Friday, January 02, 2009

Canwest

A great investment.
If you'd bought the turkey less than a month ago, when it was at 34 cents, you could have nearly trebled your investment.
Someone's buying. They're not picking up much, but they are edging the stock price up. Probably it's short sellers covering their position at year end, something that's driving the present sucker's rally before the market takes another hit when the Q3 numbers come out.
It will also be interesting to see RRSP investment figures this year. In fact, in about a month the banks will be driving us crazy with their dreadful, smug RRSP pitches.
If you did buy Canwest at 34 cents, sell it now.

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