TSXV:NYX.DB - Post by User
Comment by
JaretFFon Dec 07, 2016 2:35pm
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Post# 25567455
RE:new record low
RE:new record lowI can't speak for him but I would assume the same we are all thinking. He chose to invest in a great looking small cap venture company as is his mandate in his small cap fund. Then came the extended scandall fallout which hit the sector and then they expanded too fast buying companies and taking on debt and the market didn't like it and his investment is now going to take longer to be a win. Add in a few other factors and then the perfect storm for a big tax loss season and there you go. Hopefully he was smart enough for his investors paying good money that he knows to proceed with caution right now no matter what the fundamentals after his last buy in around 2.00 in September. At least I think he bought more in September because his funds holdings show a plus sign for NYX at the end of September.