RE:RE:Added more LBS this amAnd again , i have been very lucky with my sells, last time i sold FTN the morning of the day they announced the offering. I gained nearly .80 a share buying it back in a few days.
Now i sold off 80% of my FFN holdings this am to buy more LBS, which i view as a better value, despite a lower yield. I am guessing i will be able to take profits in LBS ,and then rebuy FFN after the vicious selloff that will come.
mouserman wrote: Continued to take profits in some overvalued holdings, ones trading t a premium. LBS now has 9 of the 10 holdings up and MFC the only one down, and is down a whole 2 cents.
LBS approaching $ 19$ UNIT NAV, and some are selling it down aggressively. Have to take advantage of stupidity.
mouserman wrote: Couldnt sit back and watch this great split trading at a huge discount while others run.
So i sold some FFN and bought LBS with the proceeds. May be a mistake as FFN runs up and pays a huge yield, but i see FFN as nearly flat today, with many of their US holdings down, and the USD dropping adding to the losses.
Some people buying just due to FOMO. Not any logical reason to buy .Its not a bargain like LBS.