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Five Oaks Investment Corp. Message Board

  • bigbear.2010 bigbear.2010 Jul 17, 2014 11:34 AM Flag

    What is the magic price to add shares?

    Some say we will go as low as $10.70. At first I did not accept that but, recently I am becoming a believer. Now I just can't seem to pull the trigger and double up. as I am already down. Also, IMHO when all those new shares are released we may have a bloodbath for a while. But, at what price level?

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    • bigbear,
      did you sell off your SDRL? they are getting pounded and i am glad i closed my position at $35.35 and dodged a bullet.

      horrible day for me today. my worst ever almost across the board. MAIN, PLOW (down 8% on Baird downgrade), CHL, UHT, FB, and even here with OAKS. OAKS was a speculative buy for me and very small position, thankfully. not liking the Street downgrade as i believe it to be accurate.

      nonetheless, i will let OAK ride and look for the bounce.

      Sentiment: Hold

    • Hard to say. You might want to incrementally add. I bought 1,000 more at $11.35 last week. I have 8,000 total shares at 4 different levels. I'm basically even, up $420, on share price after the averaging, but have collected a very nice profit in dividends. I'm in it for the long haul so the small swings don't bother me and I never catch a bottom for a purchase or a top for a sale.

      Sentiment: Buy

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