Investment Q&A

Q: solid quarter thoughts please

Q: Hello 5i team

I would like to know your opinion on the resistance that can represent the crowd of potential sellers who can take advantage of the return of the price of a stock to their purchase levels after it has fallen sharply below that same level. I'll give you an example: EGLX. When the stock was rising to new highs, the only potential sellers were those who had bought lower, but now in the case of a rise in the stock, it will be necessary to add a part of those who bought higher and who will take advantage of it to recover their capital. Does this make sense and can it represent a significant brake, especially when the rise is recent. I imagine that if several years have passed, many shareholders will have liquidated their positions tired of waiting and that the effect would be much weaker.

Thank you

Q: 5I has EGLX listed in a sector abbreviated as Comm. rather than Technology or Consumer Discretionary. I do not have COMM listed as one of my 11 sectors.
Could you clarify this for me.

Thank you for your great service and advice.
Clarence

Q: any idea what analysis EPS are for Nov 10 th. ...

Q: I bought EGLX in Margin account on June 8 and my Registered account on June 23. Can I claim a loss if I sell in a margin account only or do I need to sell in both accounts to claim a loss?

Thanks for the great service

Q: I requested some input from Enthusiast Gaming Investor Relations yesterday and here is what they provided:
Re: What is Going On With Your Stock Price?
Inbox

Investor Relations
12:49 AM (8 hours ago)
to me

Hello Chris,

Thank you for your email and valid comments. While we can't comment specifically on the stock price (that is for licensed professionals), we can tell you that the business plan is still very much on track and that over the past year we have been very focused on building a leading gaming, media and entertainment company. In that time, our key operating metrics have all improved, including improving gross margins, subscription growth and direct sales growth, In addition, the company is in a stronger financial position today than a year ago with more cash and less debt on its balance sheet. Finally, we have deployed capital on smart, accretive acquisitions that have strengthened our fan communities while supporting the operating metrics above.

We remain on track to achieve our business plans and have delivered consistent fundamental growth on all of our operating metrics.

Please feel free to reach out any time and we thank you for your ownership and support.

Q: Since I bought Pltr at $29 from my Tfsa, it keeps going down , it was back to $29 for one day, then it dropped again. I want sell Pltr and buy Sklz. Wondering if Sklz is similar business like Eglx? Would you buy Sklz at current price or what would be a good entry price to get in? It has been moving up for over a week, or should I wait until after report earnings on November 3, your thoughts please, thanks

Q: Is ELGX going bankrupt? The price action is disastrous. It's down 65% in a few months with no end in sight

Q: Share price continues to decline, and when you think it has hit bottom it declines further. Do you have insight to why there is such negative momentum, and what future events or catalysts could change direction.

Q: With profitability pushed out to 2023, do you see any short term catalysts that would cause one to take a position now? Thanks, great service.

Q: I am down on these stocks EGLX (-24%), AT (-28%), BRAG (-24%) and PINS (-23%).
These stocks are in a non-registered account.

I have two questions. First, are these stocks worth holding for a turnaround or just take the loss (and take advantage of the tax loss credit) and move on?

Second, if they are worth holding I might do a tax loss sell and buy after 30 days. I am not sure how to time that. Do it now or at the end of the year?

Thank you for your help and advice as always.

David

Q: This stock has been declining and ask if you expect it to improve and if not why?

Q: I hold TTD In a growth focused portfolio at a small profit but looking for more torque. Would you swap it out for AT?

Same situation for a position with ECN and adding those funds to small positions of DND and EGLX.

Q: Dear 5i team.

May I please have your take on EGLX next earnings due in Nov? what are the estimates, and when do you think they will finally turn a profit?


Thanks for your help.

Q: Any canadian growth stocks looking juicy to snap up currently for a TFSA? Thanks

Q: Looking at some recommended company's that are near 52 week lows that have a lot of future growth and years of multiple upside. Can you suggest your top 5 companies that fit this criteria(and why you believe the upside potential). I would like to set and forget(for years) for my next few purchases. thx for the great service

Q: Looking for buys in the upcoming tax loss selling season. Please rank the attached list. Thank you. Greg

Q: I've had success buying good out-of-favor companies, especially in tax-loss season. In 2020, I loaded up on rate resent preferreds at very low prices (so the effective interest payments were good even if interest rates stayed low). This gave me optionality in case rates ever climbed. I also bought TOU and CVE when oil prices were extremely low.
This is for 5% of my portfolio, and is patient money. Suggestions?

Q: Hi Team,
I am holding the following stocks at a loss. BABA (-52%), MED (-30%), TT(-4%),EGLX (-33%), MG (-8%), SWKS (-20%), U (-1%), PINS (-33%).

My question is, should I continue to hold the line with all of these? Or are there any that stand out to you as being better off to sell and swap out with a different holding of which you suggest? Or any of these I should be selling, and adding to another one of these? I thought perhaps after yesterdays sell off there might be some moves I should be making. (Although the market is already recovering nicely today on alot of these names). Suggestions here would be appreciated. Thanks!
Shane.

Q: Hi 5i,

I'm considering adding to my EGLX position. Risk tolerance is high and time horizon is 3-5 years (+). I currently have a small position (430 shares with ACB of $6.9) held inside my TFSA. Would you consider this a good time to add to this position? Has your outlook / conviction changed towards EGLX in the past few months? Are there any other growth stocks that you consider a good buy right now (especially with the recent pullback of tech stocks)? The sector doesn't have to be tech.

Alternatively, I'm considering picking up more TOI or NVEI (I have a strong conviction in both these two and have small positions of each inside my TFSA).

Thanks - love the service and can't recommend it enough to friends and colleagues!

Rob