TSX:BPO.PR.A - Post by User
Comment by
pierrelebelon Jan 09, 2025 12:08pm
80 Views
Post# 36396247
RE:RE:The devil made me do it!
RE:RE:The devil made me do it!
As I like to tell my wife: more luck than brains!
Still a (paper) profit of more than $1,000 on that trasaction from early last week is OK.
A (paper) gain of more than $11,000 on our BPO.PR.T position - in ten days - is something to smile about!
We do not expect to sell anytime soon. Still looking for $20.00+ per share - a yield of 8.5% some time this year.
I am still baffled by traders/speculators increasing their short positions by 12.2% in the last two weeks of December on combined issues of BPO preferred shares. At current - above average, tax advantaged - yield one would expect traders to BUY, not SHORT.
Oh well, eventually they will have to cover their shorts and cry while I smile!