BSR Real Estate Investment 5 00 convertible unsecured subordinated debentures T.HOM.DB.U

RE:Strange Stock Action

[retiredcf]

retiredcf wrote: About a month ago, HOM.UN was in the high $23's. It then marched inexorably forward to close around $27.50 on March 18. Even more impressive was that the volume was huge on that day (1.83M). Since then, the SP has been steadily trending lower, culminating in closing out last week at $25.55.

So today, with the REIT sector seriously in the red, HOM.UN is one of only two out of 15 that I own that is in the green. Makes me wonder if the Market Makers are playing aound with this company. GLTA 

Best guess is that there was a bit of a leak on the upcoming financing which would then explain the recent action in the SP. 

On a positive note, this is a strong vote of confidence from the investment community given that we only began to hold above this financing level for the first time about 5 weeks ago. In addition, it's also the big boys participating in the financing instead of the second tier investment firms. GLTA