GREY:CRIUF - Post by User
Post by
deisman03on Jan 06, 2016 4:45pm
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Post# 24434432
inappropriate question
inappropriate question
BBB, my question wasn't inappropriate in any way, I asked the CEO if she could verify her previous prediction on her BNN appearance and the later appearance by the trusts GM. That was her response. Don't get me wrong about brokers but my experience with them has not been good. I am sure there are many very astute brokers out there. I just haven't been lucky enough to come across one that can or will do a better job of managing my portfolio than they did. Even if I queried them on certain buys their responses were not adequate and designed to make me go away and leave them alone. I can understand why, I don't have a multi million dollar portfolio. There just isn't enough money in it for them or in the case of one his hands were tied by the banking institution wing he was employed by. He was constantly trying to push stock on me that the bank had loaned money on and were trying to dump. One tool I like to use and seems to give guidance to a retail investor in my position is to follow the tech charts. Over the last year this trust has performed way beyond what I expected. I think there is still a lot more in it but the charts say there has been a significant head and shoulders pattern building up over the last four months. Right now we are at a critical point and I suspect it has a lot to do with the volumes being traded right now. January will definitely tell the tale. If this downward leg precipitates even further this trust's unit prices could drop back into the six range on momentum alone. It happens and it is usually instigated by wholesale shareholders with large amounts of shares either balancing their portfolios or just creating volatility for whatever reason. Many people believe this trust's unit price follows the TSX/NYSE chart flow and many believe it follows the price of oil/nat gas. Some say this is because most investors/brokers just don't fully understand the business model. The commodity prices are low right now and should bode well for the KWH.un bottom line because of fixed pricing contracts but not all of their contracts prices are fixed and fluctuate with the price of the commodity being purchased. Example 10% of a dollar is not as good as 10% of two dollars. Also I am sure that KWH.un is not paying spot prices for most of their commodities and have hedged at much higher prices. If they are hedging now at these prices the future should bode well for us. Lots of variables, some of which aren't found in their prospectus.