RE:RE:RE:RE:RE:Bcebartno12001 wrote: thanks condor. i will wait a year on both telus and bce. i have a feeling when these recover there is potential to make 25k-30k. i think telus will recover to 27 and bce to over 50 in a year. lets see. hopefully trudeau resigns.
but today i was getting squeezed. i had to sell bns today because i was running low on cash. its either take a 200 loss on bns and average down on bce or continue to see but if bns goes down also then i will be trapped.
both bce and telus are offering such high dividends i am just finding it difficult to resist. if bce cuts dividend i will probably sell TD and average down more. lets see what happens.
i also have 50k in heloc which i might use if these stocks (telus/bce) come down more. nothing will happen to telus or bce and these prices are at least 30%-40% lower than what many big folks have bought at.
There is no realistic way that BCE will be anywhere close to 50$ within a year. Might not even pass 40$
I own Telus, and can honestly say that I don't expect T to be 27$ either by next year.
Your price projections are not realistic. More like wishful thinking.
Last point,, don't even think about using your heloc to buy BCE or T. Just because the SP is 30-40% lower doesn't mean it'll go higher.
IMO , BCE has not finished sliding yet.
Dec 27th is the last day for tax loss selling, but I expect Dec 24th to be the last down day.
All IMHO.
GL.