GMP SecuritiesGMP Securities: Mid/Small Cap Model Portfolio: Multiple New Additions and Deletions
Wi-LAN Inc. : Quant rank: 99/676
Q1/2011 EPS was reported on June 6th and came in at
.05 vs.
.01 in
Q1/2010 and met expectations.
The consensus EPS estimate for F2011 has risen from
.46 to
.48 since
reporting.
The stock is pulling back from the neckline of a 10-year inverse head
and shoulders basing pattern at the $8.00 zone.
The depth of the base supports a longer-term technical target to the
bottom of the monthly Fibonacci retracement box above $30.00.
230,000 shares of WIN are purchased at a price of $6.95, creating a
1.23% portfolio weight.
We will use further liquidity to increase the weighting to 2.0%.