RE:RE:RE:DGS Announces Successful Overnight OfferingWe are at a top, but what we don't know if this IS the top? No one alive has lived through a pandemc and we will likely see monster record GDP gains into the 2H of this year with a continued strong economic global recovery into 2022-23. Eventually we will hit a top, but it could be at a much higher level than here.
mouserman wrote: Well for sure a positive is that it improves liquidity, but buying at or near a market top, does not provide much room for capital appreciation.
SO far today the stocks in the portfolio are doing really well, BUT, there will be the inevitable underwriter selling in the week or two upcoming.
Actually a bit surprised DGS held up so well in light of the offering price...
I wouldnt rule out some selling later in the day, and then intensifying in the next week.
However that will be dependent on the markets, today financials are VERY bullish with the CAD banks reporting some great numbers. I see big dividend hikes and buybacks in the future for them.
Bully88 wrote: Hey all DGS Longs,
Question.
With thie overnight offering.
How does this position DGS moving forward.
Is this seen as a positive move by them?
How will the proceeds of this offering be used in terms of growth?
do they use the money to buy more shares in their portfolio?
Thanks for your input as it is very much apprciated.
Cheers,
Bully