PrefInvestor wrote:richfool wrote:Well in the event I sold 2/3rds of my TRIG holding and 1/3rd of my JLEN holding and split the proceeds between: IEM and INRG. Noted that will reduce my dividend income, but should increase capital growth as well as diversification.
Well I hope that your new holdings are doing well, been a volatile few days this week. I was sitting on a 30% gain on INRG and had a stop loss set at 905 to guarantee that I kept at least a 25% gain if it dropped back sharply for any reason. I was taken by surprise by the big dip on Thursday morning - I was out having my morning walk and my phone pinged to tell me that my limit order had activated. Was very surprised because it was at 93x when I last looked and I thought I was safe leaving the limit order there, but I didnt REALLY want to sell. Of course it has recovered to 930 again now and I will have to wait for a dip to try to get back in, doh !.
I must say that IEM and EGL also look interesting and that JLEN & TRIG have both dipped a bit.
I think that the US election result might prove as BIG driver for the renewable components sector, especially if Biden gets in as seems to be expected. Dont see it helping the big 6 renewable trusts here though myself.
ATB
Pref
Thanks for your thoughts Pref. Whoops, regarding you getting stopped out. You will have to watch for the next dip.
Yes, I bought my holdings the day before Thursday's dip, but the recovery on Friday got me back to somewhere close to where I started. I do realise there will be more volatility with growthier stocks, so am fairly philosophical about those sorts of ups and downs.
My nature tends to be that once I have decided to do something, I want to get on and do it and tidy up my administration/spreadsheets. Whereas sometimes there is merit in sitting on one's hands and waiting for a "quick sale" situation to arise. Ideally, I should have sat on my hands until Thursday's special offers!
That said, there have been other situations, - e.g. USA and more recently IBT (International Biotechnology Trust), - where I bought in and the SP carried on upwards and onwards from that very day.
EGL is quite utility focused, (well, 24% utilities and 23% renewables). In the Infrastructure sector there is also INPP (22% energy transmission), the growth of the latter has been less dynamic.
Regards