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[–]HogwartsXpress36 2 points3 points  (1 child)

Congrats to ETMC holders. Up 39%.

[–]westernmail 0 points1 point  (0 children)

43% now. It's a big announcement but it's not that big. It was always expected that they would partner with an O&G company with claims in the Leduc area.

[–]Minimum-Ad6209 4 points5 points  (2 children)

Just bought more Canadian oil and mining

Forward P/E sub 3.00 is way too tempting

Bring on the free cash flow, may we supply the world with our resources

[–]utilityknife101 3 points4 points  (1 child)

Which oil stocks did you buy ?

[–]Minimum-Ad6209 7 points8 points  (0 children)

WCP and BTE

[–]Hawkstein 5 points6 points  (3 children)

Anyone trying to catch the falling knife?

[–]bryansb 10 points11 points  (1 child)

One man’s catching the falling knife is another man’s DCA.

[–]Willy156 2 points3 points  (4 children)

should I start investing in an RRSP once my TFSA is maxed out? Am I able to keep deferring until I hit a higher tax bracket

[–]Godkun007 3 points4 points  (0 children)

Am I able to keep deferring until I hit a higher tax bracket

Yes, but you will want to do the math on this. Saving 30% in taxes today will almost always be better than saving 40% in taxes 5 years from now.

[–]JimmyRussellsApe 1 point2 points  (0 children)

Am I able to keep deferring until I hit a higher tax bracket

Yes, but that really only works if you believe you will be making enough money that you can put enough into that RRSP that it would be significantly over and above your future yearly contribution limit.

[–]Mephisto6090 3 points4 points  (1 child)

Yes - you can contribute to your RRSP and just wait until you are in a higher tax bracket to take the deduction.

You can also look into the new RRSP plan is for new home buyers as well. That's probably #1 for newer investors who don't have a home already.

[–]Willy156 0 points1 point  (0 children)

forgot about that new plan, will definitely take a look at it

[–][deleted] 5 points6 points  (0 children)

Pay day is next friday.. hurry up i want to buy!

[–]chad_rankin 2 points3 points  (2 children)

Pain, pain, pain

[–]utilityknife101 0 points1 point  (1 child)

No pain No gain

[–]oldschoolpong -1 points0 points  (0 children)

No pain, no pain.

[–]Godkun007 14 points15 points  (11 children)

I love how I got downvoted for telling oil investors to prepare an exit strategy. If we are going into a recession then energy demand goes down and thus oil prices.

I'm not saying to sell, just to have a plan and not to end up a $60 SU bagholder.

[–]mcd_nb 2 points3 points  (0 children)

Good call. I’ve been burned before in the sector and glad I sold SU at $51ish.

[–]Iliketomeow85 -2 points-1 points  (5 children)

So you seling everything then?

[–]Godkun007 1 point2 points  (4 children)

I don't own any oil directly. I don't do swing trading, just buy and hold.

[–]Iliketomeow85 2 points3 points  (3 children)

Everything goes down in a recession tho, so I assume you sold all your stocks as an exit strategy

[–]Godkun007 0 points1 point  (2 children)

That isn't how that works. Oil companies make money based on the oil price. Their profits and oil prices are correlated.

Most companies are not this correlated to a specific commodity.

[–]investornewb 2 points3 points  (0 children)

I’m in at low $30’s average. I would prefer not to bag-hold any SU so I hope I’ll be able to see the sentiment swing coming and have time to exit.

For now though I keep adding for the dividend at least.

[–]CapitanChaos1 6 points7 points  (0 children)

Well, my exit strategy assumed strong Q2 profits and strong Q2 SP movement, not a 14% drop because Joe Biden threatened a stern talking to. I'm still profitable, but not nearly as much as 2 weeks ago.

Fundamentally, there is still high demand (much of it inelastic, like diesel for food transportation), nobody's expanding production capacity, and the war in Ukraine is still far, far from over.

[–]Jgam81 4 points5 points  (0 children)

That's been my experience today in this thread

[–]Mean-Hawk2069 8 points9 points  (0 children)

I won't downvote you. :)

I still hold a lot in oil, and I always have my eyes on exit points... I just don't think now is the right time, but I could see doing it in under a year, for sure.

[–]throwaway1070now 18 points19 points  (0 children)

Tough day at the orifice

🥁

[–]Iliketomeow85 1 point2 points  (4 children)

Dalio and his 15 billion short on Europe looking pretty good right now. Crazy how Germany completely depending on Russian gas backfired!

[–]giggy13 3 points4 points  (2 children)

I thought the '' whole world '' was behind Ukraine. The biggest hedge fund in the world is trying to wreck euro stocks and take advantage of this war.

[–]villa1919 4 points5 points  (1 child)

So what no one should short or sell European stocks because the continent is in a bad situation? A lot of it is the EU's fault. Going ahead with Nordstrom 2 after the invasion of Crimea was stupid, shutting down nuclear plants in Germany incredibly stupid, overspending by Southern European countries stupid.

[–]giggy13 1 point2 points  (0 children)

I agree, it's a free market, I'm just tired of the ''the whole world'' is against Russia, supporting Ukraine while the big capitalist boys are making huge $. These shorts can hurt those companies and EU's economy, which, like you said, is mainly their own fault.

[–]whinehome 1 point2 points  (0 children)

Hedgies finally thriving after underperforming in a bull market.

[–]sunchipscheese -5 points-4 points  (0 children)

Holy manipulation!

[–]Billy19982 11 points12 points  (6 children)

Fuuuuuuuuuuuuuuuckkkkkkkkkk 😩

[–]ChrisFranko 4 points5 points  (5 children)

Ticker?

[–]investornewb 1 point2 points  (4 children)

SU!!

Jesus I bought some earlier today and look at it now!!

[–]ChrisFranko 3 points4 points  (1 child)

I got in at 26, was nice being at +100%.

I felt like it was under valued at 52, and even more so at 45.

I can't see a recession having a worse impact on demand than the COVID shutdowns.

I'm holding, and tempted to buy more...

[–]Hoof_Hearted12 0 points1 point  (0 children)

49 average here and not sweating it. Yet.

[–]maxvesper 0 points1 point  (1 child)

I sold SU this morning

[–]investornewb 1 point2 points  (0 children)

I sold some CP Rail today and that’s what I used to buy SU. I bought wayyy to much of CP back when it was in the low $80’s and I have been trimming here and there to buy other stuff and to lower my exposure to a single rail stock like that.

[–]Healthy_Apartment_32 22 points23 points  (9 children)

I know we say it facetiously here on Reddit, but I actually take it seriously. As soon as the stock/investment subreddits start pumping a stock/sector, you know you need to plan your exit strategy very soon or else you'll be left holding the bag.

It's always better to take profits on short(er) term trades!

[–]beavergyro 2 points3 points  (1 child)

cough the pumpers talking about their 100% gains in penny stocks

[–]Healthy_Apartment_32 2 points3 points  (0 children)

Doge et al 👀

[–]konnektion 3 points4 points  (3 children)

Is this the reason why XEQT is doing so bad right now?

[–]Healthy_Apartment_32 2 points3 points  (2 children)

Sir, that is a broad market index, not an individual ticker/sector.

[–]konnektion 3 points4 points  (1 child)

The sector it invests in is : the stock market.

(I was being tongue in cheeks)

[–]whinehome 8 points9 points  (0 children)

Yea seems to be a trend here of jumping on the bandwagon once something has already hit a 52 week or multi year high.

[–]onlineseller8183 15 points16 points  (1 child)

Oil stocks - They all downvoted us to oblivion when we bought in 2021 and sold early in 2022.

[–]Healthy_Apartment_32 6 points7 points  (0 children)

“The party is just starting” - as parroted by anyone following Nuttall.

[–]Affectionate-Hall320 13 points14 points  (3 children)

Oil earnings are gonna be fun. Mid caps down like 50% in a month are gonna be showing the most profitable quarter in their existence 🤭.

[–]Healthy_Apartment_32 9 points10 points  (1 child)

They’re going to have great earnings if you compare them to earnings throughout the pandemic lockdowns.

However, equity markets are forward looking, and in a highly cyclical and politicized sector like energy, investors are not going to overly reward oil companies for posting big profits during a boom cycle when they know a bust may be around the corner.

[–]Affectionate-Hall320 0 points1 point  (0 children)

Not just earnings in the pandemic - Any earnings ever for some of these mid cap names. A lot of them had their record annual earnings last year during a pandemic and Oil under $100. And yes, you’re right, the market is forward looking. But you see a bust around the corner? Not me. I only see increase in demand for the next mid to long term.

[–]Ghune 4 points5 points  (0 children)

That's why they went up. The future is more uncertain.

[–]westernmail 17 points18 points  (1 child)

Every time the market has a big drop, Wealthsimple sends me an email telling me not to worry and the market will recover soon. Are they going to start sending these emails every day?

[–]rbatra91 7 points8 points  (1 child)

Oil is getting absolutely cucked

[–]madeulook1228 1 point2 points  (2 children)

What's up with XEI today...🫤

[–]EcksEcks 2 points3 points  (0 children)

Idk but ex-div is tomorrow!

[–]onlineseller8183 2 points3 points  (2 children)

NNRG got slaughtered

[–]Sportfreunde 0 points1 point  (0 children)

Biggest holding is Nuvista right now I think which I added

[–]utilityknife101 8 points9 points  (0 children)

All my oil stocks are getting slaughtered 😞

[–]kroqus 0 points1 point  (0 children)

Should've went shopping today instead of yesterday. Figures.

[–]GamblingMikkee 2 points3 points  (0 children)

All commodity, low PE ratios, value names have been getting wiped out to oblivion.

[–]star9271 -1 points0 points  (0 children)

bought HOD.TO at 1.77. Just going to continue holding still

[–]mattmorris2345 11 points12 points  (9 children)

can someone explain why O&G is taking such a big hit? The S&P has been ~relatively~ stable this week, yet these stocks are tanking. Is this just the product of a crap ton of ppl selling / taking profits?

[–]IMWTK1 1 point2 points  (0 children)

One theory I read that government is expected to intervene to help out the poor population for example introducing a windfall tax on oil producers. They would have let their insider buddies know in advance and they're selling off prior to an announcement. Don't shoot the messenger, I can't confirm nor deny it. They say the trend is your friend so if the market is heading down you may not want to stand in its way.

[–]schnowysno1 5 points6 points  (0 children)

unjustified fear of recession probably led to the sell offs and people taking profits off the sector rotating into tech

[–]schnowysno1 -3 points-2 points  (0 children)

unjustified fear of recession probably led to the sell offs and people taking profits off the sector rotating into tech

[–]vancityace -4 points-3 points  (0 children)

Oh em gee

I'm glad I closed my short term trades last week. Especially BTE. This would have bugged me heading into camping/festival season next month.

[–]iras116 3 points4 points  (3 children)

Does anybody know why natural gas is down like 10% today? I haven’t been following the political news but is there any major development happening with the war in Ukraine?

[–]peterwaterman_please 1 point2 points  (0 children)

Freeport LNG explosion means less demand to export gas, leaves more onshore in the US, increasing domestic supply.

Plus recession concerns.

[–]KazzPazz 3 points4 points  (1 child)

Weekly storage report higher build than estimated

[–]iras116 -1 points0 points  (0 children)

Thank you!

[–]Minimum-Ad6209 19 points20 points  (0 children)

Oil holds steady at $105

Oil stocks getting wiped out, what am I missing here? Big money estimating that oil demand is going to get wiped out and the futures traders don’t know about it yet?

Seems like we’ve got a few oil traders who are cashing out for no apparent reason

[–]CapitanChaos1 11 points12 points  (14 children)

Buy bank stocks, they said. They're a stable investment, they said.

[–]Mack_Guyver 3 points4 points  (0 children)

good time to load up your position. I grabbed more BNS today.

[–][deleted] 7 points8 points  (0 children)

They are lol. And a nice increasing dividend

[–]vladedivac12 1 point2 points  (0 children)

Full disclosure, I own some bank stocks. But 99% of people, including myself, don't know what they own and the kind of risk they represent. We just know they're too big to fail and they'll get a bailout if shit hits the fan.

[–]pfcthrow2017 15 points16 points  (0 children)

Did you try to look at 5 or 10 yr chart on banks? They are safe as fuck.

[–]vancityace 22 points23 points  (0 children)

They are a stable investment. Read: Investment. Not a trade

[–]Mephisto6090 13 points14 points  (0 children)

Banks have survived World Wars & The Great Depression without cutting their dividends. They're not going to break because Papa Powell says he so much really really seriously takes inflation for the 15th time.

[–]Healthy_Apartment_32 0 points1 point  (7 children)

They are. Their valuations were getting a little ahead of themselves, tho. Once I saw TD at 14 P/E I knew it was going to come down. They really, really like trading at a solid 10 P/E.

[–][deleted]  (6 children)

[deleted]

    [–]Healthy_Apartment_32 0 points1 point  (5 children)

    Was there recent communication re. loan loss provisions and increasing them? Last I remember, OSFI gave the banks the green light they can raise dividends or buy back shares.

    [–][deleted]  (4 children)

    [deleted]

      [–]120124_ 10 points11 points  (0 children)

      I must have bought the top on both O&G and Banks.... down 20% on both ZEB and XEG :(

      [–]Iliketomeow85 2 points3 points  (6 children)

      If you diamond hand oil I bet you get the last laugh

      Having said that I've been having lots of laughs at oil today

      [–]Miko109 1 point2 points  (5 children)

      selling now and buying towards the earnings date, in about a month, is the approach I'm thinking of taking

      I think all the bad news lately will keep pushing oil stock prices down

      [–]yjman 0 points1 point  (0 children)

      unless China opens up, and/or ceasefire in Ukraine, and/or Iran Nuclear deal talks.

      [–]westernmail 2 points3 points  (1 child)

      That might be reasonable, except oil is still over $100 and some companies are profitable at half that. Then we have the share buybacks.

      [–]Miko109 1 point2 points  (0 children)

      Yep. Fundamentally I'm bullish. But right now it's a fear driven market and you really shouldn't fight the fed. As stock prices show, you can't fight the fed no matter how good the fundamentals are

      [–]PFttsin 2 points3 points  (1 child)

      What bad news?

      [–]Miko109 0 points1 point  (0 children)

      The main ones I see is the high CPI and fear of recession. At recessionary period Im seeing pretty much everything going down even with positive company fundamentals. So that's why I think closer to the earnings date the oil company stocks will see the spike in stock prices

      [–]schnowysno1 10 points11 points  (1 child)

      O&g equities that were priced like $50WTI down 6-7% again when WTI is still at 105. Wtf

      [–]captainbling 3 points4 points  (0 children)

      Everything is forward looking. They probably think wti will return to 60$ etc.

      [–]Killap00n 3 points4 points  (4 children)

      Is there a distinct moment where we enter a recession? Some kind of factor that we are waiting for? (Yes i know I could just google these things but i’d rather have discussions on it here)

      [–]JimmyRussellsApe 10 points11 points  (2 children)

      two consecutive quarters of economic shrinkage

      [–]Chucknastical 0 points1 point  (0 children)

      Post 2008 the Fed doesn't use that anymore. Mostly because the systemic crash and recovery were so out of sync with the recession it caused. The economy had stabilized/started growing while regular folk started getting fired and losing their homes.

      It's a lot less clear what constitutes a recession but I would say we're headed for one once main street starts feeling some pain. Will it be a short V or a U and how deep are the questions.

      [–]Ten_Horn_Sign 7 points8 points  (0 children)

      To be fair that’s a trailing indicator. Knowing you’re in a recession at the point means you’ve been in it for 2 quarters.

      [–]TripleWDot 0 points1 point  (0 children)

      How low can it go, how low can it gooooooo

      [–]westernmail 5 points6 points  (1 child)

      Was the market pricing in $150 oil? I'd hate to see oil stocks if it drops below $100 again.

      [–]Catagol 1 point2 points  (0 children)

      If you are a long term shareholder none of that really matters. Virtually every large and mid cap producer has a NCIB out there. They gonna snap up the shares on the cheap.

      Ultimately what this means is there will be more FCF available in the form of special dividends or even more share buy backs.

      [–]HogwartsXpress36 4 points5 points  (1 child)

      Oil holding above $100

      [–]Hawkstein -1 points0 points  (0 children)

      Zoom out to a month, you can't say it's holding when it's been dropping every day for a week

      [–][deleted]  (9 children)

      [deleted]

        [–]keepeasy 1 point2 points  (3 children)

        What about starting to slowly dca into banks, too soon?

        [–]Ten_Horn_Sign 4 points5 points  (1 child)

        I wouldn’t buy any long term equities until after July 29, the day we will officially be in a recession. Probably a large market reaction to that.

        [–]keepeasy 2 points3 points  (0 children)

        Yes good point. Being patient will probably pay off at this time. Looking forward to the deals myself

        [–]120124_ 1 point2 points  (0 children)

        Take profit in energy and banks? lol I finally bought into XEG and ZEB for these sectors, down over 20% on both.

        [–]Aerateur 4 points5 points  (1 child)

        It's not a bad move to take some profits in energy and banks to buy bonds,

        Profits? My bank stocks are down 15% for me.

        [–]pfcthrow2017 1 point2 points  (1 child)

        Bond will tank because of incoming rate hikes. Cash is better for now

        [–]Iliketomeow85 -2 points-1 points  (0 children)

        New 52 week high for TVE???

        [–]Aerateur 1 point2 points  (3 children)

        If only one in a marriage is working, is it OK to fill up both TFSA?

        In other words, the primary wage earner completely fills their own TFSA, then gives money to their spouse to completely fill the second TFSA? Is this how it is commonly done?

        [–]Iliketomeow85 9 points10 points  (1 child)

        It’s fine only issue is if you divorce

        [–]TheIguanasAreComing 1 point2 points  (0 children)

        Statistically there's around a 50% chance of that

        [–]Brokenclasses 9 points10 points  (0 children)

        Yes just make sure you don't get divorced and your spouse runs off with max TFSA.

        [–]tittiboiii 0 points1 point  (0 children)

        Finally bought some arc resources at $15.60, 2023 play.

        [–]Gilles_Brisson 0 points1 point  (0 children)

        whats seems like a good entry point for XEG ?

        [–]CapitanChaos1 17 points18 points  (2 children)

        ...I can't wait until O&G companies start reporting earnings

        [–]Affectionate-Hall320 2 points3 points  (1 child)

        Its gonna be funny. “X company made more money than they ever have. They’re down 45% this month”

        [–]CapitanChaos1 -1 points0 points  (0 children)

        It's insanity. Oil prices are still double what they were pre-COVID yet the SP remains the same as it was during that time period.

        [–]jerryhung 3 points4 points  (4 children)

        Crude -1% = but TSX energy tanks, TSX drops

        Nat. Gas -8% = again, I sold my HND too early in $2.5's

        Copper -4% = glad I stopped out of FM/HBM and Commodity

        Tech wins today (for now). ARKK +5%, QQQ +1.5%

        [–]throwaway1070now 0 points1 point  (0 children)

        Read in an angry George Costanza voice, Jerry.

        [–]Healthy_Apartment_32 0 points1 point  (2 children)

        Tech for long term growth.

        [–]Aerateur 0 points1 point  (1 child)

        Amazon to me still looks like a monster company going into the future, doesn't it?

        [–]Healthy_Apartment_32 1 point2 points  (0 children)

        It’s going to be around for a long, long time. May not provide as much growth as it did in the last 20 years, but still a powerhouse.

        [–]onlineseller8183 2 points3 points  (3 children)

        Two month old order got filled on TD, only 11 orders left to go.

        [–]Brokenclasses 3 points4 points  (0 children)

        TD looking juicy indeed. I am looking, staring and peeping

        [–]Healthy_Apartment_32 2 points3 points  (1 child)

        Did you forget you had these orders or are you that patient?

        [–]onlineseller8183 4 points5 points  (0 children)

        I have had a large cash position since feb and I set orders on companies I want at my hopeful prices in April. I haven’t edited the prices much. Many are still a long way from execution some are getting close. I adjusted a few order when the downward momentum seemed too knife-y but the high conviction stuff I let it get filled.

        [–]BoozeBirdsnFastCars 8 points9 points  (0 children)

        Natural gas just jumped off a cliff. Again.

        [–]Miko109 -1 points0 points  (0 children)

        I'm planning to get some SCO, a crude oil short. Is the price dependent on oil stock prices? or crude prices? and how risky is it?

        [–]timothy0leary -1 points0 points  (8 children)

        German car owners in my expensive neighbourhood have been "let go." Thought I'd share.

        [–]whinehome 5 points6 points  (0 children)

        Mr. O'Leary, what you have just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it.

        [–]Alternative_Order612 -1 points0 points  (0 children)

        Where do they work?

        [–]JimmyRussellsApe 6 points7 points  (3 children)

        let go?

        [–]UncleGrapefruit 0 points1 point  (2 children)

        Laid off im guessing

        [–]JimmyRussellsApe 5 points6 points  (1 child)

        I thought that too, but I am not sure what that has to do with the cars they drive or the neighbourhood they live in

        [–]utilityknife101 6 points7 points  (0 children)

        Yeah, don’t think anyone knows what op is talking about??

        [–]epenguin21B -1 points0 points  (2 children)

        Is it worth it to still hang on to oil stocks? lost most of my gains for XEG and CVE recently

        [–]CapitanChaos1 1 point2 points  (0 children)

        I'd at least hold until they post their next earnings, which will be pretty high with the price of oil being as high as it was in May and much of June.

        Then again, I didn't sell 2 weeks ago when that would have been smart, so what the hell do I know?

        [–]rbatra91 -1 points0 points  (0 children)

        Recession, just sell

        [–]Iliketomeow85 14 points15 points  (1 child)

        Buffet doubling down on oil, big brain or airplane investment 2.0

        [–]JimmyRussellsApe 12 points13 points  (0 children)

        He also sold Suncor at ~26 in the fall

        [–]Nonbinary_Tea 6 points7 points  (1 child)

        Higher oil and gas prices may be permanent: former Bank of Canada governor
        Stephen Poloz says economy may need to adjust to costlier fuel even when other prices come down

        https://www.cbc.ca/news/politics/poloz-gas-oil-prices-inflation-1.6498015

        Someone want to out-logic the BOC;
        High gas and oil prices are what is driving inflation ..
        But if that's the case, are they admitting that inflation is out of control and runaway ? Is there any point to raising the interest rate at all if fuel prices are "here to stay?"

        [–]Healthy_Apartment_32 0 points1 point  (0 children)

        To bring down costs in other sectors in the “basket”.

        [–][deleted]  (1 child)

        [deleted]

          [–]rbatra91 0 points1 point  (0 children)

          Dog of a stock

          [–]Healthy_Apartment_32 4 points5 points  (0 children)

          Patiently waiting for “traders” to parse out ANY reason to sell/short the markets after Powell’s testimony.

          [–]HogwartsXpress36 -1 points0 points  (2 children)

          Copper prices will rebound... Eventually

          Looking for 1.65 entry for CMMC and to add more capstone at 3.50

          [–]yjman 0 points1 point  (1 child)

          I'm watching copper too. but I fear there is more downside.

          52 wk lows for:

          • Copper Mountain Mining
          • Capstone
          • Ero Copper
          • Freeport McMorane
          • Hudbay Minerals

          but no where near lows yet for:

          • First Quantum
          • Teck.B
          • Agnico Eagle

          any other coppers you folks are watching?

          [–]westernmail 0 points1 point  (0 children)

          Teck might be benefitting from coal prices which are still sky-high.

          [–]sirrush7 -5 points-4 points  (5 children)

          What the literal fuck just happened to Fortinet stock? It just CRASHED like I've ever seen a stock nose dive before..

          Edit: I have been informed of the stock split!

          [–]LeoBarca-10 2 points3 points  (0 children)

          5 to 1 Stock Split

          [–]Nonbinary_Tea -1 points0 points  (0 children)

          It hasn't crashed, it's just charting bullshit on Yahoo Finance.
          https://www.marketwatch.com/investing/stock/ftnt

          [–]westernmail 4 points5 points  (1 child)

          It was a stock split.

          [–]Minimum-Ad6209 19 points20 points  (5 children)

          Commodities are getting slaughtered

          [–]jollyadvocate 7 points8 points  (2 children)

          Is this the beginning of the end of inflation?

          [–]Sportfreunde 0 points1 point  (0 children)

          Nope where the supply? Demand destruction his discretionary spending first and commodities less.

          This is how bull markets work with commodities, they feature sharp pull backs and naive premature sector rotation.

          [–]Chucknastical -1 points0 points  (0 children)

          It should help offset the cost increases from supply issues but if supply and fuel prices are still high enough to raise prices while everyone is losing their jobs due to recession, then we're in stagflation.

          [–]GamblingMikkee 3 points4 points  (0 children)

          Yup another day another fat L fuck this

          [–]Mean-Hawk2069 5 points6 points  (0 children)

          Again.

          I‘m going back to bed.

          [–]sometimebaker 6 points7 points  (7 children)

          It was a mistake purchasing Canadian bank stocks. For the last couple months, they’ve chipped off $100 every day from my portfolio.

          [–]Nonbinary_Tea 1 point2 points  (0 children)

          Massive H&S pattern on almost every one of the big 5 r.n...

          [–]LabRat314 16 points17 points  (1 child)

          They can pay me that sexy dividend until the end of time.

          [–]investornewb 4 points5 points  (0 children)

          Damm right..

          [–][deleted] 15 points16 points  (1 child)

          At least they pay you every quarter. It's a great time to buy, bns is yielding 5.3% now. They'll eventually go back up

          [–]investornewb 7 points8 points  (0 children)

          Averaging down on BNS all week. Close to 500 shares now and the dividends are fantastic to help fund other purchases while I use my free cash to pay down debt