TSX:BPO.P.A - Post by User
Post by
pierrelebelon Oct 30, 2023 6:52pm
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Post# 35708280
Tax Loss Selling?
Tax Loss Selling?
Despite the Dow Jones Industrial Average gaining 511 points and the S&P500 49 points today, most BPO preferred issues were down.
In some cases, A and T for example, the volume was about three times the 30 day average daily volume. That almost sounds like "panic selling" to me.
I am still confident that those BPO preferred shares will eventually recover as interest rates stabilize in the next year or two.