Best time to hold, worst time to sell @$2.65I follow Stockhouse one and off. Mostly off. I am curious about the correlation between Stockhouse bullboard activity, AIM being the #1 bullboard in terms of viewership yesterday.
I also follow the most active stocks on the TSE by volume and AIM was in the top 20 yesterday. You can get most active stocks
HERE In looking at the series of events on this stock, this certainly appears to be a professional and coordinated short attack. And, this looks like "ground zero".
And as noted by the disfunctional trader activity on this discussion board, we have a lot of represention from short sellers. Short sellers that shock and distort honest shareholders to have legitimate investors sell their shares in panic. This is what is happening here.
When these happen, one needs to look at the validity of the short selling and what will happen next. Let's leave this aside for now and focus on facts:
1. Management, in Q1 released this month indicated they were aware that Air Canada was considering announcing they would create a new frequent flyer program, leaving Aeroplan with Aimia.
2. Management also indicated this was during contract renewal for a contract that expires in 2020 and that they felt the Aimia and Air Canada relationship would be better preserved as is. The two parties are not in agreement. These types of negociations are generally not done in public. AIr Canada is using highly questionable techniques here!
3. Aeroplan is the #1 loyalty program in Canada. It is a well known brand which is ironically associated with Air Canada, not Aimia. Aimia has really been the silent operator and have done a great job making its way to be a top 3 Canadian dividend stock.
4. Aimia not only has a close relationship with Air Canada (since, after all, Aimia was spun off from Air Canada) but with leading banks in Canada including CIBC, TD and AMEX. Those relationships are contracted until 2024 so nothing in the structure of the dividend producing structure will change.
5. AirMiles is #2 but it's a US loyalty program. Aeroplan is Canadian and offers much better incentives and reward than AirMiles.
6. Air Canada, a few days after AIM Q1, announced that it was looking to create a new frequent fllyer program for its airmiles. But this does not make sense. The world associates Aeroplan with Air Canada's frequent flyer program and Aeroplan is owned by Aimia as part of the spin off. This is just a cheap negociation ploy by Air Canada to force Aimia to its terms.
I have held a small amount of AIM stock in my portfolio for years and just in the past few days figured out why I was holding it. I was an AC holder at one point and this was given to me as part of the spin off years ago.
Now, in light of the clear short attack on this stock and the bear raid currently going in on this discussion board, I am contemplating adding a very large position to my small AIM position. I won't discuss the number of shares I had before I clued in to the short attack but it was small. So small, I didn't even know what the stock was. I hold many of these stock which are left over from decades of self directed investing. I started in the 1990s when online banking was first available.
I can imagine being a retired person holding this stock and seeing its value fall so hard and so fast. The press has little information on this stock, they appear to be as puzzled as everyone else. So for all you retired people, hold tight, the worst is over (or close to being over). Again, AIM is the #1 bullboard for a reason...
The last entries for news was in fact being very positive on this stock as a top three dividend stock in Canada.
Now, If you hold this stock, DO NOT SELL! ALL OF THESE POSTERS HERE WANT TO BUY SHARES SOON.. Will it be today? or next week? Who knows but you can be sure that once this turns around it will be violent. If you sell now, it will be the worst possible thing you can do especially if you are a retired shareholder which is dependent on the dividends.
You will be selling your shares to market crooks. Plain and simple.
Make no mistake, the dividends are safe. Call the company yourself. They have been announced and if that changes, it would be contrary to everything this company has done for far. The company has an excellent track record on dividends. That's why it's top three in Canada!
I plan to add to my current holdings in a VERY big way. I will wait for the stock to turn around but this is a once in a lifetime opportunity from my perspective.
All these bashers, story tellers, and unscrupulous traders here are here for one reason and one reason only. TO BUY YOUR SHARES AT THE LOWEST PRICE POSSIBLE. Most of them are dishonest crooks that all appear to know each other.
Be smart, wait for official news. I plan to make this my #1 dividend stock in my margin and registered accounts (TFSA and RRSP). Aeroplan is not going away, the bank card contracts which generates over 75% of the profits are not with Air Canada but with CIBC, TD and Amex. Those are contracted until 2024 and very, very safe. Focus on facts, not what the crooks tell you.
Air Canada will be the ones who lose out by using t his "public forum" negotiation tactics for their frequest flyer program owned by Aimia. The other losers will be the scared shareholders who have sold in panic. If you sold, do your research on credible sites and consider rebuying as soon as you see the trend change.
Don't let all the crooked traders steal from you. That's why they are here.
And if you buy now, you will get 30.19% dividends yearly based on the rediculously low stock price. You can be assured that management will keep the dividends which are based on "Free Cash Flow" and that cash flow comes from the 2024 contract bank cards.
Focus on fact. The deceitfull traders here will enjoy their money in hell. Keep that in mind crooks as you put your head on your cash stuffed pillow!