Post by
fakmiz on Sep 30, 2021 12:57pm
Some shareholders panicking?
Share price have dropped substantially in past week. I believe this is mostly because of short sellers/day traders manulipulating the market. However some sales may be because of panick selling by pensioners on the advice of their financial advisor. CIBC pays an excellent dividend and there is no doubt that when the Government suspends the dividend/Share repurchase mandate (hopefully within the next month or so) the dividends/ share repurchase will increase as will the share price. I would hold onto my shares but that's just my opinion. And yes, I am a long term shareholder.
Comment by
MrAnderson on Sep 30, 2021 1:59pm
Well, Trudeau did say that if he was re elected he would slap a new tax on the banks. Most banks have been a bit volatile since then. Combine that with inflation worries and I think people are unsure where bank stocks should be at.