What did you buy? What might you buy??

Actuary20 wrote: ↑ You guys see what SPY did late today after the Pfizer news:
https://www.thestar.com/business/2020/1 ... acles.html

Just PREPARE yourselves for a strong pullback.....in case. I took profits on most of my swing plays today. I'm sitting on about 90% cash now. It may not be a large pullback but I'm thinking something like what we saw in September? I wouldn't be surprised if we see a lot of red tomorrow.

CNBC just confirmed that this was old news that Pfizer already announced so nothing has changed. Buy buy buy

https://www.cnbc.com/2020/12/03/pfizer- ... arget.html

Riocan gonna be dead tomorrow

Ouffffff

https://www.globenewswire.com/news-rele ... lders.html

https://www.bnnbloomberg.ca/real-estate ... es~1927180

areyoukiddingme2k13 wrote: ↑ Riocan gonna be dead tomorrow

The interesting part is at what price is it a buy if/when it drops tomorrow. Growth is likely low but a 1/3 cut gives them a 5.4% yield that would look to be pretty safe. They own a lot of good Toronto and GTA real estate so you could also look at this from a discount to NAV perspective.

MashGhasem wrote: ↑ Well ****. Hopefully it won't crater on Monday.

What day is it right now where you are?

R8247 wrote: ↑ Ouffffff

https://www.globenewswire.com/news-rele ... lders.html

https://www.bnnbloomberg.ca/real-estate ... es~1927180

now i just need to decide at what price do I want to buy in

Actuary20 wrote: ↑You guys see what SPY did late today after the Pfizer news:
https://www.thestar.com/business/2020/1 ... acles.html

Just PREPARE yourselves for a strong pullback.....in case. I took profits on most of my swing plays today. I'm sitting on about 90% cash now. It may not be a large pullback but I'm thinking something like what we saw in September? I wouldn't be surprised if we see a lot of red tomorrow.

I'm feeling something similar. Seeing individual stocks and sectors at ath's, that even with a forward looking market, are unrealistic to me.

Travel, leisure, retail, reits practically shuttered for the foreseeable future. At least next two q's if not more will be disastrous. But stocks and the indexes keep reaching all time highs. Never seen such a disconnect between the market and the economy.

Covid getting worse not better. Supply and distribution issues with the vaccines. Protests regarding forced vaccinations. I feel that we will see troubled times ahead.


I don't know. As much as I would like to make these plays and see my portfolio +40% in a month, I can't justify the price of entry right now or last month or so when the vaccine euphoria began.

Even swing trading is a risk to me. These sudden surges are followed by drastic drops such as CGX today.

Then there is US China issues, and I don't want to touch any hot EV stock or any Chinese stock for that matter.

Every little bit of good news and 15% surge. Every little bit of bad news and 20% drop. There was a time that certain stocks were safe plays with reduced volitility. Those same stocks are moving like ev stocks now lol.

I know that we can't time the market, but this is really a crap time to be trying to invest.

areyoukiddingme2k13 wrote: ↑ Riocan gonna be dead tomorrow

GOOD! I own almost all Retail REITs but REI, hope to get some flow into my holdings tomorrow.
It was somewhat priced in already, though.
As one of the weakest Retail REIT, Rio desperately needed that extra cash for their ambitious plans.
I was not planning to touch REI and would not recommend to anyone.

nikels21 wrote: ↑ now i just need to decide at what price do I want to buy in

Well it was just $14.xx in October/November.

Chance7652 wrote: ↑ The interesting part is at what price is it a buy if/when it drops tomorrow. Growth is likely low but a 1/3 cut gives them a 5.4% yield that would look to be pretty safe. They own a lot of good Toronto and GTA real estate so you could also look at this from a discount to NAV perspective.

nikels21 wrote: ↑ now i just need to decide at what price do I want to buy in

1.63% gain today too at close (obviously before announcement of outlook and cut).

Yield would still attractive just not ~8% anymore.

Would be a good long term hold at the right price. Collect the 5-6% distribution and ride out the recovery.

Just don't expect much growth in the short term. May stagnate and a few bumps along the way.

R8247 wrote: ↑ Ouffffff

https://www.globenewswire.com/news-rele ... lders.html

https://www.bnnbloomberg.ca/real-estate ... es~1927180

the only thing to wonder: what took them so long?
... Riocan should have done in Sep. I guess now the H&R will do the same.

nikels21 wrote: ↑ now i just need to decide at what price do I want to buy in

go back before vaccine news? under 14?

ohnabatko wrote: ↑ the only thing to wonder: what took them so long?
... Riocan should have done in Sep. I guess now the H&R will do the same.

Didn't hr.un already cut by 50%?

I'll be interested in how sru.un trades tomorrow but while I sold sru I don't think they'll cut the distribution.

ohnabatko wrote: ↑ the only thing to wonder: what took them so long?
... Riocan should have done in Sep. I guess now the H&R will do the same.

My thoughts as well. EPS was / is at ~6 cents. FFO payout was too high.

The risk was always there the dist was going to be cut. Think this may have already been priced in though ….

Chance7652 wrote: ↑ Didn't hr.un already cut by 50%?

I'll be interested in how sru.un trades tomorrow but while I sold sru I don't think they'll cut the distribution.

Even though Canadian Retail REITs most likely will follow REI tomorrow(not as much though), SRU's distribution is in a much better place. I don't see them to cut any time soon.

Seems like enb.to is safe buy, er?
Hilarious. Hilarious

Chance7652 wrote: ↑ Didn't hr.un already cut by 50%?

I'll be interested in how sru.un trades tomorrow but while I sold sru I don't think they'll cut the distribution.

automation wrote: ↑ Seems like enb.to is safe buy, er?
Hilarious. Hilarious

Yes. And your point is?

MrMom wrote: ↑ What day is it right now where you are?

I read your post and it took me a solid 30 seconds to realize. I've been typing away in front of my PC for 2 straight days. Haven't showered or slept properly. Deadline tomorrow lol

In that case, here's hoping that tomorrow is a green day. Need all the help lol

25% cash here. LOTS in oil and long holding REIT's. Looks like my profits from oil is going into REI tomorrow lmao.