Bank of Nova Scotia Stock continues to be volatile. Following earnings release I indicated that I was expecting the stock to become a bit more volatile simply because of the quarterly results and the various changes in ratings that would occur. TD Securities was first to downgrade the stock to underperform and the other security firms have followed.
This is creating lots of opportunities for making profits in what is a solid stock under pressure from analysts who continue to “spook” investors. My latest trade is designed to continue to build the profit potential into this trade. When a stock falls that I have a lot of confidence in, I start out with small positions and build toward the ultimate profit potential in the stock. This is what is happening this morning.
Here is the latest trade in BNS Stock and my plans for part of the trade. This article is for members of FullyInformed Canada.
Bank Of Nova Scotia Stock (BNS) Trade Alert for Aug 29 2014
FullyInformed Canada Members can can review the latest BNS Stock trade alert and strategy discussion directly through this link or they can sign in to the full Canada members site here. Non-members can join here or read about the benefits of being a member.
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.