Commentary: We felt this was a weak noodle going in based on past jump zones but our intell suggested they had a major gain to report from their spin off sale and we were right. SJR reported BMO with a 3 times higher profit because of it. BUT – it did not really pop as expected. Ir opened about 2.5-3% up and then retraced. For those that took profit immediately you made money on the trade – but waiting for the 5% did not materialize. We expected to go out this week with a bang and it was a whimper.
Jump Zone Profit: 2.5%