RE:RE:Exdivvy date profittaking and maybe overvalued ...alkhor wrote: Still, income investors are buying FFN for the 20+% return. There is a good chance the divvy will remain for the foreseeable future.
I bought at $3,75 and I am wondering when to sell. It is concievable this will climb to $10 so when do I take my profit, remembering I am getting over 11 cents a share per month while I wait.
Mouserman, you're posts have been great, please keep up the outstanding work.
YES it is quite likely that FFN will remain above the 15$ threshhold. The banks in Canada reported great earnings this week, but the runup has been huge ahead of those earnings reports.
THE US ones however are calculated in CAD, and when the USD drops vs CAD, the resulting effect on those banks , is a lowered actual price for calculating NAV.
THE USD has dropped just over 1% since the 12th of FEB, was down more early on today, but has recovered,. KIND Of normal when we see a correction in the markets, for some to chase the USD for safety.
I sold of all my FFN yesterday at 6.65 ... as it is normal for the stock price to take a dive and traders sell on ex divvy date and after. Probably some stop losses get hit. But will revisit it if we see pull back to a value under 10% premium.