Got stopped out of MGG this morning, I was so bullish on this and since listing the buyer support has been great - easily sailing up over $1.70 And the NAV is steadily growing.
But... last few days she has been sold down. I was trailing with a stop to make sure I got out with profit should the price drop and boom I'm gone.
Didn't want to take the risk of the loyalty units triggering a sell down in Jan, and then the trust potentially trading at a discount to NAV.
I'll be watching and may re-enter post loyalty units in mid Jan. GLTAH.
And I'm out.
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