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Global X Gold Producer Equity Covered Call ETF T.GLCC

Alternate Symbol(s):  HEPZF



TSX:GLCC - Post by User

Comment by gina_cobbon Oct 11, 2011 3:22pm
281 Views
Post# 19138145

RE: Discount prices won't last long

RE: Discount prices won't last longHI trade
                 "Dividend announcement is expected anytime soon. The discounted prices won't last long. With gold price surging steadily and investors feeling more confident, we can expect a bidding war for shares soon to come.
The distribution is usually announced around the 20th of the month
I believe that the SP is held close to the NAV by the market maker (National Bank) as they make most of the sell trades
I don't expect a bidding war unless they stop selling shares into the market!


I hope you are right and I am wrong.


JMHO
Gina
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