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SunOpta Inc. Message Board

  • wildstoic wildstoic May 14, 2012 10:57 AM Flag

    Trading STKL

    Just to set the record straight - STKL is *not* a "buy and hold" stock. It's a good stock to hold alright - just not ALL the time.

    It's a trader's stock - the only reason I have a "long term" position is that I acquired oodles of shares in the 90's and my cost basis is obscenely low so I have tax-lot ID'd long-term core position. It's okay to have "faith" in a company - but you can't have faith in a stock.

    Otherwise, my strategy is to accumulate and dump, accumulate and dump, accumulate and dump. Even Bronfman knew this - heck - SunOpta employees know this. This has ALWAYS been the case with STKL, though sometimes it is wise to build and trade "around" a large core position.

    It just so happens that right now is the time to ACCUMULATE STKL (in my humble opinion of course). Naturally I won't be telling anyone when I think it is the right time to dump (but that time will come). After that it will be time to accumulate again, and so forth.

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STKL
8.90-0.05(-0.56%)Aug 28 4:00 PMEDT