RE:RE:Canadian Funds / Institutional Ownership update Update 2015-06-10
49 Canadian funds now @ 14.26%
Slightly higher, however, the lag may not take into account the Q2 revision, however, I believe this missed revenue will simply be moved into Q3/Q4
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As for Morningstar's May 31st report and comparing my last review [March 31st]
The top 10 funds own 9.92% [11.09%] -1.17%
Top 10 institutions own 13.87% [15.17%] -1.3%
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There is no doubt that some profit taking is happening going into summer.
This current dip could be a good entry point and expect those who sold on the dip will re-enter once we find a new footing.
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Ironically, we are currently sitting at a Market Cap similar to Pixstream before Cisco pocketed the company.
Looking forward to hear more of NFV and what its new Revenues(actual) will add to the bottom line.
HAGD