I was staring at the 25.80 price during the last tiny rally itching to pull the trigger and I thought about the buy low sell high saying and didn't sell.
The trouble is that you don't know what is high and what is low unless you're looking backwards.
Look, what everyone who is long is over looking is the TREND. My god if you have not figured out the trend by now, I would advise you to stay out of stocks. You don't have to be a genius to figure out if our long, your on the wrong side of this move. Look at a chart and you think you can bottom pick this monster? Check the form 4's!! Insiders are not bottom picking.
You could have at least held until after WED. (the ex div date) to get 16% on 7-26. Now someone else is getting your div. that you are missing on your 3 month hold since the last qtr. That's just bad investing. The dust will settle on these REITS, even if it takes a year. Until then, you have 4 quarters of a nice div. to help with the temporary pain.
YOU are right like I said if you don't need the money to pay the rent don't sell just hold and keep collecting the div and in in the near future this will come back. as long as there is a bottom and I thunk we are close if not there yet. if you sell at a loss/ what are you going to do with your money? Put it under the mattress or maybe buy another loser. Your upside right now is much greater than the downside. So why sell??? good luck to all longs
That's the feeling of ignorance when it finally dawns on you that you can't make money buying high and selling low in a panic.
Of course you're probably just another shorty trying to scare folks out of their positions.