RE:Telus - down and downI held a signifcant position in Telus and bailed in the first minutes of the morning at $25.15. I don't usually do that kind of thing, preferring to hold my blue chips until the end of time. However, each case should be evaluated individually, and in this situation I felt that the negative forward guidance would limit future profits considerably, and I decided not to stick around to find out. Who knows?
My concern is that this is an industry phenomenon, not just Telus. Do I cut back my position of BCE? Better to act before an announcement rather than after . . .