Nortel was once the crown jewel on the Toronto Stock Exchange. At one point Nortel alone accounted for 35% of the entire composite index. Today the weeping giant, Nortel, announced that they have filed for bankruptcy protection. You can see the announcement on their website.
Trading on the TSX has been halted, and according to Andrew Wahl [...]
Entries Tagged as 'Trades'
Nortel is Bankrupt
January 14th, 2009 · 2 Comments
Tags: Trades
New Position – T.PWF.PR.K
October 2nd, 2007 · No Comments
I entered a new position this morning and I thought I would discuss the reasoning.
Trade: Long on POWER FINANCIAL CORP 4.95% NON CUM PFD K (PWF.PR.K:TSX).
Goal: Dividend income.
(Image from http://www.stockhouse.ca)
Analysis:
Support at $23.10
Resistance at $24.20
Down-side potential of 0.09 and upside of $1.00, however at redemption price this would be a an upside [...]
Tags: Trades
