Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.PR.A

Financial Services Asset Management

The investment objectives for the Preferred Shares are to provide their holders with fixed cumulative preferential monthly cash distributions in the amount of $0.05 per Preferred Share ($0.60 per annum or 6.0% per annum on the issue price of $10.00 per Preferred Share) until November 30, 2023 (the Maturity Date) and to return the original issue price of $10.00 to holders on the Maturity Date. The Company will invest on an approximately equally-weighted basis in Portfolio Shares of the following publicly traded Canadian banks: Bank of Montreal; Canadian Imperial Bank of Commerce; National Bank of Canada; Royal Bank of Canada; The Bank of Nova Scotia; and The Toronto-Dominion Bank. The Portfolio will generally be rebalanced on a quarterly basis, starting on September 30, 2020, so that as soon as practicable after each calendar quarter the Portfolio Shares will be held on an approximately equal weight basis.

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Big Banc Split Corp

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Comment by PUNJABIon Aug 29, 2012 9:39pm

221 Views

Post# 20277388

RE: RE: One large seller only did the damage

With the run from $1.34 to $3.30 the stock was too stretched. Now the cup has its handle. The cup and handle formation is complete. It is important that the stock hold $2.46. The stock is no longer over bought. Only one fast indicator is in over sold area.

Short position has jumped up again. It means that short sellers like to short the stock above $3.00. Now if they come out with good results then you can have a short squeeze. Which could blast though the resistance.

There are still some institutions that do not like the stock over. $3.00. Only time will tell if they are right in increasing their short position.

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