Q: I would like to respond to Paul F`s question regarding the best time of the day to make a trade and as well look for some sort of logic as to what happened to Currency Exchange`s SP price since yesterday. I have been following your recommendation on this stock for several weeks now, but was leery on it as it does not offer a dividend. I finally could not resist buying into the growth expectations of CXI and decided to buy. CXI closed at $32.98 on Friday and opened yesterday around $33.00 with upward momentum. As per the strategy that you have communicated, I held off until 11:00 AM before placing an order. The quoted price at that point on BMO Investorline was roughly $33.40. Due to the live time delay of ½ hour, I unknowingly had the distinction of being probably one of a few people who bought at the record high of roughly $34.70. The SP then immediately took a tailspin and finished the day at $31.70. At the time of this writing the SP is now $29.47. I have owned the stock for less than 24hours and am down over 15%. My big mistake was not setting a price limit and as a result availing myself to the mercy of the bid-ask process. This negative however pales in comparison to the precipitous fall of the SP in such a short timeframe. I am looking for any amount of salve to heal my wounds but am more interested in sharing this with other newer investors who may learn from my mistake. In my own defence, I have to say that I did not expect this kind of volatility from a stock such as this. Caveat Emptor, I guess. Thank you.
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: Hi Peter; whats up with cxi? I can't find any negative news that would cause such a dramatic drop. thanx Rick
Q: Could I get your take on Questor earnings and outlook for the future. Thank you.
Q: Please comment on earnings. Looks like a large miss from here?
Q: With the increased limits for the TFSA I was thinking of either increasing my holding in CXI,currently 1.8% of my total portfolio OR using the $9000 (my TFSA and my wive's) and buying EFN.However if I did this it would mean EFN would only be about .5% of my total portfolio and in a recent portfolio review you felt that anything less than 1% wasn't worth while.Other holdings in our TFSA's include DSG/ESL/SYZ/CGX/ENB.All are over 1% with ESL the highest at 2.9% of my total portfolio.Any advice is greatly appreciated.Thanks Paul
Q: Good morning, do you have enough confidence in the management team at Avigilon that buying now and forgetting about it for three to five years would be a good idea, thanks?
Q: Can you please comment on its recent earnings. Thx
Q: BLX RNW BEP.UN which one do you like better.
Thank you
Thank you
Q: Can you please comment on Exco recently reported earnings.
Thank You
Thank You
Q: Good morning Team: Do you think ENB price will get them thinking about a stock split again?
Q: It was discussed on BNN yesterday by Jerome Haas "BNN effect". Like 5i, he feels it has good prospects for growth ahead. I haven't watched it but I believe he made a comment saying it could be a $50 stock within 12 months. In the past, I believe he also said it could be a $1B company in the future which based on market cap would put it at $150/share.
"CXI is a wholesale provider of foreign currency services to financial institutions such as banks, credit unions, and trust companies. It’s a low-risk, high-growth business, and I think it has the potential to be something very big. The market has only started to awoke to the growth potential ahead of CXI, driving up the stock by about 135 percent in the last 12 months. FY2014 numbers were fantastic: sales and EBITDA both grew 40 percent year-over-year. Management is confident that they can grow the business organically at a 30 percent rate over the next few years. We believe they will be able to exceed that rate over the next 3 years; 50 percent growth is not out of the question. Still not a well-known story; another ‘uncrowded’ trade; only three sell-side Analysts cover the stock."
"CXI is a wholesale provider of foreign currency services to financial institutions such as banks, credit unions, and trust companies. It’s a low-risk, high-growth business, and I think it has the potential to be something very big. The market has only started to awoke to the growth potential ahead of CXI, driving up the stock by about 135 percent in the last 12 months. FY2014 numbers were fantastic: sales and EBITDA both grew 40 percent year-over-year. Management is confident that they can grow the business organically at a 30 percent rate over the next few years. We believe they will be able to exceed that rate over the next 3 years; 50 percent growth is not out of the question. Still not a well-known story; another ‘uncrowded’ trade; only three sell-side Analysts cover the stock."
Q: Hi Peter and the Team,
CBC Radio had an interesting segment this morning that dealt with the aftermath of the Bangladesh clothing factory disaster. I was pleased to see that Gildan takes their corporate responsibility very seriously as outlined in this link:
http://www.cbc.ca/radio/thecurrent/statements-from-canadian-companies-on-their-efforts-in-the-aftermath-of-the-rana-factory-disaster-1.3045375
CBC Radio had an interesting segment this morning that dealt with the aftermath of the Bangladesh clothing factory disaster. I was pleased to see that Gildan takes their corporate responsibility very seriously as outlined in this link:
http://www.cbc.ca/radio/thecurrent/statements-from-canadian-companies-on-their-efforts-in-the-aftermath-of-the-rana-factory-disaster-1.3045375
Q: It appears this is a US Co. with a Cdn. listing. If you owned over $100,000.
of this Co. would that require a "Yes" on the personal income tax form & a completed Form T 1135?
Also any updates on CXI re big Thurs. move?
Thanks
of this Co. would that require a "Yes" on the personal income tax form & a completed Form T 1135?
Also any updates on CXI re big Thurs. move?
Thanks
Q: WiLan's Q1 estimate of 5 cents (3 analysts avg.) is a far cry from last year's 14 cents, and revenue of $20.3M below $26M. What is causing such a reduction in expected numbers, is it legal fees and the Apple suit as suggested in your 2014 report, or is this company just shrinking? I guess any big beat could cause a good lift off the bottom of the chart, so I'm wondering if I should add to a small position as the 6.8% yield is tempting. Do you agree with the analyst numbers? Thanks, J.
Q: I have TCN in my TFSA and am considering adding to it based on the increased contribution room. What are your thoughts on TCN has a long term hold ?
Q: PETER,ISEE WI-LAN REPORTS APR29. IHAVE A GENEROUS AMOUNT OF SHARES AT HIGHER PRICES. I ENJOY THE DIVIDEND.WHAT ARE YOUR THOUGHTS ON AVERAGING DOWN PRIOR TO ANY RELEASE? MANY THANKS JOHN
Q: Dear Gentlemen,
Because I work hard on Sector allocation (since I discovered 5IR), I have a comment on CCL.b, on TMX Money web site tmxmoney.com/company.php?qm_symbol=CCL.B, CCL is classied on Consumer Cyclical.
Thanks for all.
Best Regards.
Because I work hard on Sector allocation (since I discovered 5IR), I have a comment on CCL.b, on TMX Money web site tmxmoney.com/company.php?qm_symbol=CCL.B, CCL is classied on Consumer Cyclical.
Thanks for all.
Best Regards.
Q: On todays report you mentioned that you are discontinuing coverage on this fund. Why?
Also, does JTF strictly invest in canadian instruments?
Thanks
Also, does JTF strictly invest in canadian instruments?
Thanks
Q: Good Afternoon
Could you please comment on Fiera a Capital. I know that you have been positive on the name before but I have held it for close to 2 years and it has not really moved at all. Would you continue to hold or could you suggest something with a little more growth potential
Thank you
Could you please comment on Fiera a Capital. I know that you have been positive on the name before but I have held it for close to 2 years and it has not really moved at all. Would you continue to hold or could you suggest something with a little more growth potential
Thank you
Q: Hi Peter & team, Is GIL good to buy today? And what about FSV....is it a good idea before the split that apparently will occur June 1?
Thank you!
Thank you!