Post by
KnaveofDiamonds on Sep 17, 2021 10:27am
Dive!
When this gets to my price point I'm going to back up the truck and load up an obscene amount of shares! Go go go go!
Comment by
flamingogold on Sep 17, 2021 10:37am
My gut says we wake up one morning sometime soon to a big red pre-opening with screaming new headlines and it won't be about covid. Maybe supply chain worries and the impact on the holiday season? Either way, I am currently out of DFN but not completely for the portfolio. Impossible to time the market but risk is certainly elevated and needed to trim and cyrstalize gains.
Comment by
KnaveofDiamonds on Sep 17, 2021 12:05pm
Yes I like this stock a lot. Offers a better entry point than Eit-un.to and has a respectable market cap over 600 million. Nice little preferred share for the tfsa. I did like how eit paid dividends right through the pandemic though.
Comment by
flamingogold on Sep 17, 2021 2:17pm
I have owned both but prefer DFN. EIT is mostly ROC like many of the splits too whereas DFN is not. Of course, inside a TFSA that is irrelevant but mine was in a non-registered account.
Comment by
BlueGuitar1 on Sep 17, 2021 2:19pm
This one is still good missing 4 divi payments only during the beginnings of Covid in North America.
Comment by
flamingogold on Sep 17, 2021 2:55pm
No, it won't miss a divy but will be susceptible to overall market volatility. If we get even a small 5% correction, which is overdue, this will be on sale and offer up a huge buy the dip oppornity.
Comment by
flamingogold on Sep 17, 2021 3:00pm
I don't see it... while inflation is edging higher, unemployment is not. Those two need to be high to worry about stagflation. The US labour of stats shows 5.2% for Aug, which is almost back to pre-pandemic levels, and falling. https://data.bls.gov/timeseries/LNS14000000
Comment by
EdPaquette on Sep 17, 2021 2:51pm
There's starting to be mentions of stagflation, and that means a bear market lasting years. That's why I'm mostly out of class a splits. Holding mostly preferreds now. But yes we could also wake-up to really bad news one morning.
Comment by
flamingogold on Sep 20, 2021 9:11am
Like clockwork, as I mentioned just on Friday the market is opening deep in the red with new headlines about property debt crunch in China and possible contagion. Nothing about covid. Time to place some stink bids, we could be in for a volatile few weeks.