TSX:SOT.DB - Post by User
Comment by
pennylane101on Sep 08, 2024 8:13am
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Post# 36213634
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Be careful
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Be carefulFund managers can't afford to take risks the way retail investors can. They have a reputation to uphold to their clients and their employers. So you don't believe that when the bonds sank to the low teens that it was tax loss selling. What do you think it was, "wash trading" to create the illusion of panic? The trades were synchronized. Just my observations.
'm curious how much fun, flutter money you have invested in Slate debentures. Do you also hold the units? It's all relative, of course, your "fun" money could be more than what I've got invested in the debentures. I would never risk big money on a speculative trade. Graham and Dodd do talk about investing in stocks with a safety margin. The unique thing about Slate is that they actually have properties and land as collateral for the debt and there is quite a fair bit of margin before the debentures take a hit. See you on the other side.