Post by
Jimmy713 on Mar 06, 2014 11:27am
Sold a big portion :-(
As much as I believe in LNV, I just sold a huge portion of it to load more AET.UN. I am just after the return ... I do hope it a good move.
Good luck to all
Comment by
jd43xl on Mar 06, 2014 11:35am
You do realise you traded a perfectly good stock for one that has to cut its dividend, and maybe by a lot?
Comment by
Kisu on Mar 06, 2014 12:33pm
Argent is getting so beaten down that a divvy cut is likely to cause a rebound. So buying now might be a good play. Sure would be nice to know what the outcome of the SGY takeover is going to be.
Comment by
itsalie on Mar 06, 2014 12:52pm
18% divvy at argent.. sounds great.. but I've never really seen that end well.. with the possible exception of chorus aviation
Comment by
jd43xl on Mar 06, 2014 12:57pm
Argent also had to write off some reserves, so their whole business is being questioned. LNV has no such issues, and is a hundred times better investment.
Comment by
itsalie on Mar 06, 2014 1:20pm
I don't know about that.. most of the news is built into this stock.. might get to 6 bucks.. possible 1-1 whatever.. I own it at 5.20.. not a huge amount of upside.. argent has way more risk.. but if you are right you'll get paid handsomely. ps.. sorry to steal the board for a few posts :)