Trading B shares for A sharesI told you guys before that I am regularly trading my B shares for A shares when there is less than $1 ($.04 pre reverse split) difference and buying back B shares with my A shares when the difference is much bigger. You obviously cannot wait for days to sell and buy back. I usually do it within a few minutes.
Using this approach I do generate a fair revenue. The risk is minimal if one does it within a few minutes. It is not considered day trading by Revenue Canada because A shares are different from B shares.
All of this to tell you that this week is a golden opportunity to sell your Bs and buy As given that the difference in share price has been well below $1 at mutiples occasions. I was able to buy some when the difference was as little as $0.75
Obviously, if the price of A shares goes up to $4 or $5 above B shares, I will reverse the process.
This is not a get rich quick scheme. However it is a good way to increase your Bombardier portfolio without having to invest addional funds.