TSX:BPO.PR.A - Post by User
Comment by
CrazyTraderon Sep 07, 2023 7:58pm
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Post# 35625264
RE:RE:I think I'm going to sell some shares, I have way too many.
RE:RE:I think I'm going to sell some shares, I have way too many.#1 reason, I'm way toooo invested, I'm up to my eyebrows in shares. I have too much.
#2 .... I broke my trading rules and ignored my initial gut feeling. I spoke of this when I first bought BPO shares. Back in 2020 my gut told me no to BPO, but I had other choices and bought HSE Prefers. Flash forward 2023, I ignored my gut because BPO offered CRAZY yields and others didn't even come close. After my first buy, I went on posting (talking with myself) to convince myself I'm "right". Then I bought even more, toooo much.
#3 ... The Market is always right, even it's wrong. It's better to sell and take a small loss early, you can always buy back lower if it goes lower. It's better to sell and then buyback lower, than to "average down" in my books.
#4 .... you blew away the notion of issuing new Prefers (rasing capital). In a post earlier today I listed a few things that I think need to happen: interest rates fall;and or rent (revenue) increase;and or reduce debt (non-recourse); and or raise capital; and or resuructure. Of all these options, raise capital I thought probably the easiest/best option but you clearly thing that's not going to happen.
No, I don't have a better investment. Just de-risking a little. I'll take a hit and most likely miss out on Gains and Dividends if share price goes up, but I reduce the Hit if it goes the other way.
All just my opinion/view/thinking/re-evaluating..... it's so hard with this company, it's so complicated.