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San Juan Basin Royalty Trust Message Board

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  • hotpanera2 hotpanera2 Aug 4, 2004 11:03 AM Flag

    Question for the Board

    I got in between 16 and 19 and have obviously been very happy with SJT. However, yesterday I sold 1000 shares @ 28.45. I still own 1100 shares. My intent is to get back in when the next distribution is announced. It will probably be lower -- no extra .04 likely-- and there could be a sell-off on the announcement. Sources like Yahoo annualize the last distribution (which is silly, they should use last 12 months) and screeners will like SJT alot less at .22 than at .27. I also think that the pendulum of oil and ng price rises has gone too far and they're more likely to fall than rise in the next few weeks, absent something unexpected happening. If I'm wrong, I took a very nice profit and still have an interest in the stock. The stock I sold was in my IRA so there's no recapture issue, an added attraction.

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    • cber1@pacbell.net cber1 Aug 4, 2004 12:35 PM Flag

      I also think often about when a particular stock has reached a top. I've beenriding SJT since about $17 per. Within the last week I've unloaded my entire position. Reasoning being, diversification (I'm still 35% in royalty trusts), I feel as if SJT is getting a little tired (this is based on instinct only), I believe I can re-enter at a lower price, there are better yielding Canadian trusts out there if I want yet more trusts. I'm 65 so I tend to take the money and run if the money is good.



      Best,



      cber1

    • I didn't expect that the decline would be this fast. Since it was, I bought the 1000 shares I sold at 28.45 back for 26.41.

 
SJT
6.26-0.16(-2.49%)Aug 26 4:02 PMEDT