Bullboard - Stock Discussion Forum BCE Inc T.BCE.PR.K

Primary Symbol: T.BCE Alternate Symbol(s): BCE | T.BCE.PR.A | BCPPF | T.BCE.PR.B | T.BCE.PR.C | BCEPF | T.BCE.PR.D | T.BCE.PR.E | BCAEF | T.BCE.PR.F | T.BCE.PR.G | BECEF | T.BCE.PR.H | T.BCE.PR.I | T.BCE.PR.J | BCEXF | T.BCE.PR.M | T.BCE.PR.N | T.BCE.PR.Q | T.BCE.PR.R | BCEIF | T.BCE.PR.S | T.BCE.PR.T | T.BCE.PR.Y | BCEFF | T.BCE.PR.Z | T.BCE.PR.L

BCE Inc. is a Canada-based communications company. The Company provides wireless and fiber networks. The Company operates through one segment: Bell Communication and Technology Services (Bell CTS). Bell CTS segment provides a range of communication products and services to consumers, businesses and government customers across Canada. Its wireless products and services include mobile data and... see more

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TSX:BCE - Post Discussion

BCE Inc > This morning weirdness

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Post by BlueDawn on Nov 21, 2024 1:07pm

This morning weirdness

Before open there was a 1.25 Million withdrawal of shares available to be sold short.

Availability went from 400k to 1.9 million (brokerage making mor available) to 650k available.

this is not a normal pattern and when combined with the morning trading looks like an amplified selling period.

on the NYSE only 1.5 M shares have traded, how much of that was shorts from that drawn down????

looks like this price drop may not be tax loss selling but more shorting pressures on NYSE...

https://fintel.io/ss/us/bce

take a look here

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Comment by oilisswell on Nov 21, 2024 2:21pm

I am more inclined to think shorters would be covering here. Otherwise, the SP would be much lower due to greater selling pressure. Some people are buying, as the dividend is still there and the upside potential is there. When there's blood in the street.................this is where the big boys make a lot of money, fleecing the small time investors. Tax loss selling? Possible. Short ...more

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Comment by BlueDawn on Nov 21, 2024 3:18pm

I agree with you and that's why I found that data to be so strange what's causing the big drops in availability... They should be covering here we are at less than 75B enterprise value... if you take a 20 year mortgage at 5.5% for 75B your Annual payment is 6B and after 20 years it's paid off... (interest and principal) current interest and dividend is about the 6B ...more

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