SargeX wrote: Hey Red
Good one and pretty funny especially because Vega did a huge deep dive on pure renewables right near the peak and loaded up on NPI. BLX, and INE (and probably on margin).
I will definitely admit that I was very wrong on ALA. Crawford has done such an amazing job. As I said a while ago, a big congrats to all the dedicated ALA holders especially Johnny,
He was right
and I was wrong,
and in hindsight,
I should have stayed long. :-)
Of course, being the half-full kind of guy that I am, I will PARTIALLY rationalize it with a bit of twisted logic. At the time, I sold ALA, I was trying to keep a similar allocation for our 4 main sectors - utilitiies, midstream, banks, and REITs. I saw CPX as a good buy and thought it was time to dump ALA after all the grief it had given me over the last 5 years (first 5 years were great). We sold our ALA at an average of $17.75 and bought CPX at $29.07. Since then, ALA is up 38.7% and CPX is up 32,7% so ALA has out-performed.
In hindsight, the CPX buy was a very good one but the really smart thing would have been to keep all our ALA as well. This is especially true because shortly after that. I came to the realization that the pure renewables were HUGELY over-priced and sold all our BEP.UN and 60% of our NPI at the start of the year giving lots of extra cash. We did put most of it into midstreamers and banks so have done very well BUT the perfect scenario would have been to keep ALA as well.
Anyway, it was dumb of me to sell our ALA but I will be the first to say that it's nowhere near as dumb as the moves the great and all powerful Vega has made. :-)
Take her easy
Sarge
Red_Deer wrote: Hey VEGA__Gone AWOL on ALL of US eh !!!!!!!!!! ????????
Here is YOUR Last POST May 19th
WoWee__Did YOU Ever CALL THIS WRONG eh !!!!!!!!!!!
Vega1357 wrote: RAWCOLTY wrote: I wish you would stop.... I have listened to you for over a year now always spouting stupid investing advice to get people to switch out of ALA into either NPI or BLX... Why don't you just do everyone a favor and go away!... YOU WERE WRONG AND CONTINUE TO BE WRONG!
Ala still trades tremendously cheaper (P/E and C/M) than both of your loser picks. Ala just came out with incrdible results, which I saw coming, and you want people to switch out... The targets are going to go higher for Ala, there is a lag effect where Analysts don't like make sudden large Target price upgrades.
Everyone ignore this advice... Ala is almost as cheap now as it was over a year ago when I loaded up around $14.00.
Ala will be well over $30.00 a year from now...Bet on a sure thing. As Government Budgests get pinched trust me the last thing they are going to spend on is more unaffordable Boon doggle Green energy Projects... Not going to hapen.. They lie, they are busy fixing the enormous wholes in their Budgets to pay off debts and their Teachers Unions.. Natural gas and even Coal, believe it or not, will be the net winners. They just won't let you know... Keep the Sheeple in the dark and feed them manure. It happens almost every single recession.. Just look at the coal price trendes durring recessions over the last 100 years.
Hey dipstick, BLX bested ALA for the second day in a row being up 2.7% today vs. only 0.4% for ALA.
I WAS RIGHT AND CONTINUE TO BE RIGHT. Perhaps you'll be smarter in the future and start taking my advice.