TSX:HSE.PR.B - Post by User
Comment by
RagingBull3on Nov 08, 2020 8:49am
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Post# 31859152
RE:For Once The Small Fish Has The Advantage !!!
RE:For Once The Small Fish Has The Advantage !!!There's only DEEP POCKETS that came into the Preferreds at least Twice, and bought right across the entire market.... He/She comes in and buys for only 1 or 2 days and buys the preferreds across the entire market and then disappears. Sellers didn't know what hit them.
Not sure if Deep Pockets will show up again.... Many Preferreds hitting the $25 wall already.
Again, all just my Tin Foil Hat thinking/opinion.
RagingBull3 wrote: Much Easier for the small fish to accumulate at these crazy low share prices on the Preferreds than a Big Fish.
Really, When Preferreds were yielding 16% you didn't see Buffet come in and snatch them up. Across the entire market Preferreds were offering crazy high yields back in March/April. I'm sure 16% would interest Buffet.... Yet, didn't here anything about him jumping into Preferreds.
He's too BIG.
Even at current yields of ~9% I think it would interest him.... problem is, he wouldn't be able to get that many shares (relative to the size of his bank account).
So, basically Virtually ALL THE BIG BOYS are out... Only us small fish here making $$$$$$$$
Another round of Juicy CASH Dividend into the BANK just around the corner.
All just my opinion.