TD Bank stock heavly shorted - is this the end ?

Not getting younger

Well-known member
Jun 29, 2022
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Short sellers are evil and target stocks like vampires and blood.
Depends.
short selling also adds liquidity to the market. Without which bid/ask spreads get wide. Not unlike house prices when demand/supply get out of whack. Short selling increases supply.
 

poker

Everyone's hero's, tell everyone's lies.
Jun 1, 2006
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Niagara
Well…. Did TD die a horrible death?
 

Darts

Well-known member
Jan 15, 2017
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I'm down 12%, but I was buying to Hold for (very) long term. I think TD will survive.
The Big 5 always bounces back bigger than ever. Their problem right nos are loan losses. I would never bet against the Big 5.
 

angrymime666

Well-known member
May 8, 2008
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Im holding out till next quarter. I think the banks will see lower profits and more losses. once the boc stops hiking, possibly start reversing and easing on qt the industry will pick up since people like to spend money and have herd mentality of keeping up with the jones's.
 

NotADcotor

His most imperial galactic atheistic majesty.
Mar 8, 2017
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The Big 5 always bounces back bigger than ever. Their problem right nos are loan losses. I would never bet against the Big 5.
I got pounded but I love them fat ass dividends.
 
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tdot.playboy

Active member
Sep 12, 2023
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any idea how is the short volum / % right now? Are there any other banks more shorted than TD. I heard on the street - BMO books are very distressed.
 

Not getting younger

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Jun 29, 2022
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If you’re a gambler why not use options?
You could buy calls and or short puts.


if you’re long TD but don’t like short term volatility or prospects you could do the opposite.
long puts/short calls.


Either singly or in conjunction to create hedges and forwards. That is not advice, nor for the novice. But it’s basic investor stuff into the world of leverage, hedging and more advanced derivatives
 

Not getting younger

Well-known member
Jun 29, 2022
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I'm not into the fancy exotic stuff. Just a bread and butter investor. If I like a stock, I buy it. If I don't like a stock I sell it. No, I never won a Nobel Prize.
What Was Long-Term Capital Management (LTCM) and What Happened? (investopedia.com)
Keeping it “simple” is not a bad thing Darts. That why I included a warning. Some retail investors do dabble or get into options. Either as a way to place bets, or hedge their stock positions.

pages ago I included a link to a book called “when genius failed”. It’s the story of what occurred and what almost occurred at LTC
 

implied69

Active member
Mar 29, 2015
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I have been watching the market carefully for 16 months now expected the downturn and prepared for it.
However, I did not expect TD bank engaging in risky bets on Wall streets, but apparently short sellers saw this Canadian ship headed straight to an iceberg.
With roughly $1.26 trillion in assets, TD Bank would certainly be considered too big to fail.

What if short sellers are right will and can the Canadian people able to bail them out ?

Of course TD bank is telling customers & the market they are fully funded , deposits are secure etc.
Recall SVB, First Republic, Credit Suisse said the same to the market right until (11th hour) their eminent collapse.

View attachment 231032

I am hoping TD Bank find a way to sort itself out. Canada has one of the highest cost of living, & hidden poverty squeezing the middle class.
The last thing the tax payer need now is bailing out a fat cat that got too careless & greedy for its own sake !

Also with such potential massive exposure can RBC or any other Canadian banks be able to save them ?
The American investors will pass on the Canadian side of the business,
but may be interested in buying the US business side of the bank for pennies on the dollar.

View attachment 231041 Check out this article for more TD bank woes .

What do you all think is this short sellers hypes or TD Bank is in serious troubles ?
Their cash flow is bad
 

kohan

Active member
Nov 29, 2007
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I'm down 12%, but I was buying to Hold for (very) long term. I think TD will survive.
I was rooting for TD. It is down by about six percent today and hasn’t been doing well.

Considering it is a well established bank in a protected industry, it is amazing to see. It is almost as if Justin Trudeau got his hands on the most steady country and made a mess of it.
 

ValuedSupporter

Active member
Apr 27, 2024
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It's always interesting reading historical threads. P/E less than 9ish, dividend >5%, looks tempting but I already own too many financials...
 

jeff2

Well-known member
Sep 11, 2004
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Well at least my BNS stock does not seem as lousy these days.
 

angrymime666

Well-known member
May 8, 2008
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Remember years ago when td was exposed by media and whistle blowers it's practices regarding selling and pushing their products to consumers and getting commission by doing so? While it's not the same event this to will blow over. It's a hick up, and I will be buying during this period. Long term it's a multi billion dollar business which not be going anywhere.
 
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