The plunge this afternoon in BCE Stock caught me somewhat by surprise. I have been watching the stock but I did not think it was going to drop quite so hard. Part of the reason of course is the ongoing news that the government is continuing to work towards reducing tariffs and enhancing customer choices by bringing in more competition within the wireless segment. Still though BCE has a commanding position and with Astral expecting to pour $720 million into BCE revenue, faster internet, Fibe TV and a steady economy, BCE should do well.
I therefore took advantage of the weakness and did two trades in BCE this afternoon.
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