RE:RE:RE:RE:RE:Higher volumestaythecourse wrote: Testomax, I got in the PP at $10 as well then bailed when it dropped like a rock and returned as SP started recovering, adding to my position over time. This stock doesn't owe me much so I'm lucky, I guess. I'm not a day trader and tend to hold as my handle indicates. Best of luck to all in 2018.
I don't day trade this trust's units but I will admit to selling off the units in my TFSA at least once a month and repurchasing lower. If you have the time to watch it closely, you can double, triple, quadruple what you would make in distributions over the period of a year.
My core position in my RRSP account I just let ride as the distribution is more than the monthly payout.
I will admit that I was very LUCKY to stumble on this trust back when it was in the mid $4 range. I loaded up and other than a few bumps which were pretty obvious in the 20-20 hind sight I'm blessed with, I have done very well. Much better than just about anything else I've stumbled onto.
I dabble in other things but this trust is my core holding. The only thing that has outpaced it have been a few stocks such as WEED and BLO. Even those I don't and never will buy and hold. I doubt they will ever pay a divvy. The thing is, momentum and sentiment are driving their prices at this point and I will ride the wave, getting in and out with every 10-15% profit.
This won't last. The cannabis stocks are extremely volatile. Even a hint of bad news and they sell off immediately. High risk, high reward.
Crius on the other hand is also risky and as flighty as the prevailing weather patterns. Still I believe it has enough cash coming in to maintain a decent distribution even if they have a couple of bad years in a row.
There is some here that believe JE may be interested. I hope not. They would only be interested in raping its cash and dumping everything else, including us.