RioCan Real Estate Investment Trust T.REI.UN

RE:RE:RE:Now that was indeed entertaining

[Shirtlessnomore]

Thanks sarge on all accounts but before that pat on the back we shall see what happens on monday, if this goes up shame on me and if it goes down then I did well. It's like the old hero or zero lol. but if it goes down I'll prob buy a bit to add to my core here, also it was my dry powder so I dont like that tied up, i try to sell with no regrets, when you push the button it's done but having said that many are under the perception that when you sell "you might not get back in" I say you can always get back in, if its for 30 cents more who cares as long as theres value then so be it. I can say without the trades I've done I'd be lucky to be at break even since the march madness so something to be said about doing some flips. This thing was about as easy as clubbing baby seals, they announce div cut and guarentee drop resulting in oversell and then a bounce, i will say I was banking on 2 buys one cheaper at 15.50 but that didnt happen and was maybe a pipe dream, cheers buddy and gl ..

SargeX wrote: Hey Shirt

First off, a big congrats. There's almost never a "perfect" trade but yours is as close to perfect as a guy would ever want. Anyone that made a $1 or more profit in an hour or two has obviouslt done incredibly well!!!.

I have noticed and enjoyed your posts and have seen that we do have a fair amount in common.

Great work!!
  Sarge

Shirtlessnomore wrote: Hey Sarge I wasnt quite fortunate enough to hit that low but got 16.40 and sold 17.62, I noticed we were trading HR.UN around the same time as well, it was a fun day for sure, good luck going forward. Cheers! ..

SargeX wrote: As an ex-holder of REI (sold at $25.78 in mid-2017) and already having my trading dough tied up in other trades, I was just a spectator for this morning's action. All I can say is that it sure was entertaining.

As I posted yesterday after the cut announcement, if I had extra dough for a trade, I'd have my finger on the trigger right at the open. Turns out it was spot on and congrats to a number of posters that absolutely nailed it with buy prices around $16.25-16.35. I also noticed that some quickly flipped it for a very nice profit.

This has really re-inforced my observation that in today's market, there is almost always a HUGE over-reaction to a negative announcemet. I actually blame it on the totally dumb automated trading. I really think their algorithms are f*cked.

I also agree with all the people that are hammering on Sonshine. Total slime ball. I saw his BNN interview back in May and he was sure acting totally smug and going on about how safe the dividend was for a superior compnay like Riocan. Total lying sack of sh*t!! 

Anyway, lots of great posts on this board since the announcement.

Ciao
  Sarge