GREY:IPRSF - Post by User
Comment by
Bangkokboyon Jul 08, 2016 12:38pm
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Post# 25035740
RE:RE:RE:CZO
RE:RE:RE:CZOHi Klepto - I may be reading this wrong as this is just an observation but I hope you're not getting in and out of stocks in your TFSA? This is how it reads below if you're not holding them for a specific period of time prior to selling.
Also the hold period is sketchy, as I've heard these periods range from 3 mnths to a year depending whom you contact.
About the company, it seems like they've totally cleaned house and there's nothing left from the "Daniel days". Which includes the funky arrangement for DIWIP. Things seems to have calmed down and it looks like management are starting to do what they've said but there's still work. Fixing the share structure is what I've heard as one of their priorities.
klepto84 wrote: Yes Jpete. Liquidity is an issue at this point and the 12% interest on their long term debt is high, but but not crazy high for a company at their stage of developement. Hey it is possible to make money getting in and out of volatile stocks. That's what I do in my TFSA. But I am taking a longer view of GEL. Happy hunting folks. And I make mistakes. Got out of SVC last week before earnings announcement yesterday because the stock hit my "sell" price and I had made significant profit. SVC has a habit of missing earnings and price tumbles. They beat earnings and the stock is shooting. I played it safe. Took my money off the table so no harm done, but I don't have a crystal ball. No one does. Research and discipline is what it takes. And I wish I had more time for research and more damn discipline!!!!