RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:CPI Numbers Coming Out Thursday Morning TooI should also add that I bought $5k each of CPX, KEY, and ENB this morning. I trimmed another $10k of NWH (tiny proft, all from divys) and used that plus $5k from recent divys for the buys.
As I keep saying, I am a huge fine of the midstreams with their reliable cash flow and great divys. I also expect some serious capital appreciation this year (not that really matters too much being an income investor and all).
Ciao
Sarg
SargeX wrote: You're still missing part of the point and still have it wrong. My initial buy order was for 3200 shares at $9.25. I changed it to 1580 shares at $9.55 which left me with $15k extra cash. I then put $5k into each of BCE, PPL, and TRP (which have been skyrocketing)
So that means after doing some extra analysis, I only bought 1/2 the shares I had initially planned on so proper analysis pays off.
Of course, I would have been better off
in the short term not buying any of that AQN but for the long term, I'm fine with the additional 1580 shares. I still think AQN will be in the $11 range by year end.
So, you and your theory on initial gut feeling are still worng.
Red_Deer wrote: Hey SARGE__
Twas a TYPO in my Post__I Meant 1580 rather than the 3200 I Posted!
Thus what I meant WAS that
IF you HAD just followed thru on your
INITIAL ""Gut Feelings""
Decision__to place a Stink Bid @ 9.25__THEN you WOULD have had a FILL @ THAT Price
INSTEAD You started
THINKING/2nd Guessing__and
Changed your order to 9.55__
WRONG As I Posted__This IS a Pefect EXAMPLE of My AXIOM of ALWAYS Sticking with the FIRST
Choice/Thougths when NOT SURE.
SargeX wrote: As is often the case, I totally disagree with you on both comments.
Everyone is different (and some of us are REALLY different than you). I find I make better decisons if I make sure I totally analyze all the factors before making a decison rather then over-reacting to a quick, emotional decision.
I am actually happier to have just bought back half of what I sold yesterday. AQN will now remain as the lowest book value of our main holdings (but still be a Main). I just broadened the book value range of what cinstitutes a Main.
I also think BCE is a way better company than Telus. It isn't just the idea of Telus two-bitting its customers by charging a fee on credit cards. I just don;t think it's as well managed as BCE.
Ciao
Sarge
Red_Deer wrote: Hey SARGE__You are WRONG on TWO Counts
FIRST__You ARE a PERFECT Example of WHAT HAPPENS Going AGAINST my AXIOM__Posted Yesterday__"""
A VERY LONG Time ago__Whilst in High School__I NOTICED that WhenEver I started THINKING about WHAT I Had JUST Selected as Answer to a Mulitiple Choice question__and CHANGED My Answer__9 times out of 10 My CHANGED Answer WAS WRONG__and the Original Answer was CORRECT So I Have ALWAYS GONE with My INITIAL GUT FEELINGS__and This HAS WORKED Out Well for me over the Decades of Playing the Markets.""" You SHOULD HAVE STUCK With YOUR GUT Feelings on Your TreadMill YESTERDAY and LET Your 3200 Order @ 9.25 REMAIN__Which would have Got FILLED on the DIP Today.
SECOND__You WENT Once AGAIN with More BCE__INSTEAD of TELUS__Simply a BAD HABIT
Just Because YOU do NOT LIKE the Telus BILLING Charge for Credit Card Payments eh !!!
SargeX wrote: Hey Dean
I guess selling the 3205 shares at $9.91 yesterday turned out to be a smart move. I had counted on the stupidity of management and they didn;t let me down.
I submitted a re-buy of the 3200 shares at $9.25 at the end of the day yesterday. I saw the news and watched the open and decided to hedge a bit and bought 1580 shares (~1/2 of sell) at $9.55 when it looked like it had bottomed early in the day. I was wrong on the bottomin but was probably right on only re-buying half. This most liekly means I am finished buying AQN for the next couple years and will stick to our other "Main" stocks.
With the $15k from the sell, re-buy 1/2, I bough $5k each of BCE, PPL, and TRP.. As always, I love the midstreams.
Take her easy
Sarge
DeanEdmonton wrote: Sarge - 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 . . .