GREY:CRIUF - Post by User
Comment by
deisman03on Feb 28, 2018 10:39pm
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Post# 27641386
RE:Beyond Today
RE:Beyond Today Sukhi19 wrote: This was planned and we had inkling. I have been harping upon the fact that #79 and ANON have been selling ruthlessly. #79 has sold between 3 to 4 hundred thousand units for last five months or so. One person can not possibly hold so many units and then sell them. #79 participated only at only at $9.80 or may be at IPO at $9.90. It looks a few individuals planned it through various brokerages (as ANON) and through #79 and shorted the company. They must have already covered their shorts as the volume indicates. In the process some permnant damage has been inflicted. A serious doubt has been cast over viability of the business model. Their detailed statement, NCIB and good? Q4 results, paying off the debt and some insider buying may lift the unit price by a buck or so. To expect it to trade over $10 would be over-ambitious.
As for diversification, you can only make big money by investing big in picking good companies and taking your chances. I have been successful with KWH.UN and VSN. ALA, CPX, ENF, ENB, SOX and CHE.UN are in my cross wires.
Crius management is smart and if some people are still shorting (which is unlikely), they may have to cover in a hurry after March 08 if JE results are any indication.
Take a look at SIN.un while you're at it. Pretty stable price with the odd minor bump but a solid 8% payer.