This is a FullyInformed members Fortis Stock trade alert. Two trades done today on Fortis Stock. (FTS). Fortis stock trades on the Toronto Stock Exchange under the symbol FTS. It does not trade on New York. It trades in Canadian Currency.
Fortis Stock Plunge On Buyout of UNS
Fortis Stock plunged today on the news of the buyout of UNS. I may be early here but this outlines the trade, my outlook and how I plan to trade this position. I have earned over 18% this year in FTS Stock. Today’s trade though is “catching a falling knife” which is often not the best trade idea. I explain in the article why I like it despite the obvious further danger to the downside.
FTS Stock Trade Alert Dec 12 2013
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