RE:Called it. Lansing76 wrote: My post from January 21 (a bit of bragging, I was right that the selling was exhausted): Lansing76 - (1/21/2016 10:11:39 AM) Simple observation of $14 low Usually a trade at an even number such as $14 would trigger stop losses and collapse the price below that figure. In the case of yesterday it held. I see that as being a very good sign. As if the bears and shorts might be exhausted. The 16% yield also probably helped keep the buyers there Now my next predicrion: Oil is coming back, and due to the recent shift from surpluses crude to deficit I believe that we will see a multi year bull market. The rise in oil stocks proceeded this news, just like the fall in oil stocks proceeded the collapse in oil. Calgary will come back, but before they do, stocks such as Dream will begin to rise. I think we will see stock price closer to NAV within 18 months with or without buybacks. I think this recent fall was nothing less than a final opportunity for short covering. Alberta started the fall in Dream, and will be the main factor responsible for this REITs recovery. I have increased my position...now sitting on 46,000 shares and am very confident. My next post will be 18 months from now. Hopefully snake is long gone by then.
Whats the matter? couldnt afford the extra 4 k shares to make it an even 50,000 lol, I had 15k once and thought that was a lot... sheesh, wish I had 46k !!