Long Nova Scotia, Short England
Pairs trade.
Yeah, I know. Posting stuff about fifth graders calculating Naz hi/low indexes, Donny and oil, etc….
I’m kinda bored, so I’m making shit up as I go along.
Long [[BNS]] @ $46.62
Short [[HBC]] via Sept 75 puts @ $4.20 (I’m on some sort of option kick today)
Looking forward to EOD.
Disclaimer, part I: This is an “S&G” trade, so don’t take this too seriously.
Disclaimer, part II: This information is not intended to be used as the primary basis of investment decisions. Because of individual investors requirements, it should not be construed as advice designed to meet the particular investment needs of any investor. Consult your financial advisor prior to taking any actions. The information and opinions contained here are those of the author and are not necessarily the same as those of iBankCoin, its principals or its affiliates. Trade at your own risk.Â
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Take-off ya Hoser!
BNS is peddling credit down south like Sub-Prime circa 2004.
July 9th, 2008 at 3:52 pmMebbe so, but BNS stock is not behaving at all like that. HBC is a poofter of a stock, however.
July 9th, 2008 at 3:59 pmCanuck,
Get outta town. It’s an S&G trade…(chuckling and chortling).
Call me a Hoser again and you’ll suffer a slapshot to the gonads.
July 9th, 2008 at 4:08 pmBNS is one of the short list of Canadian banks that didn’t lose facial hair over the subprime. The other bank is TD.
Their total subprime holdings were $87m http://www.reportonbusiness.com/servlet/story/RTGAM.20071206.wscotia1206/BNStory/robNews/home?cid=al_gam_mostview
July 10th, 2008 at 6:28 am