RE:RE:RE:RE:RE:RE:Big fave, but I sold..."As far as ALA it doesn't matter at all to me if you want to sell " False. You replied to my original post and pronounced it a big mistake. Twice, actually.
"My outlook is obviously longer as you sold and I have not" - False. I announced my intention to re-buy quickly, hoping only for a minor dip, in the very first post. There is nothing whatsoever you can deduce about my long term outlook for the company from that.
I have owned Brookfiled Asset management for about 5 years. I sold it once, about 3 years ago, and rebought it about 12 days later for a little less, seeing what appeared to be an opportunity. Despite that 12 days , my long term outlook for the company's prospects has never changed from day one. You have been woefully unable to make that critical distinction - between day to day price fluctuations in a stock market, and a company's real world long term business prospects. Even if I had been wrong, and had to buy it back for a little more, it wouldn't make all that much difference percentage wise at this point. No "big mistakes" to speak of.
And just for fun: Lets say you hold on to ALA for 10 years, and it goes to $94, double what it is now. Lets also say I decide never to buy back in, and buy some other company's shares next week, hey, for $47 even. Lets say I hold them for 10 years, and they go to $250. Was it still a "big mistake"? The point is , concerning "long term outlooks", how do you know
in advance whether I've made a "big mistake" or not, no matter what my intentions? By consultiung these astrologers you speak of?
"I am not willing to take a chance of a possible downtick and sell as you did and then the downtick doesn't happen and then I miss out on the upticks and dividends" . Couldn't you buy back in at any time? Even 10 minutes later if you felt like it? Who says you would miss out on anything? All these dramatic assumptions. If I don't get my downtick, I guess i'll have to buy back in without one. Thats OK - cuz get this - I like the company's long term prospects -