RE:RE:BOUGHT DEAL,,,,,,,,,,,,,,,,,,,,,,,PAIN........!!!!!!!!!INDEED CWX Suffered MUCH More than the NORM with Bought Deals.
Turns out that there was a HUGE 880K SHORT POSITION on it__TIMED of Course by
the BIG BOYZ to the Bought Deal__which has NOW been ELIMINATED Back Down
to 10K Short__THUS the Last 2 Days CWX has began the move Back UpWards.
SargeX wrote: Hey Red
How she go?
These bought deals on the divy payers do wear a little thin at times. Sometimes the company puts the new dough to good use and other times it doesn't. Such is the life of the dividend investor.
As an aside, the CPX bought deal was definitely at an opportune time and hasn't really done much to the share price, especially compared to CWX. I went back to their charts and on April 21st, just before CWX's bought deal, CWX closed at $10.72. Today, it closed at $8.74 so is down 18.74%. On Apr 21, CPX closed at $38.59, it had its bought deal yesterday, and today it closed at $38.11, so is only down 1.24% in the same timeframe with the same sort of circumstances.
Anyway, I'd say I'm way ahead with owning a full position of CPX and no CWX. I also have no doubt that CPX will recover to its recent high in the next couple months. We got into CPX last Sept at $29.07 as an ALA replacement and we've really been tickled pink with it ever since.
Take her easy
Sarge
Red_Deer wrote: Hey SARGE__Looks like This BOUGHT DEAL has Cratered Share Price eh !!!__EVEN MORE
that What I SUFFERED on CWX !!!!