RE:RE:RE:RE:RE:RE:RE:CPI Numbers Coming Out Thursday Morning TooSarge - Congratulations on pocketing the $1600 gain. I would be in no rush to wade back in, I think there is still a lot of shakeout to go as the announcements were anemic on all fronts. I see another Div cut yet to come and some more issues with high rates and their debt, plus they still want to move forward with Kentucky Fried Belch. Pretty much as Kiss my azz from management and the board all round.
SargeX wrote: Hey Dean
Thanks mucho for waying in. I always value your opinion.
I was just downstairs doing my morning workout, pedalling away on the stationary bike, when I came to the exact conclusion as you. I came back upstairs and put a sell in for the 3205 shares at $9.91 and got it. Net of trading fees, it makes for a profit of $1625 for a 4 day hold.
I think Banskota and the management are total idiots so why should I nowo think they are going to do something right. If I'm wrong, then I still have the 14,430 shares. If I'm right, then I'll target buying back 3200 shares at $9.30 (maybe at the open).
Thanks again and take her easy
Sarge
DeanEdmonton wrote: Sarge- if you hold them, I hope it works out for you. I however and not the trusting type and would be putting the gain in my pocket. The guys running this have messed it up big time and I do not trust them to get it right Jan 12th. I honestly don't think they will know enough to be able to provide real clear direction, except perhaps for the initail dividend cut. I am not a gambler in any way, when the odds are only coin toss equivalent, I sit on the side lines. I am happy to give up a buck a share gain, to see what they actually do. Honeslty, no matter what they do, I think this stock will take a run backwards becasue neither camp is going to be happy with what gets announced.
SargeX wrote: I added 3205 shares at avg of $9.39 last week for the long term (for current total of 17,635 shares).
I've actually been fighting the temptation to sell those 3205 shares at $9.89 (for a quick profit of $1600). Part of me says take the gamble and the profit and potentially buy back if it gets creamed and the other part of me says this is for the long term and AQN will most likely be higher by year end.
Interesting times ....
Karl63 wrote: And further along those lines, who took or is taking the gamble of buying more shares before tomorrow's announcements? I bought more shares on Monday.
Tough to say what will happen; perhaps, as others have mentioned, there won't be anything definitive on dividend reduction OR resolution of the Kentucky deal. Maybe it will just be a bunch of "things are OK" talk which would probably be about the worst thing that they could do, given that the market doesn't like murky waters . . .