RE: TD Target $50 from $48Rogers usually trades slightly up following a quarterly announcement, topping up quickly thereafter. It then tends to head back down $2-3 for a couple of months. That is where I accumulate.
For disclosure, I sold 1/3 of my position at $44.25 the day of the announcement. I sold a bit more at $43.58 today.
I anticipate that I will be able to buy these shares back at $42 in the next six weeks. The one boogeyman this quarter is the amount of money sloshing around in BCE. If BCE shareholders decide to come over here, then RCI.b could very well continue to run during the quarter.
AIMHO,
Larsen6