RE:RE:RE:lets get above $21 and never look backbullterrier88 wrote: The trouble with this REIT in particular is that a lot of small investors were sold a bill of goods by the major banks and (FOOLish) investment advice outfits, and these small investors are fleeing in droves now because they can't handle the volatility. Just wait til the U.S. Fed finally does raise rates in Oct or Dec, and then add in the year-end tax loss selling, and then we'll maybe see the bottom.
Well whatever the reason D.UN is getting hammered, I agree with you about buying now is foolish. I sold out of all my stocks back in May, and targeted 2nd-3rd week of December as my next buying opportunity. Since we are so close to tax loss selling in December, & maybe October corresponds with the next leg down in the general markets, it doesn't make sense to long yet. Maybe in mid October if the selloff is steep or December. If you hold shares, keep them, if you are in cash, wait a bit longer.
The indices nicely sold off today, Dow & S&P500 & TSX.