Hi Howard - FWIW, not that I want to defend Fido, or any hedger for that matter, IMHO, blaming them is quite meaningless. I mean, look at Janus who holds tons of NOK. Evidently, it didn't sell any of the share, quite on the contrary, it added shares. But NOK still took a big spill in Q3. Besides, it is their right to unwind their holdings if they don't want it. I don't see any manipulation. I mean, if some investment houses come out with bullish rating while they advise their clients in private to sell. Now, that is manipulation!
I mean, Fido does carry a big stick, but I am not sure if their selling alone contributes to a stock weakness
I take no joy in NT coming back down, since I am sooo overweighted with it. However, I also know blaming others wouldn't help my portfolio. I guess I am not helping, but it is good to see reality as it is.
best, Bosco |
