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Sabana REIT: Being stubborn?

Wednesday, March 30, 2011

I have been waiting for a chance to initiate a position in Sabana REIT at 92.5c, its historical low. I have been described by some as stubborn for not giving in and buying at 1 bid higher. Well, it was this same stubborn behaviour that got me into Cache Logistics Trust at 91.5c instead of 94.5c recently. I am investing for income and yield is a major consideration and, therefore, the entry price is a major consideration.


Of course, I am not blind to the power of market sentiments and that is where TA comes in. If you remember, I changed tact on First REIT and revised my buying price higher because of technical signals which suggested strength recently. I also bought more units in Cache Logistics Trust at 92.5c. Nothing is set in stone.

With Sabana REIT, the technicals are still weak and there is a chance of its unit price going lower. So, I will continue to wait at 92.5c. OK, as a hedge, I would put in a buy queue at 93c too. To those who have said I am stubborn, well, this shows that you are wrong and this makes me happy.

Easily contented, I am, and to bed with a smile, I will.

Related post:
Sabana REIT: 92.5c is near.

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