Some quick comments this morning and some possible trade ideas on National Bank of Canada stock which just days ago collapsed below $41 on the news of a new $300 million common stock issue.
Today’s move shows why I love trading these banks. My trade is up big and I am still holding longer. Here is a look at the quick jump this morning and some ways to play it for those who are not in it.
The rest of this quick comment is for Canada Members.
Quick Comment for Oct 7 2015 10:30 AM
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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.