Marcel7 wrote: Had to un-ignore you just to respond to this and your other garbage posts and read those of your other alias Notwrong.
As you clearly know how to look up a 13F I assume that you know how to read it, and not just try to twist it into something else, or dismiss the information contained therein as irrelevent.
Let me walk you through it, even though I know you are intentionally trying to mischaracterize the information.
The 13F was filed January 29, 2016. Not December 31, 2015, so no, this information is not 2 months old. It shows the company's position AS AT December 31, 2015. However this information was only available to us, and the market, at the end of January.
Yes it is an automatically generated article, but I had not heard this anywhere else before. Of course I looked up the 13F to confirm. Sorry, but I am not in the habit of scanning all 13F's for their position in CXR, so I am not able to disseminate this as soon as the 13F is filed. Perhaps I should start doing this though, I have the ability.
Had ANYONE else mentioned this information perviously on this board? NO.
Do you think someone invested in this company, retail investors perhaps, would like to know that a major and well respected Canadian insurer bought up more than 1% of outstanding CXR shares in their latest quarter? YOU BET.
So by definition is it irrelevant? NO.
Especially considering this would have definitely been purchased AFTER the acquisition and AFTER the healthcare sector tanked in October.
Where the hell do you get your average share price of $51.429?
The price in the filing is NOT the price they paid per share (which I am sure you know), it is the MARKET VALUE of their shares at CLOSE for the period they are reporting. But even taking that in USD and converting to Canadian it doesn't give you close to $51.429....that would imply an exchange rate of 1.255697 to 1, which is wildly off.
Also, you say it is "fuglier than my cost base", but in a later post on Saturday you state that you are neither long nor short, that you are just trying to preserve capital. So what exactly is your cost base then? How many shares are you claiming to hold? Can I expect a response to those very basic questions or more misinformation that you cannot keep straight.
Also, for someone scolding others that they should be spending time with their families, you spend an awful lot of your Saturday afternoon posting and responding on here. Don't they give you a day off? I tell you, I would not want your job, posting articles and misinformation all week for minimum wage. I had a lovely day with my family for the record.
GLTA
Marcel
P.S.
Here is some correct info on what a 13F says, for retail investors, so they don't buy ChartSchool's BS:
13F's are ALWAYS backwards looking, they do not file when they make the transactions.
You can look at their previous filings to see what changes they made in their positions. They are filed at the end of the quarter. The 13F show you the value of the position at the end of the period, all this can tell you is what the closing price was, easier to get it directly. You can try to infer what price paid for the shares were based on the average price over the reporting period but that's the best you can do with a 13F.
ChartSchool wrote:
Lucky, Excellent advice to buy the dips and short attacks. A further search of this 13F filing, dated December 31, 2015, reveals an average share price of $51.429 for Great West Life. Ugggh.. I think that is fuglier than my cost base. Maybe you should send the institutional manager of Great West Life a memo outlining you "buy on the dips" strategy.