ok this is interesting,high on the wish list would be momentum trading at near lows and all of these i have traded, in order mof,bkn,mqg,mof ,just not in this order and bkn i lost 36% of my capital due to trading rules but if we ignored that and supposed we had held on our dream run it would provide a simple return of 1215%,unfortunately we have rules and using an index, mine is afi at startup capital, including the loss on bkn the simple return is 250%,the hazards of trading are enormous, especially momentum trading,at the present time i still believe you can get better returns holding,trading works if accumulation and profit can be acheived,if it were not for my very low average cost on mof,so low that the rise before 3006 almost recouped the prior years losses plus dividends from all of the aforementioned stocks representing 15% of my capital from 0209,so although trading is a temptation i also recognise that for many myself included it is a compulsion,however i can say without hesitation if i saw a better opportunity i would dump in an instant,you see i am not diversified,a good stock is a good stock,i really regret not buying mqg at 15.75 i had the opportunity but on balance in the climate at the time i saw its best price as a possible28-33 and mof still represented better value through distributions,so today i am debt free a remarkable position considering i had to sell my home to get sufficient capital to start again after 2008 trading losses and 07 ,so in time as risk capital becomes available i will resume trading until then the best strategy appears to be sitting,its the sitting that brings profit.
and while there are many games to play i would implore anyone trading thin margins to calculate afi at 3.17 its low of 09 and see where your trading has got you,i am still 20% up on my index after pulling out in profit my startup capital,leaving me debt free
MOF Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held