RE:RE:RE:Nice Break out over a previous high.
Northforce13 wrote "...There's a high probability that you will get that sinking feeling one gets when one sold too soon."
Not really.
I am an old man (75) with a high level of discipline towards diversification. Whenever a position becomes a larger percentage of our overall portfolio, it is reduced.
My wife and I consider MRC, MRT.UN and MRG.UN as one position (Morguard). All three have been hitting new 52 week high almost daily. The overall position had to be reduced and we decided on selling MRC since the two REITs pay a higher distribution.
No regrets. And yes, I expect MRC may reach $200 again within a year or two.
In the meantime I see a stronger possibility of MRC making a (share diluting) move to acquire all units of either MRT.UN or MRG.UN, both trading at deep discounts from "true net asset value".
Time will tell.
PS - Some of the proceeds from our sale of MRC were invested in another real estate residential REIT: ERE.UN. Motive is diversification in Europe.