I have decided to “short” 1300 shares of BCE Stock at $60 CDN / share.
For every 10 cents BCE goes above $60, I lose $130.
For every 10 cents BCE goes below $60, I make $130.
(* I’m betting on BCE dropping. *)
If I cover the short when the stock is at $61, I’ve lost $1,300.
If I cover the short when the stock is at $59, I’ve made $1,300.
I’m willing to live with the pain/shame/glory - all while sharing the experience with all of you (aren’t you lucky).
Let’s see where this goes…