Oct 22/15 – How many times does your country’s biggest stock get cut in half in a month?

Every now and then the Americans really come for one of our Canadian stocks. And when they do, they jack up valuations to the moon and play havoc with our indexes.

I remember when the big US momo funds fell in love with Nortel in the late 1990s. On the way up all the Canadian institutions sold their stock to the Americans in the $20s and $30s, and then w…