Post by
mill44 on Jul 12, 2017 3:50pm
Ex-rights day
Tomorrow the rights will be split from the shares. Taking no chances, raised the money today for my TFSA accounts.
Comment by
mrrbc on Jul 12, 2017 4:09pm
Prudent approach Mill. I have done the same in my TFSA and across my other accounts. In a state of readiness to pull the trigger. Mr RBC
Comment by
mill44 on Jul 12, 2017 4:34pm
Considering the restrictions of a TFSA, leaving yourself with no options is not the smartest move. I have enough time to weigh the options in the other accounts, react to real-time information, but not there. Now, if the SP drops to 5-10c, I can buy shares and force Rule to pick up my rights at 10c, then watch him promote the stock and enjoy the rise of the SP. If it will not drop, even better.