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catoismymotor (41.19)

Bye-bye, CGA

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June 11, 2010 – Comments (11) | RELATED TICKERS: CGA

CGA,

I thought I could hold onto you for the long term. I really did. You sounded sweet with your goverment tax breaks, low debt, TMF endorsement, protected market and ever expanding retail network. But alas I think our relationship was not meant to be. Your home market is shakey. You dropped 28% since I added you to my IRA with no end in sight. CGA, I had to cut my losses by letting you go. It hurt me to do that. But I am sure the pain will be worth it. Do you remember in March I sold half of you to buy a different company? That worked out well. Now, once again, I must re-invest this money into something that is more stable, more long term. Don't cry. If I read the tea leaves correctly this morning I may be in the market to buy you back before long. But we'll have to see. You served me well, but it is time to say say goodbye.

Cato

11 Comments – Post Your Own

#1) On June 11, 2010 at 5:02 PM, ChrisGraley (29.74) wrote:

Finally! I've been shorting it for months to test your pain threshold.

;)

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#2) On June 11, 2010 at 5:36 PM, kdakota630 (29.50) wrote:

I'm putting this one on my watch list. LOL!

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#3) On June 11, 2010 at 6:51 PM, chk999longonly (99.37) wrote:

stock price bottom alert!

Just kidding, this goes on the watch list.

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#4) On June 11, 2010 at 6:57 PM, catoismymotor (41.19) wrote:

All of you are heartless! I love it! Yea, I suspect I might have jinxed myself but you have to rise above the voodoo and do what you think is right at times.

 

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#5) On June 12, 2010 at 10:21 AM, blesto (32.05) wrote:

Parting is such sweet sorrow.

But at these levels and no debt to speak of, they seem like an intriguing prospect now.

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#6) On June 15, 2010 at 2:46 PM, catoismymotor (41.19) wrote:

In my opinon it is a good company. I think there is still a possibility of the price dropping more. Due to the questions about China's economy and the twitchy nature of many of its buyers I felt it was best to make a change.

If you want to buy into I would not discourage you. The price is good and it enjoys all the thingies I listed above. Be prepared to experiece Mr. Toad's Wild ride if you buy CGA.

Cato

 

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#7) On June 15, 2010 at 5:56 PM, blesto (32.05) wrote:

I see you still have it open as a CAPS pick. I've been culling my picks that don't pay dividends, but I think I'll make an exception in this case. As for actually buying it......probably a good thing I don't have to many funds to throw around. I keep my buying to a quarterly schedule. Will make my next purchase somewhere near the end of July-the beginning of August. I'm a Stock Advisor member and will either invest in one of David's or Tom's picks or reinvest into what I have. 

loved Mr.Toad's wild ride as a kid. I was disappointed when I heard that the Magic Kingdom closed it down.

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#8) On June 16, 2010 at 9:41 AM, catoismymotor (41.19) wrote:

Blesto,

I still have it open on Caps because I am trying to improve my average. I made a mistake early on by closing prematurely many that went bad. I have it open because I think it will rebound. Once it gets into the positive again I'll watch it more carefully and decide to close it while it is on the plus side.

You buy on a quarterly schedule? After last month decided to switch to that method from a strict DCA regimin. So I am not set to make my next new money purchases until August. I think it will help keep me focused and help keep fees to a minimum. How well has it worked for you?

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#9) On June 16, 2010 at 6:50 PM, blesto (32.05) wrote:

Well, after every paycheck I split my savings between a traditional IRA at my creditunion and at my brokerage account. When I've collected all my dividends I use them with the funds I've saved in the brokerage account and make my decisions then. It ends up being on a quarterly basis. It works out well for me because I can be very impulsive and investing this way keeps me disciplined. I'm using all this time right now weighing different possibilities for when the time comes, and no matter where the overall market is at that time, I invest. So over a course of years it is DCA (Dollar Cost Averaging) There is an exception sometimes, cuz I have a DRIP with AT&T. For example during the 1st qrtr every year I set some of those funds aside to mail into my DRIP account. I love to watch it grow. I'm almost to a point where my dividends with AT&T will cover my phone bill. Which is one my goals. 

DRIPs are great. If you don't have one with some company, I would highly recommend looking into it. They start out small and slow but after some years it seems to start feeding itself. The power of compounding is amazing.

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#10) On October 31, 2010 at 1:16 AM, catoismymotor (41.19) wrote:

I've not kept up with CGA since July. Holy cow!

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#11) On May 26, 2011 at 10:35 AM, catoismymotor (41.19) wrote:

Yesterday was ugly. I thank the group for helping me trust my gut.

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