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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

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To: AuBug who wrote (7749)10/1/2004 4:50:25 PM
From: Taikun  Read Replies (1) of 11633
 
Is AY_U.TO being manipulated by hedge funds? I saw huge sales volume the days after ex-div. Do the hedgies drive down the price so they can come in again cheaper? I've started to see this with some trust and it certainly looks ominous. They get their dividend, drive the price down, and pile back in.

finance.yahoo.com

Sept 29, the first day ex-div, was 2m shares traded. Some hedge fund just dumped on the market. It closed way lower than it should have traded without the dividend, and the performance paled in comparision to PMT and some other high yielders that went ex-div on 9/29.

2m shares on no news I could find.
2m shares is 6.5x avg volume of 650k shares
2m shares beats last busiest day of 19 Aug 04...736m (!) by 3x

If this happens to the CRTs they will become very volatile.
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