock in that almost 9% yield. It's a gamble, but nothing is certain in the stock market. Regardless, I'm still very happy with my purchase since it's still near historically low prices and there's not many other places

[thenewsnake]

I don't know if we'll go up or down from here, but I agree that the market has a mind of it;s own . We could easily go back to $13/$14 or surge to $20 next month.

[SeekAlpha81]

I agree it's like a lottery ticket at this point

[BlueGuitar1]

We usually don't win with lottery tickets.  IMO, we are going into another major lockdown.  It doesn't make sense.  I guess the virus ends its shift after 10:01pm.  And locking gyms will only make people cluster at earlier times.  But the high numbers are very high.  BTW, Elon Musk Tweeted that he had 4 Covid tests and 2 were negative and 2 were positive. 

[CANCDN]

im at a point where I feel I should just liquidate and wait this out another month or so. Ford was clear today, we are staring down another lockdown... it's inevitable, it's BS but inevitable.  man what to do. We do have Moderna news coming, but man the US reits dropped back 20% in less than two days after Pfizer. Market is hiking up RioCan today which is good...  

[Covidruinedme]

please sell and buy back I'm 14s.

[CANCDN]

sold...  my avg was 14.58... will buy back if it dips or start back up in January even if it is trading higher. Still my favorite holding but this is a complete s hit show in Ontairo and is at no fault of RioCan.  even if I get back in in the 15s i will be happy, but having a large investment on the whim of a government that flip flops everyday is pissing me off.  

[BlueGuitar1]

I think that was a smart move, CanCDN. The vaccine won't be out until Spring 2021 and old people will get it first.  Confidence will be low going forward.  I'm going back to food and gold. 

[CANCDN]

  yeah I looked in huge gains, but this pains me especially seeing positive action today based on who knows what. We will get a pop when Moderna announces (or is it baked in?) but these retailers are going to LOOSE Christmas!!! That is a big problem. screw the Ford government and all the public health experts.  I can't believe how much has changed in 24 since that Ford

[Covidruinedme]

good, so you are compelety out?

[CANCDN]

yup... feel like s hit for doing it... but the way things swing around this province, we will get an announcement on Sunday afternoon of a full lockdown... you can't even anticipate what's going to happen since it changes hour by hour.  very disappointed   

[Covidruinedme]

ugh that sucks, at what price did you sell today

[CANCDN]

  16.30 mostly and I think some at 16.29 and 16.28. im crushed that I had to make this choice. Monday the call will be in. Full lockdown in the GTHA except school and work... but work won't include any service or retail other than Walmart's etc.  I know we're backed by the government, but many businesses can't wait any longer. Still no money out the door. How

[Covidruinedme]

you are an emotional investor, that's why a few days ago everything about riocan was positive and now its negative. Try using your brain instead of your emotions.

[CANCDN]

sure, if following my gut on the feeling of the market is emotional than sure. It's made me independently wealthy including this 140k profit. Going from the government saying no lockdowns and literally two hours later the health team saying nothing less than a full lockdown will result with Ontario being France changes the investment fundamentally especially when I have a million plus margin

[CANCDN]

  and yes I will be eating a GIANT bowl of crow if the positive Modena news causing a major gap up!!!

[Sapho]

We shall know next week. Trump was quite confident for mass production by new year  Does Heatlh Canada needs to approve the vaccines? 

[Covidruinedme]

your return is garbage if you had put the same amount of money in any stock you would ha e have 3x to 6x of that. You would have made more money If you have put that money in bpy hr sru or pretty much any other reit. So I dont know who you are trying to fool by saying 140k profit because % you pretty much underperformed everyone lol. You held through months of flat and down trading with the

[Lacas24]

Well said. Finally and intelligent person using his brain.

[CANCDN]

umm you newbie, go back in my history.. I sold out   RioCan back in June, bought BPY, it gapped up because of NCIB, I then sold and went back into RioCan at avg of 14.xx settling back at at avg around 14.5X. So 2, almost 20% returns on my taxable margin account at very low risk, I'm completely fine with anout 250k pre tax profit and about 3k of interest and trading fees. Unless someone

[Covidruinedme]

what lying sack of shet LOL I went through all your June and July and you've been long riocan the whole. Yeah block me. You dont want to get called out your lies

[Covidruinedme]

you lied about selling your riocan in June after checking yoir message history. Now you lied about selling all your riocan shares " for the sake of my regular account I hope it doesnt pull back " . Are you a chronic liar ? Now I cant believe anything you say anymore

[CANCDN]

  PS this thing gapped down multiple times in March  by 10%. Thats 120-130k for me.

[Covidruinedme]

yeah let's compare march to now. March : unknow virus, high mortality rate of 4%, no treatment, uncertainty about immunity, no vaccine, bad retail rent coverage, uncertainty about dividend cut Today: reverse all that. Think about it. Plus we broke the 50 if you understand what that means and we are trading around 200 sma. Means weak hands and emotional traders ade out and mostly buy and hold

[Sapho]

[BlueGuitar1]

[Sapho]

It is a big gamble.  38,000 $16.305 $14.96 $619,590.00 $568,373.87 +$51,216.13 +9.01% I can sell  and lock in gains and wait for  $12 or  $13 or miss the boat,  Vaccine is a wild card. Canada should have done much better with testing and policies.  We all knew Canada is one month behind Europe except our leaders.  Hopefully