Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures T.MRT.DB.A

Volume is like vapour ware

[flamingogold]

Tug of war here, The only shares left are the hard core shorts waiting for zero and the two billionaires waiting to clean them out.

Who will win? I know what my money is on.

[pierrelebel]

"two billionaires waiting to clean them out." Readers may have noticed that George (Sime) Armoyam stopped buying units a month ago. Why? Because he is busy trying to save Slate Office Reit (unit price down from $5+ to $0.20) from bankruptcy. He may be running out of extra cash.

[luscar99]

This post has been removed in accordance with Community Policy

[pierrelebel]

"Not true." I should have been more precise. On most days in May, his purchases exceeded 10,000 units. They did not in June until the recent day recorded after I posted.

[luscar99]

This post has been removed in accordance with Community Policy

[flamingogold]

The REIT sector for street investors is poison. But, the billionaires see it differently. Might explain why they fall into the 1% of plutocrats.

[NotDrake]

Outside of the few megacaps and meme stocks the TSX is the new VSE, REITs are the new mining stocks.  Only investable when they crash for pennies on the dollar.

[flamingogold]

Armoyan is buying MRT units again. He's not running out of cash. He's buying this in a certain range, which we briefly moved above. Now, we're back down again and he's hoovering shares once again.