RE:Sold a large chunk. I am not sure how a 4 cent swing is a beat unless you are able to do it more than once a month.
Pottsy seems to have made out the best of the posters swinging the stock and manged to grab 5 or 6 times the divie in one swing without too much time elapsing (which means he didn't have to watch it too long either). I think he managed to get back in in time to grab the div which is a sweet swing.
VW made a decent swing but wasn't sure it was worth the extra based on the stress of not being invested. You seem to go the other way and feel not being invested takes the stress out of the share prices volatility with regards to oil price swings. Both are interesting as VW could be exposed to higher prices if oil bounces but lows too if it dips. In your case you are not subjected to the volatility of the market except with your core holdings. I would also think that with a $6.50ish buy in that every time you swing these days you raise your ACB?
Not judging here as you are doing what you feel is right for you just trying to justify the moves as something the average investor would be inclined to do.
My own ACB is lower than the current share price and I have considered selling and swinging but FOMO of higher prices usually stops me. Also a slight fear of increasing my ACB and overall yield keeps me from pushing the sell button but I do think I would like to swing a small position around my core if the share price drops below my ACB in order to lower it. Until then I think I am happy with the 6 cent double digit yield I am getting now.
GLTY and all longs
lashing wrote: Been getting divs since Feb bought in at 7.11 ..... but I have to go back to day trading and cashing out each month now so sold at 7.15
Holding long doesnt pay in this sector. Buy in when its right, take a div (or make own on good days), get out. The above were my high price shares. Rest are all 6.50 or so so nice cushion but 105% payout ratio wasnt good news and oil is not doing what it should be. FInancial market is just too big and corrupt to hold.
This was alot safer than GXE though where those people though they were pure genious and mocked me for moving that cash to CJ. OK ... well, each their own.
When buy and hold when you can trade and mold? - mold your own divs in swings, keep risk to a min.