Bullboard - Stock Discussion Forum Canadian Life Companies Split Corp T.LFE.PR.B

Primary Symbol: T.LFE Alternate Symbol(s): CLSPF

The Companys investment objectives are (i) to provide holders of Preferred Shares with fixed cumulative preferential monthly cash dividends in the amount of $0.04375 per Preferred Share to yield 5.25% per annum on the original issue price (ii) to provide holders of Class A Shares with regular monthly cash distributions targeted to be $0.10 per Class A Share to yield 8.0% per annum on the... see more

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Canadian Life Companies Split Corp > Stink bid missed

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Post by flamingogold on Jan 26, 2022 9:44am

Stink bid missed

Had a stink bid in at $4.15, didn't get there. Was playing for a quick flash crash down at which point I would dump when hitting $5 again. This is not a stock to hold for the distribution and the latest event was another example. Not sure why this stock seems to always be a death knell for a correction but it is.

100

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Comment by EdPaquette on Jan 26, 2022 10:24am

Raise your stink bid to about 4.75. There should be a retest.

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Comment by flamingogold on Jan 26, 2022 11:59am

Too high imo, that is not a stink bid level and leaves one too vulnerable to getting trapped in this one. The volume is low and liquidating usually requires hitting bids at varous lower levels.

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Canadian Life Companies Split Corp