Sell, Sell, Sold

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18 Responses

  1. Russell says:

    Great news for you. I love when you have a stock that jumps like that.
    I would sell it as well.
    Actuality i have a bit of a rule that when a stock jump up more then 11% in one day i sell it right away.(Unless im still down)
    Reason being what more could i want 12% ? less not be greedy.

    Do you have any rules like that by chance?

    Russ

  2. Congrats on the pop and booking those profits, PCI. Cant complain when your stocks rise so much and the market is offering you a good ROI.

    Best wishes
    R2R

  3. For me it’s often a double feeling when a company is going to be taken over. The good feeling is that it’s resulting in a profit due to the stock price increase. The bad feeling is that it’s often one of the more solid companies out of my portfolio which are taken over so it’s difficult in this market to find a new company replacing the dividend.
    Erik @ I Want Dividend recently posted…Purchase of 100 shares Kas BankMy Profile

  4. Absolutely nothing wrong with taking profits PCI. I don’t own the stock, but congrats on what appears to be a successful trade.
    Dividend Portfolio recently posted…Introducing Inspirational Quotes Of The MonthMy Profile

  5. Nice return, I think you did the right thing by selling. Why wait all that time for a little bit of money, and like you said what if the sale doesn’t go through. I look forward to reading about the stock you buy to replace Aecon.

  6. Nice return from this deal! Any ideas where you’re going to allocate that cash?
    Dividend Income Stocks recently posted…First National announced a Special DividendMy Profile

    • Hey dis right now im just searching around. If i could get us stocks id buy some more cvs after the bigger pullback but want to keep it in the tfsa. Also id love to keep it in the industrial sector. If not maybe altagas, algonquin or some other. Im in no rush just waiting for a good deal. Cheers!

  7. Sure you may have left a few dollars on the table. But man do acquisitions take a long time to complete. The approval process is not fast and these things can take several months. So you cash is locked up in the position for that period of time just sitting there. Now, you were able to benefit from the gain and move the cash into another position. I love that the transaction is tax-free as well. Congrats on the move!

    Bert

  8. Leo T. Ly says:

    If I own the stock, I would of sold it too. From your selling price, you are only leaving about 3% on the table. What if the Canadian government doesn’t approve? Why take the chance, just lock in the gain and move on.

    I own SNC lavalin. Even though it did not get any buy out offer, it still got a little pop because of Aegon. Congrats.
    Leo T. Ly recently posted…Personal Finance Horror StoriesMy Profile

  9. Pellrider says:

    Sometimes, when the price is so high and the company is getting bought by a foreign company, it is nice to get rid of the shares. If everything goes well, then you can buy them later. God work on getting the profit.

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