Post by
Sukhi19 on Feb 02, 2017 12:25am
Next Three Months
It may struggle around $9 till mid May.
Most difficult part of investing is to sit on profits. All those people who bought/added between $7.76 and $9 will find it hard to hold.
I plan to add with my distr money over next three months as and when it dips below $9.
I have realized over last three years that distrs make up for slowness in growth.
I took profits on earlier occasions and tried to go for faster growth in other sects but it was catatrophic except for VSN, RNW,CPX, D.UN, ALA and a few others, I booked heavy losses in oil sect but was lucky to get back to safety of KWH.UN when it was trading at a discount.
I feel rest of the stks in Canada are going to stay supressed due to Trump factor.
Only thing which can save them is a geopolitical incident in middle east.
The Analyst day webcast was full of details and provides a clear line of sight.
Volume is picking up and so should unit price.
Price movement reminds me of RNW and VSN.
Best of luck.
Comment by
Mickey2 on Feb 03, 2017 8:30am
"It may struggle around $9 till mid May." Can you explain what that means? KWH is in breakout mode. I don't think it stops for awhile.
Comment by
Sukhi19 on Feb 03, 2017 9:38am
Mickey2, Bought deal was at $8.45. Hence the tempetation to take profits. With Iran and USA locking horns, people may like to migrate to oil sect. There has been persistent selling by Canaccord Genuity over last two months. We may say similar actions.
Comment by
Mickey2 on Feb 03, 2017 9:55am
That was in June 2016... Usually its a 4 month hold. It must be free trading now. I can't see the stock hovering near $9 until May. It's breaking out from a long ascending triangle formation. Next stop is $10
Comment by
pennydredful on Feb 03, 2017 8:54pm
no hold was a public offering
Comment by
Windsorman on Feb 06, 2017 10:29am
I am surprised by the runup since a month ago when it was trading just above $8.00 and I was telling everyone to buy. I was taken out @$8.75 and obviously regret it. A guest on BNN recommended it over JE. People have been buying ever since. I would be cautious holding it now @ over $9.50.
Comment by
rico91 on Feb 07, 2017 8:48am
I hear you. Retired now and am enjoying the nice monthly divy. The SP appreciation is nice to see but is not critical. Rico
Comment by
staythecourse on Feb 07, 2017 10:03am
Rico: Congrats on your retirement status. I can't do that yet. Too many vices to support :(
Comment by
rico91 on Feb 07, 2017 11:46am
Sorry to tell you this, but the vices don't disappear when you retire. You just have more time to enjoy them !! Rico
Comment by
StocknerdEQcool on Feb 23, 2017 3:59pm
Well deisman looks like that you might have to be sitting with your cash for a long long time, but still this may be the best and safest thing to do when stock markets are at all time high and no one knows why there's no sign of any correction so far ?? Be strong.