Park Lawn Corporation (PLC)
Q: I was on holidays at Christmas so I put a stop loss on a few stocks. Trade Desk which was trading at a low of $256.00 for quite some time for a split second dropped $10 to $246.00 and took out my stock and was right back up at $256.00 again. Would the market maker have dropped that so some lucky guy could get the stock cheap?
A broker I know told me that since I average at the most 30 trades a quarter, Revenue Canada could classify me as not an investor by making so many trades which could cause me to not qualify for the 50% capital gains rule and I would have to pay tax on 100% gains. I put it on forums but I haven't had a response yet. Hopefully you can enlighten me on this.
Nice call on Park Lawn. I get a lot of emails pertaining to the market and one advised me the other day to buy Park Lawn as it was going to break out above $30.00. I already own Park Lawn so nice call from 5i that I got it a lot cheaper some time ago.
Thanks for making my trading easier. Dennis
Q: Good morning 5i,
Once again thank you for the excellent service and advice that you give so generously. This morning there was a question about putting Boyd into a TFSA. I had been wondering the same thing. But, you mention that you dont really see it as a high growth stock. I imagine I would be better to put Google in, if I want growth. That means another capital gain, however. The beauty of Boyd is that you have to take the cap gain anyway. Getting to be a long story here. But, how would Parklawn compare with Boyd in putting in a TFSA?
thanks
Q: Hi,
I'm sitting with a 15% gain in Parklawn. I believe I bought on advice read hear so thank you. My question is whether it should continue to be held in a balanced portfolio or if you would exit a 5% position because a better opportunity exists elsewhere? To go one step further, I have done well on Medtronic and might like additional exposure to US healthcare. Could you recommend a) whether to sell PLC and b) what you might shift to if you agree with my alternative above?
