Post by
SargeX on Dec 04, 2020 12:56pm
Now that was indeed entertaining
As an ex-holder of REI (sold at $25.78 in mid-2017) and already having my trading dough tied up in other trades, I was just a spectator for this morning's action. All I can say is that it sure was entertaining.
As I posted yesterday after the cut announcement, if I had extra dough for a trade, I'd have my finger on the trigger right at the open. Turns out it was spot on and congrats to a number of posters that absolutely nailed it with buy prices around $16.25-16.35. I also noticed that some quickly flipped it for a very nice profit.
This has really re-inforced my observation that in today's market, there is almost always a HUGE over-reaction to a negative announcemet. I actually blame it on the totally dumb automated trading. I really think their algorithms are f*cked.
I also agree with all the people that are hammering on Sonshine. Total slime ball. I saw his BNN interview back in May and he was sure acting totally smug and going on about how safe the dividend was for a superior compnay like Riocan. Total lying sack of sh*t!!
Anyway, lots of great posts on this board since the announcement.
Ciao
Sarge
Comment by
Shirtlessnomore on Dec 04, 2020 8:46pm
Hey Sarge I wasnt quite fortunate enough to hit that low but got 16.40 and sold 17.62, I noticed we were trading HR.UN around the same time as well, it was a fun day for sure, good luck going forward. Cheers! ..
Comment by
SargeX on Dec 05, 2020 2:13pm
Hey Shirt First off, a big congrats. There's almost never a "perfect" trade but yours is as close to perfect as a guy would ever want. Anyone that made a $1 or more profit in an hour or two has obviouslt done incredibly well!!!. I have noticed and enjoyed your posts and have seen that we do have a fair amount in common. Great work!! Sarge