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Weekly stock market update & five stock related articles we thought were a must-read this week
One of the stocks that our company follows got attacked this week. That’s right, Well Technologies (WELL on TSX) was the subject of not one, but two, short sell reports, designed to strike fear in the hearts of investors and drive share prices down. WELL fell about seven per cent intra-day on the day the first report was released.
We looked at the reports and the main conclusion of both was that Well’s recent $360-million purchase of CRH Medical was not a good acquisition. Maybe it will be, maybe not. But we reminded our clients that every single trade they have ever done had an equal and opposing view. That stock you love and has quadrupled in four years? Someone didn’t like it much and sold it to you. If a company you own gets attacked by a short seller the key is not to panic. That’s what the short seller wants you to do.
But the whole process got us thinking: Do any of these attacks actually work? Sure, short selle
Weekly stock market update & five stock related articles we thought were a must-read this week
Q: HFR's indicated dividend is .01 per unit but it says it offers a 2.25% yield, what am I missing?
Read AnswerQ: Is it safe to assume that it takes ~ a week to update the new information from the company? Latest earnring report from CNQ is not posted yet.
Read AnswerQ: Hi group re TSFA i have $36,000 room - i was going to sell some losers Like KXS and DOC so i can claim the loss - does the fact that the cash will go into TSFA make any difference with the 30 day repurchase rule? - or does it still apply - thanks
Read Answer
Horizons Active Ultra-Short Term Investment Grade Bond ETF (HFR)