Post by
deisman03 on Sep 14, 2023 4:54pm
Nice pop in price
Good on the folks that bought in at the last bottom
Nice profit here.
Now the question is, hold for the distribution or sell for 3X the distribution amount????
Also, is this a dead cat bounce before the financial storm being predicted or pooh poohed by the talking heads.
Quite the dilemma.
If it's a "dead cat bounce" throughout the financial sector, where will the top be and how far will it tank?? $9-10?????
The recent revelation of money being offered in the form of NO GST, but no interest rate cuts, to builders of private/rental housing/condos in Ontario etc may just give the banks the financial leverage they need ??????
Interest rates, driven mostly by HIGH ENERGY TAXES, which balloon inflation (which the Liberal/NDP coalition will never admit to) will still remain high for the potential purchasers and still make the new, more expensive, dwelling less affordable than ever.
It's all still just an artificially induced scenario by inept leaders/manipulators.
Quite a quandry and I just don't have enough insight to see the outcome. Good or bad.
GLTA the good folks here.
Comment by
SueBee2772 on Sep 15, 2023 9:49am
I don't like giving advice in case I'm wrong in financial matters but if I was in that situation I might sell a day or two before the x dividend date. The price would peak for this cycle. The reason I'm skeptical on split shares is what happened looked to me like a massive amount of short selling and I'd be worried about them coming back when you least expect it.