I have not done any contra trades in a long time. Well, I did one today and lost some money in the process. Good heavens! What has happened to me? Well, you might remember that I made a decision last week to buy some units in LMIR at 40.5c a unit. It was motivated by the fact that price had fallen significantly from when I sold a big portion of my investment in the REIT exactly a year ago and how distribution yield was an estimated 8.6% at 40.5c a unit. Arguably, it wasn't expensive. Unfortunately, things went awry and based on the latest results, the annualised distribution yield is only 5.53%. I always try to look ahead to see if a business could do better and I surmised that LMIR could see a higher DPU in the following quarter which could push annualised distribution yield up to 6.51% (based on unit price of ... ...