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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 and Team,

I would like to add a response to one of your previous posts re the stock action in EFN and ECN today.

As you say there can be many reasons why a stock loses 40% of its value in 10 minutes or so.
I do find it disturbing that a short attack or the rumour of a short attack in this case,can cause such technical damage that it may take weeks or even months for the stock to fully recover. CRH was another stock that recently fell victim to this activity. This appears to be happening more and more and the regulators do nothing and the so called circuit breakers employed by the TSX never seem to kick in until it is too late if at all. However these same circuit breakers do seem to be very effective in halting a stock if it going up at a rapid rate.
I know one of your mandates is to help level the playing field for us lowly retail investors and is very much appreciated,but unless the TSX/Regulators do something to curb these destructive activities then the retail investor will always be at a disadvantage and remain cannon fodder for these unscrupulous shorters.

Peter
Read Answer Asked by Peter on June 01, 2017
Q: I did a "back test" of one year on my Rrsp portfolio vs the income portfolio and would have benefited from being in on the income portfolio for the year. If I want to roll over my holdings to mimic the income portfolio, what is the best way to do it? I have some winners that are showing more strength that some of the income portfolio holdings.
Do I bite the bullet and go all in on the income portfolio and or slowly roll over my winners to match the income portfolio?
Read Answer Asked by Peter on May 31, 2017
Q: On the news "Element issues US$1.2 billion of rated ABS term notes through Chesapeake" the stock has dropped 38% (and halted)

CIBC just reiterated their $15 target price and said it is a buy and deal is good.

Would retail investors be selling out here? Am looking at buying here - dividend is now coming close to 5%

Also can you explain the use of the ABS term notes for the fleet management business. Thank You.
Read Answer Asked by Mayur on May 31, 2017
Q: Question related to the new preferred share offering: ECN.PR.C which yields at the very minimum 6.25%.

Deal was sold out and as soon as it started trading the share price dropped below the $25 issue price and is now below $24.

Why would anyone buy the issue at $25 and sell it right after. Any ideas?

Also, would you recommend adding to it below $24. I have 700 shares which represents around 1.2% of my portfolio.

Thank You.
Read Answer Asked by Mayur on May 31, 2017
Q: Are we seeing yet another short attack here?
Looks like they had a very positive announcement with the ABS notes just yesterday and now the stock is getting decimated. Why do these short attacks keep happening in Canada is there anything we can do about it. HCG, CRH, BAD, I'm sure there are others that I can't recall. Its getting tough to be a Canadian small/midcap investor.
Read Answer Asked by Rob on May 31, 2017