Canadian Banc Corp T.BK

Back to 100% cash

[deisman03]

Well, stuck to the plan and when the equivalent of six months distributions became available, after less than a month of purchase, it was the signal to sell. 

Did I leave some cash on the table?? Very likely, but I didn't purchase right on the bottom either. 

I find that the top and bottom prices are normally spikes and very few units are purchased/sold at those prices. 

If you're only trading a hundred to 1k units, it's very likely doable. 

When I get my "trade fill" alerts, the majority of the buys/sells are 100-1k units. 

Now, with this recent announcement of a new unit buy back plan, which doesn't make much sense, if a new public offering is made in six months, happens that could all go awry very quickly. 

IMHO, the bank's earning releases and intentions to increase their divvies was already factored into this price range. 

Time will tell all

Good Luck to all the good folks here.

[Kadiddelhopper]

deisman...appreciate your musings..do check-in every now and again, k/!

[deisman03]

Not a musing by any means. It's actually a tight strategy I've used with this and other Splits for a long time now.  I'm very careful on setting my exit and entry points.  Bigger people than I control these swings in price and I try to take advantage of their manipulation.  When Bancorp announces they're going to start buying back shares, to me it's a good

[Kadiddelhopper]

Appreciate your candour, Only encountered Splits some 6 months back so anything I can glean from various Contributors has been very helpful. . Now if I can just get better with the Entry points....the Exit points are all too easy, as I tend on the " too quick" side with those! .. See you around these parts again hopefully! 

[deisman03]

I pretty much am a very conservative investor.  My average garnering distributions and taking profits on Splits is $3.5k+/month.  I realize those aren't huge gains but as long as I can maintain my principle, with appx a 5% addition per year, don't always manage to do that, the rest either stays in the RRIF/TFSA accounts as cash, to be utilized as income or taking a nice

[EdPaquette]

I retired before age 40. Living on dividends, I'm 59 now.

[deisman03]

Good on you. I've got a few years on you and my retirement was appx 15 years ago now. 

[Kadiddelhopper]

Deisman, you have lived what I am currently living through. I was at the point I was considering a Reverse Mortgage, when finally an Advisor told me I was TOO diversified. If I divest all my vast little Plays, I can concentrate more on Divy-paying Splits, ride the cycles, keep the title clear of liens on my home, and start living away from the computer screen.. For the first time in a few months

[deisman03]

My advice came from a man who is now close to ninety years old.  He took the time to call me at 2am my time or 5am his time, after I made a call in to a TV Q&A show on CNBC.  When I called, I included a brief list of the top 25 holdings in my portfolio, which I had taken out of the control of a local broker appx ten years previously.  The broker had this portfolio under his

[Kadiddelhopper]

  Deisman: Re: that CNBC call-back... can't help but ask who that would have been?! JIm Cramer is still too young so not him...then I wondered if it was the Trader on the NYSE trading floor who shows-up every now and again... bur can't recall his name... Luvin' that CNBC...even their broadcast arms in Australia and thru S.E. Asia rate well...   Catch a Bear yet?    

[deisman03]

I'm not going to let out the identity of the individual, other than that he's still in the limelight and charges thousands of dollars to investors with deep pockets to have a one hour lunch date.  All proceeds from the lunch, which is also paid for by the investor, are donated to charity. The very first thing he straightened me out on, is that there are four types of investors. The

[Kadiddelhopper]

Thanks deisman, I respect  the confidentiality...it was just a curiousity ..nothing more. Case closed ..as they say!