Trader’s Narrative

Just a few days ago Telus announced that they were converting their legal structure from a corporate one to an income trust. This was yet another of a string of smart moves by Telus’ management. Their $800 million tax loss will be all used up and by converting to a trust they transfer the tax […]

After the close of the market on August 30th, right out of the blue Summit announced that it was being taken over by ING for their ING Industrial REIT Fund (Australia). The buyout offer is for an 18% premium to the market close which is quite respectable. ING is buying the whole thing but will […]

Pure Trading is a new ECN being implemented by CNQ to trade Canadian listed equities. It will use the X-Stream trading engine (by OMX of Sweden) with modifications for Canadian trading rules. It will offer 3 protocols: STAMP, used exclusively in Canada; FIX, the international standard and direct API connection. Pure will introduce much needed […]

A while back, I mentioned I had an investment (not trading) position in Liquidation World. Since then, I’ve continued to hold the position and watched as price has meandered down from its swing high in April 2006. Here is a chart of LQW showing insider selling:

Source: Ink Research
One officer has sold more than $370,000 into […]

“Teranet is a leading provider of land-based information products and services. Teranet operates in Ontario and provides access to the Ontario Electronic Land Registration System (”ELRS”). This enables customers to conduct electronic registrations as well as title and writ searches relating to real property. Teranet has the exclusive right to access the data in and […]