Monday TSX is closed. Great past week $-)Monday TSX is closed. Great past week $-)
However, if holding BB, long or short or neither and you want to go long or short BB you can on the USA markets. Call your broker if need be. Granted to do any of the aforementioned will cost you your broker's higher x-rate versus the forex rate. The cost is about 1.5% higher one way, hence a round trip is about 3%. Furthermore, it can take several days to get your funds in your account straightend out re going from Canadian to USA to Canadian.
I have done this before several times on many holidays and will never again as it has cost me money everytime, so from now on I am not trading on Canadian holidays, ever again!
I am back in cash for the weekend. I got burned on my last short trade, did not like the bizarre action watching BB go 10.04 to 9.96 to 10.30 to 10.12, closing at 10.15 and afterhours at 10.18 cdn. I am glad I covered, albeit will be back to short this garBBage. There was too much market making action going on for my liking trying to pump this junk higher. And with the massive DOW slide this week going in to a long weekend I did not feel comfortable holding this BB garBBage long or short. I will pick up the action on Tuesday, with without BB as it is nothing more now than a bullshit gambling stock trading on speculation only.
I expect to short banks on Tuesday.
In the end it was a great week and past 15 days re +9.6% and +34.5%. 2% per day is my average target. Money made in this time from shoring BB, AC.B, RY, BBD.B and natural gas. I don't think there was anything else nor did I ever go long on anything at anytime.
Trade 'em, don't buy and hopium them!
GLTA, have a nice long weekend, everyone.