Q: Given the current market volatility, would you recommend buying Andrew Pellar in the $17.50 range or would you recommend waiting to see if there is a lower entry point?Thank you.
Q: I have a balanced portfolio across my TDSA and RRSPs. I recently put some money in my non-registered and wanted to use it as a separate portfolio – the idea being to buy things that should bounce back well from correction. In the past I've sold on correction and this time I want to take advantage of low prices. I would but 1.4 position per week for the next 4 weeks. These are the positions I would take. Do you think this is a good strategy? Its a small amount of cash which is why I picked only 7 stocks. Please note I added a US and Canadian ETF to add some stability. I’m hoping fort gains over the next year but could hold for 5 years if need be.
Q: feel free to post if helpful. delete if not of use.
this second decline, from down 100 points to now down 660, has been occurring after the US Press Secretary appeared to be saying the White House and Yellen will not make any knee jerk reactions regarding QE4 or interest rates based on a few bad days in the market.
This morning, many "talking heads" were calling for Yellen or the White House to "do something". My favorite, so far has been Suze Orman before market open:
"I am taking this year off but it is hard to sit silently and watch these markets. Fed Chair Yellen help us out. Commit to no rate increases".
I don't know if I should laugh or cry at her tweet.
Q: I'd just like to thank you for your red letter notice trying to soften the panic among retail investors. It's odd but as I logged on I was thinking to myself it would be nice at times like this for an experienced adviser to try to calm people a little. People who sell in panic are foolish. The TSX was down 750 at the open, now down less than 100. As someone said earlier, for every panicky investor who screams "sell" there's a person at the other end of the trade thinking he's getting a great deal on that stock. Who's likely to make money?
Q: There were some big swings in lots of 5i covered stocks today, not just CSU. I'd like to add my thanks for the "Don't Panic" message up top! I almost regret not dabbling a bit in some buying today but I wonder if it's early for that game. I am assuming this could go on for some time. What do you think?
Q: Short Selling: I was wondering about Short Selling in this down Stock Market. What are the details in the placing the order and then coverings the order later. You can give an example to provide clarification. I understand, you have to pay the dividend while the Short is on. Herbert
Q: When the markets opened this morning, stocks appeared to be down sharply, and many slowly increasing. How do you time buying in a market like this, where there are opportunities. Is here a better time to buy during the day? And generally how do you buy in a market like this?
Q: Would you please elaborate on your answer to Joel as to which companies you would recommend to buy whose dividends have been increased and whose stock value has softened?
Thank you for your great service
Q: BMO and NA seem to have been hit harder than the other banks today. Can you advise why? I have full positions in both as well as TD, CM, RY. Any thoughts on that? I do need the dividends as I have little pension.
Q: I was wondering if North West Company would be a company to buy at this time. It seems to be gaining momentum after years of trading in a range. What would you recommend? Thank you for your wise advice.
With the sell off we had in the market this morning it is nice to open 5I home page and see your comments highlighted in red. It's kind of like the weather channel when a storm front approaches.
Q: Anyone who put in a “STOP” was murdered today .
CSU traded as low as $454.00 today … shares were picked up by traders who had software that shows the stop orders on their screens…
By US standards CSU trades relatively thinly - buying the entire sell board of CSU is a no brainer for Goldman and others ... the retail investor is a victim who can't even protect his wealth.
There is NO price low enough to prevent deep pocketed vultures because Level 3 Quotes are available to the privileged few . This is unfair ... and I am angry. I guess this is why you aren't a fan of Stops.
Q: Can you explain why some etfs like USMV were down significantly more than the market this morning? Do etfs get halted like stocks when they drop significantly. I bought a small amount at 29.6 this morning, but was too chicken to buy a lot because I couldn't understand what was happening.