Investing

shorting Canadian Banks

  • Last Updated:
  • Dec 13th, 2017 12:09 pm
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Deal Addict
Dec 6, 2006
3818 posts
712 upvotes
Toronto
Jermyzy wrote:
Jan 13th, 2017 1:12 pm
Darn...having a hard time finding entry point to add to my position in the banks...
Just wait when leflower make a post here, don't even have to look at stock price. You know he's gona come gloating about his "success" when RY drops like 2%.
Member
Apr 9, 2012
436 posts
123 upvotes
Markham
So what has happened to this thread and the shorting thesis?
Deal Addict
Dec 6, 2006
3818 posts
712 upvotes
Toronto
atang810 wrote:
Jan 26th, 2017 5:27 pm
So what has happened to this thread and the shorting thesis?
OP is still absolutely correct and his miners are up huge... yep.
Member
Apr 9, 2012
436 posts
123 upvotes
Markham
boyohboy wrote:
Jan 26th, 2017 6:01 pm
OP is still absolutely correct and his miners are up huge... yep.
LOL. well, as they say, you can be right but wrong in the timing. Perhaps now is the right time. LOL

The adjusted 12 Month Forward P/E for banks are 12 right now, this is around the historical highs.
Sr. Member
Apr 12, 2012
784 posts
178 upvotes
Toronto
You want to buy at any price and sell higher than that. You will need to know how to set stops and take your profit when the targets are achieved. Shorting the banks now would be crazy.
The simplest acts of kindness are by far more powerful than a thousand heads bowing in prayer.
- Mahatma Gandhi
Sr. Member
Jun 15, 2012
807 posts
66 upvotes
MB
Sold RY
Bought DB
"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful."
- Warren Buffett
Deal Addict
User avatar
Mar 16, 2010
1631 posts
712 upvotes
Hamilton
RY at 95.5 almost as of writing this. I wonder if OP is that homeless dude I saw outside Jackson Square lol.
Newbie
Nov 25, 2010
47 posts
18 upvotes
Fredericton
Yet another reason to look forward to summer. Nice weather and an OP update!
Deal Addict
Dec 6, 2006
3818 posts
712 upvotes
Toronto
At this point, RY will need to crash almost 30% just to get back to Feb,2106 when OP proclaimed short-RY was a safe and sure trade which should crash 30,50,70% or whatever random number.
Sr. Member
Oct 21, 2014
677 posts
460 upvotes
Burlington, ON
boyohboy wrote:
Feb 6th, 2017 10:44 am
At this point, RY will need to crash almost 30% just to get back to Feb,2106 when OP proclaimed short-RY was a safe and sure trade which should crash 30,50,70% or whatever random number.
Don't forget the dividends :)
Member
Aug 14, 2010
368 posts
157 upvotes
Toronto
Happy 1 year anniversary everyone!Face With Tears Of Joy

So looking at google finance, RY was around $67/share on February 9th 2016, and today 1 year later, RY closed at an all time high of $96.17/share. That's about a 43% gain. Talk about being on the wrong side of a trade. Ouch LOL.

Now let's wait for OP to tell us how his imaginary 10 figure portfolio of miners is up MASSIVE, YUUUUUUUUGE gains.
Member
Apr 9, 2012
436 posts
123 upvotes
Markham
with all these post. time to short now = ) I will short 20 RY Stocks at $96~ or so.
Member
Dec 7, 2007
227 posts
78 upvotes
emanon86 wrote:
Feb 9th, 2017 4:43 pm
Happy 1 year anniversary everyone!Face With Tears Of Joy

So looking at google finance, RY was around $67/share on February 9th 2016, and today 1 year later, RY closed at an all time high of $96.17/share. That's about a 43% gain. Talk about being on the wrong side of a trade. Ouch LOL.

Now let's wait for OP to tell us how his imaginary 10 figure portfolio of miners is up MASSIVE, YUUUUUUUUGE gains.
You forgot to take into account the dividends - which the OP would have to pay.

I suspect you'll never hear from the OP again - at least not in this thread.
Member
Apr 9, 2012
436 posts
123 upvotes
Markham
so does anyone think it's a good time to "speculatively" short banks now? Short a moderate amount ofcourse.
Newbie
Nov 25, 2010
47 posts
18 upvotes
Fredericton
atang810 wrote:
Feb 9th, 2017 5:45 pm
so does anyone think it's a good time to "speculatively" short banks now? Short a moderate amount ofcourse.
I think you should read this thread in its entirety before shorting Canadian banks.

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