Q: Hi Team,
I am down 20% with BCE and 19% with ENB. Would this be a good time to crystallise my capital loss?
Do you see a short term rebound?
If I sell, would you be re-entering these two after the 30 days or move to something else?
Thanks
I am down 20% with BCE and 19% with ENB. Would this be a good time to crystallise my capital loss?
Do you see a short term rebound?
If I sell, would you be re-entering these two after the 30 days or move to something else?
Thanks
5i Research Answer:
With the recent large selloff, we would be fine crystalizing capital losses on BCE here, although, its 'waterfall' type decline could be setting itself up for a bit of a bounce. We would be fine with re-entering these two after the 30 days, and for an intermediate proxy holding, we like T.
ENB we would be fine with crystalising losses. We see less potential for a short-term bounce in ENB as its decline has been lengthier and less sharp. We would be comfortable re-entering ENB and as an intermediate proxy we like TRP.