Post by
Karl63 on Nov 14, 2022 10:15am
At this point down 31% in two days
What could have gone so wrong here with this Bay Street darling, this "solid" blue chip investment that it has declined 31% in two days (and not done yet)?? Unbelievable . . .
Comment by
BSdetector2016 on Nov 14, 2022 10:20am
Part of the problem is professional predation. Shorts are making out like bandits with this one. The other issue is that Banskota has ensured that AQN is a tax loss turkey. Dump it now and buy it back before Christmas.
Comment by
1condor on Nov 14, 2022 10:47am
BSdetector2016...good point about tax loss selling...this stock suits that bill. Not a holder but monitoring for a trade.
Comment by
Karl63 on Nov 14, 2022 10:31am
Certainly true now . . . yes, I'm not sure there is such a thing as a mid-cap blue chip stock, but that's the way many people were treating it. I think a $9 bid pending a dividend cut is wise.