RE:RE:RE:RE:RE:RE:BIG institutional broker was BUYING today AIMI agree with you .... those are crazy high divis. , but you think only you see that.... the company is blind to those crazy high divis.?As far as people that bought at $10 (8 % divi) , 90% of them are long gone...and the people that are in AIM now , couldn't care less about the divi. Yes buy the stock if you want for the oversold bounce , but stop kidding yourself about the crazy high divi.
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PROtrading wrote: They can't cut the divi because investors who bought at the $10s would cry bloody murder. Those people all bought on the 8% divi expections, their expectations hasn't changed. It would validate the temporary attack on Aeroplan from Air Canada.
It's all a leverage ploy.
What the 20cent/quarters does provide is a unique opportunity for buyers here at $2.50 and that is why big US money is buying.
I also think the company will buy back a ton of shares ASAP so they don't have to pay the crazy high divis on shares being sold at "fire sale" prices here.
I think we saw huge momentum shorts piling in via anonymous, all these shorted shares have to be rebought because this is not a "short to zero", which is the only time shorties don't have to rebuy.
Good point on the other houses. I really don't understand why anonymous trading is allowed. It allows the crooks and stock market manipulators to go undetected.