TSX:DCBO - Post Discussion
Post by
retiredcf on Oct 19, 2020 8:34am
Ink Research
We will be updating our election outcome odds in our October Gold Top 20 report. While the probability of a blue wave sweep scenario has likely increased, it is not a sure bet, and the risk of a gridlock scenario likely remains significant. This uncertainty may explain why insider sentiment generally remains stuck, refusing to give us hints on whether the stock market rally which started in the spring is likely to continue into year-end. While our INK Sentiment Indicator at nearly 100% remains bullish towards Canadian stocks over the next 12 to 18 months, its short-term pattern is on the edge between a bullish and bearish outlook. As such, we are bracing for some volatility and potential buying opportunities in the weeks ahead.
The top three INK Canadian Insider Index gainers last week were Docebo (Sunny; DCBO) +9.7% Goodfood Market (Sunny; FOOD) +9.4%, and Tourmaline Oil (Sunny; TOU) +5.9%. The three biggest laggards were Lithium Americas (Mostly Sunny; LAC) -16.4%, AutoCanada (Sunny; ACQ) -9.8%, and Orla Mining (Mixed; OLA) -8.6%.
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