RE:TANKINGYou keep referring to the tax loss selling that is going to come in December...that is quite telling of your position in Dream actually....the share price has actually increased since late December of last year and is sitting around its 52 week average, all while paying out roughly 10% in dividends.
With all of your market timing attempts, you are probably the only Dream shareholder that has lost money over the past year which is why you would think there will be tax loss selling.
Personally, I exited my stake roughly 18 months ago after it bounced back to $28.00 share from $24...my ACB had been $29 so I got out just in time with a small loss after I saw what the oil price was going to do to their income stream-I wrote about it on this bullboard at the time. At the time, I sold Dream despite seeing all of Snakes posts promoting Dundee REIT and pumping it incessantly. I ignored Snake then and saved myself a fortune while he lost a big chunk of his inheritance. I re-entered my position roughly a month ago at $16.78/share and plan to hold it for the next 25 years...I am going to ignore Snakes epic trading skills again and do quite well.
If OPEC fails to come to an agreement because Russia refuses to cut production, we are going to get back into the mid 16's or lower because Saudi Arabia might want to make a statement. That is okay with me, I am playing the long ball at these prices, if OPEC comes to an agreement...Dream will be at $24.00 in 12 months. Everyone here keeps trying to value this company based on NAV and AFFO, FFO...that is missing the forest for the trees. Valuing these shares is all about oil at the moment, their NAV is inextricably interrelated to to occupancy and interest rates. Snake isn't wrong in that there is real risk here...but it is an acceptable risk given the the potential payout of a rising tide in western Alberta.
Happy epic trading Snake :-)