RE: Still around $18.00 These swings of $0.50 - $0.70 cents are great. Had I stayed with my
previous strategy I would have done very, very well over the past
week. However, I'm going to stick with the new strategy and hold for
higher levels.
I think I will peel 10% of my holdings off in increments of $1.00 -
$2.00 starting somewhere around $19.00. I will also help establish a
floor (albeit small for FTT) at $1.00 below the daily price. That
should let me pick up a proportionate amount on the swings that I did
at the lower levels.
I think the rental income from FTT's new acquisitions will bode well
for the second quarter. There is also rumor of another big
announcement in the works. I haven't heard anything specific, but
understand there is a lot of interest and watching on Bay Street.