Hi whitepine - Pain with Royalty trusts ? Yes, some.
First time I've seen all the RTs in the red on one day.
Ususally 75% are black, and the few that are red tend have something like down 5 cents.
And this concerns me that we might be seeing (or have seen a top)
I trimmed positions a little today, selling about 7% of my royalty trusts.
Looking at SJT, it took 2 1/2 months, or about 60 days, to go from 13 to 14 - a gain of 7.6 %
In late February, it went from 14.50 to peak at 16, a gain of 10.3 % in day trading days. It's given most of that up in the past 5 days, closing at 14.72
If you draw straight line with a fat pencil and a ruler throught the middle of the prices from Dec. 1 to mid-Feb, the 14.72 price ends up pretty much on the that line.
siliconinvestor.com
NCN, which is unhedged, is still above that kind of line.
Right now I'm viewing these stocks as back at the trend line. Now that the energy sector is becoming "interesting" I expect to see more volitility. If the RTs start dropping under the trend line, I will start selling.
Tommorrow is the Natural Gas Storage announcement. I think that will be bullish for gas, and I expect to see RT prices head up. Also expect to see E&P prices head up too.
I'm moving my finger closer to the trigger to start selling - but I want to cut them a little slack, sijnce I think they were reacting to the sharp spike in NG prices. |
