TSX:CUS.DB.D - Post by User
Post by
pm1231on May 08, 2014 11:49am
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Post# 22538921
This Is Why....
This Is Why....you hold long.
Now - this is not an "I told you so" email - but more - no body has a crystal ball to forecast price moves. The ONLY certainty one does have is thier convicition that you have purchased a discounted asset at a really good price.
As for the current price move - I have seen the is pattern before.
a) Bad news annoucned - massive selloff by those who can't stomach any losses.
b) Bargain hunters bid the stock back up
c) One of two things may happen - which NO ONE can predict
i) Price may level off end of day - and start a slow - eventual decline back to today's low of $4.25. Why? In the absense of any new news - those who bid the stock up might eventually sell.
ii) Price may actually increase from these levels since the fear of a dividend cut is removed - and to an earlier posters point - the focus now becomes fundamentals on dividend cut.
Which one will materialize? Who knows? Who cares? I'm not a trader. I am an investor with a long term holding horizon. This is the ONLY strategy that pays off - and made investors such as Nawar and myself relatively wealthy.
a) Buy at a price you feel is good - no matter the market price
b) Sell at a price you feel the market will get to at some point within YOUR time horizon
I still scratch my head how prognosticators think they can beat the market by trading swings....over the long term - its a losing game.
Good luck.