Wife and I bought SNH on a hunch. Didn't study any charts (not too smart I agree) just because it made sense. Aging population and the need for older adult housing (refusing to say senior just because we just became seniors..:)..). Bought at 22.49 in October '12. Nice return so far.
You said you did not study the chart; If you did you would find it is a beautiful chart indeed.
They have great business in a growing sector, lets face it we are all growing older and the boomers are coming.
What is your plan to exit? Or do you think the Crooks of Wall Street who call steaing your money "the game" going to let it go up endlessly?
please share such topics of conversation at the dinner table among friends and family.
get your AR-13 the next time they bring it down to 6900, we are going to escor the career politicans, lobbyists out of the White House and then we will have some fun with all the players on the big boards aka Wall St.
I bought SNH along with MPW, OHI, HR, SBRA for their DIVIDEND last fall and have made very nice capital gains in my retirement account. I have very recently sold MPW, HR & SBRA because the rise in stock value dropped their yield to below 5% and I take this as an OVER BOUGHT signal. I was correct on MPW and fortunately sold out @ $16.75.
Don't be afraid to take profits. Sometimes we BUY a stock for one reason and SELL for another!
I have placed tight "trailing stops" on both SNH and OHI.
Danish...we reinvest the dividends. Most analysts have it a hold. On Barron's 8 have it a hold,1 underweight and 1 has it as a sell. On Stockgrader...they have it a sell. Sometimes you have to go against the grain. If it dips to $25... I would buy again.