Let's have some fun!!!!!Sorry disappoint you aclcmc but I'm not short yet but once again I'll be sure that you'll be the first to know when I am. So long as rampant QE or printing money like there's no tomorrow persists, I'll be sitting on the sidelines, where shorting the banks are concerned. Here's a little tidbit of info. for the lack of informed bank pumpers: QE officially ends in the US at the end of March.
I can see quite a few amateur shorters have shown up recently with a post here and there. For the shorters: you must know that an overbought (and not to mention an overvalued) condition can persist for quite some time. Don't try to time the top! 99% of speculators involved in strategy will fail.
As stated before, volume in the rally for the banks has been anemic. Thank you aclcmc for posting the on the day that RY had a surge in volume. Unfortunately for you the SP did not rise on spike in volume. As I stated before, the big boyz are positioning themselves to exit their positions, while the retails that are buying on the rally are being set up to be the next set of bagholders.
"But twice a day, as you may know, even a stopped clock is correct. aclcmc"
OK aclcmc we'll have some fun. I've reset my Stockhouse portfolio and only the 6 major Canadian banks have representation in this PF. For the record we are using the prices from the Thursday, March 25, 2010 close. So the contest will be........ARE YOU READY TO RUUUMMMMBLLLLLLE........Aclcmc vs Bluenote and we'll take the stopped clock out of the scenario. I hope you don't mind Bluenote.
Score Aclcmc 0 ----- Bluenote 0
|
Company |
Last Trade |
Change |
% Change |
Volume |
Gain Since Added  |
|
Bank of Montreal (T.BMO) |
62.30 |
0.31 |
+0.50 % |
1,420,836 |
0.00 % |
|
Bank of Nova Scotia (T.BNS) |
51.82 |
0.50 |
+0.97 % |
2,275,341 |
0.00 % |
|
Canadian Imperial Bank of Commerce (T.CM) |
75.97 |
-0.22 |
-0.29 % |
2,018,503 |
0.00 % |
|
National Bank of Canada (T.NA) |
62.64 |
-0.09 |
-0.14 % |
394,752 |
0.00 % |
|
Royal Bank of Canada (T.RY) |
60.38 |
0.43 |
+0.72 % |
2,559,481 |
0.00 % |
|
Toronto Dominion Bank (T.TD) |
76.50 |
0.48 |
+0.63 % |
2,941,254 |
0.00 % |
public portfolio performance: 0.00%