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- Jul 23, 2007
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For me, PVX (Provident Energy Trust) is a CRT that pays a hefty dividend (11%+) and recently took a dive to present a buying opportunity.
Also, recently passed legislation in Canada put the nail in CRTs coffin as CRTs are becoming disbanded. Govt was getting frustrated many of the trusts were forming to avoid taxes, but it turns out now the companies are seeking alternatives and are basically packing up and moving out of Canada... the political scene is wreaking havoc now so anything can change between now and enactment.
However, existing trusts will likely stay trusts until 2011.
That means a few more years of status quo
which is more than can be said for any other structure
(which could change at any minute).
Firms are not packing up and leaving Canada.
They're getting bought out by foreign investors
because they're bargains.
Kidgas, I saw ur post on AKS on the RD Forum(Hot stock post) and shorted it promptly. Covered for a small profit and shorted again later.
I bought LVS at 80 and sold off yesterday at 97. To shed some light on this stock - it was down to 70's for two months then in a week and a half climbed to 108 and now is down to 94 in 4 days.
Mike, what is the technical side telling right now? I follow the news and think (hope) this is the buy time and if I am buying I am throwing most of my money in. What's everyone's take?
Looks like AKS is up quite a bit today. Near term, I think there will be lots of volatility in the market.
VMW just wont stop.....and I dont own any :bgh: :smx4:
Shorted BCSI this morning and hoping to ride it down for a while. I don't forsee another rally anytime soon unless the FED interferes again.
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