Post by
ROIcrusader on Feb 10, 2017 11:04am
Breakout
I've held this name long term, similar to Rico. One of the strategies I use is a high yield filter to find turn around plays. This has been a successful trade despite some stress along the way. I really haven't been watching much until recently, I had sold half my line to my sleep at night level and taken profits and was more than comfortable with the yield haivng this tucked in my rrsp.
This is some of the best price action on a name I've seen in a while given the increased volume. If this stock is priced at $11 the yield is 7.03% and with a commitment to continue increasing the dividend, as well as exposure to a robust US market and USD/CDN exposure I am very secure leaving my investment to grow. Similar to Edwin Lefevre's Jesse Livermore, I subscribe to the theory of taking a position and being patient.
GLTA
Comment by
smithgee on Feb 10, 2017 11:20am
Long time holder as well ... so nice to see this move breaking the previous resistance. If the M&D indicates more divi increases you could see other talking heads jumping on this one.