GREY:CRIUF - Post by User
Comment by
hpjtv77on Feb 21, 2019 5:20pm
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Post# 29396712
RE:RE:RE:sold a bunch today at 8.95
RE:RE:RE:sold a bunch today at 8.95Thank, had cold feet when it dropped to below $4 back in December... oh well, you win some, you lose some. At least I made $3k profit from those 34k shares plus all the dividends :)
GLTA
deisman03 wrote:
This has been going on for close to two years. It even FOOLED PROFESSIONAL ANALYSTS for some rather large brokerages.
The short scenario was obviously a ploy that is now becoming obvious. The perpetrators of the short included an analyst group called SEEKING ALPHA. They may not have been complicit in this but they certainly jumped on the wagon in a hurry.
Don't feel bad. I got out at the $7.50 point. I had slightly over 70K units with an ACB that was well below that price. Profit is profit. Crying over the profit that got away is understandable but debilitating if you dwell on it.
I went back to mostly trading, rather than collecting distributions. I recently bought into another oversold trust which has gone up in value and maintained the distributions I'm used to receiving but with some very nice cash gains on the side.
There are other good opportunities out there. Look for them.
Again, congrats to those astute enough to see this scenario happening.
I will admit, I got cold feet and jumped at a guaranteed profit.
GLTA the good folks here.