RE:SNAKE123: The World's Dumbest Trader?!I have been watching these posts over the past few weeks and found them quite entertaining! A few quick points and reminders...
1) The average number of reads these posts get is roughly 50...most of which are likely the same 10-15 people clicking on them multiple times. Anyone thinking that this is a soapbox from which to announce their short (or long) position in a way that will move the market is delusional. Don't waste your time! The purpose of this forum is to exchange thoughts and ideas.
2) Nobody knows whether this stock will go up or down over the next few months. Snake has a 50% chance of being right, and a 50% chance of being wrong. Given how strongly D.UN has correlated with oil over the past 18 months (it used to correlate inversely-higher oil=higher inflation=higher interest rates=lower REITS---now oil has gone so low that the correlation has actually flipped because extremely low oil= low stability in western Canadian oil companies=lower occupancies=lower rental income=lower REITS!)
Whether you go long or short shouldn't depend on whether you think you are an "epic trader", it is based on your overall portfolio allocation. Going short Dream, might make sense if you have placed a huge short on oil and don't want your entire portfolio to be correlated in the same direction, going long might make sense if Dream provides a stable income that complements the rest of your portfolio which is full of global income dividend stocks.
Anybody that thinks they are great traders and can see the future with full accuracy is not understanding the concept of investing and likely has no idea of the amount of risk they are actually taking! Some people shouldn't be allowed to come anywhere near their investment portfolio (or their inheritance).