Investing

What did you buy? What might you buy??

  • Last Updated:
  • Oct 15th, 2018 8:07 pm
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Deal Addict
Sep 10, 2004
1022 posts
72 upvotes
treva84 wrote:
Nov 13th, 2017 4:41 pm
Decided to sell some none core positions today - 1/2 ALA, MFC.

Buying - 1/2 NWH.UN, and will soon start a new position in an ex NA Div ETF (I.e ZDI or RID)
Why sell ALA today? NWH.UN is at 52 weeks high, why buy it today? Any fundamental changed?
Deal Addict
Nov 9, 2013
2407 posts
1049 upvotes
Edmonton, AB
sunny923 wrote:
Nov 13th, 2017 6:57 pm
Why sell ALA today? NWH.UN is at 52 weeks high, why buy it today? Any fundamental changed?
I think I was overconfident with ALA and it was too big of a position, so I am reducing it. I'm looking for a bit of international diversification, hence thinking about NWH.UN. The secular tailwind doesn't hurt either. I know it's a bit expensive, hence I won't buy a full position.
Sr. Member
Jul 13, 2007
684 posts
229 upvotes
Toronto
Wait for it to drop more. Lots of good assets, but lots of pain to be shed.

They went through this in 2008-2009.
Are you sure you wish to carry out this operation? You betcha.
Deal Addict
Jun 27, 2007
3872 posts
825 upvotes
so AMZN is not going to sell drugs online after all. They want to enter medical devices market - and McKessons are not impressed.
Buy CVS?
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!
Jr. Member
User avatar
Feb 25, 2005
136 posts
22 upvotes
Toronto
Started a position in EXE @ 8.96. Demographic play and a nice monthly divy.
Deal Addict
Jun 27, 2007
3872 posts
825 upvotes
added more GE @18
feels like catching falling knife ;)
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!
Deal Addict
Sep 24, 2001
1324 posts
32 upvotes
Toronto
Picked up 300 shares of ABX.TO @ 17.75 this morning
Deal Addict
User avatar
Mar 16, 2010
2432 posts
1047 upvotes
Burlington
daverobev wrote:
Nov 13th, 2017 3:53 pm
Anyone got any insight into GE? As a long term thing?
Falling knife right now but basically the majority of the people holding this as a dividend stock are going to be liquidating. Could be much more room to fall.
Deal Addict
User avatar
Mar 16, 2010
2432 posts
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Burlington
dlhunter wrote:
Nov 14th, 2017 10:49 am
added more GE @18
feels like catching falling knife ;)
Gusty. I've got at buy at $17, lets see if I get filled haha.
Deal Addict
Jun 27, 2007
3872 posts
825 upvotes
Dpack22 wrote:
Nov 14th, 2017 11:19 am
Gusty. I've got at buy at $17, lets see if I get filled haha.
we don't know where the floor is. I am buying in small chunks, luckily IB has 1c commission on stocks
GE looks ugly, but the long term channel support is right here, 18 bucks. The bottom will be when the stock reverses intraday on big volume... not there yet.
I am getting overweight GE (around 8% now). Buying low brings my cost basis closer to market price, so when the stock jumps to 22-24, I will trim position to 5%
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!
Deal Addict
Jun 27, 2007
3872 posts
825 upvotes
hedge fund managers found to be very optimistic and bullish, carry lowest level of cash - as found by BofA survey
I think they mentioned levels not seen since 1999-2000 and 2007-2008

this time it's different

p.s. btw, stocks making new lows exceed those making new highs. Something that hasn't happened in awhile too.
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!
Deal Addict
Dec 6, 2006
4051 posts
859 upvotes
Toronto
dlhunter wrote:
Nov 14th, 2017 11:34 am
hedge fund managers found to be very optimistic and bullish, carry lowest level of cash - as found by BofA survey
I think they mentioned levels not seen since 1999-2000 and 2007-2008

this time it's different

p.s. btw, stocks making new lows exceed those making new highs. Something that hasn't happened in awhile too.
I guess that's 1 stock on new high... AMZN, and pushing about 50 stocks to new lows due to fear of AMZN.
Deal Addict
Jun 27, 2007
3872 posts
825 upvotes
boyohboy wrote:
Nov 14th, 2017 11:43 am
I guess that's 1 stock on new high... AMZN, and pushing about 50 stocks to new lows due to fear of AMZN.
true dat ;)
in that case I will go buy the f dip Face With Tears Of Joy
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!
Deal Addict
Jan 20, 2016
1771 posts
736 upvotes
Houston, TX
dlhunter wrote:
Nov 14th, 2017 9:10 am
so AMZN is not going to sell drugs online after all. They want to enter medical devices market - and McKessons are not impressed.
Buy CVS?
"Buy on rumours, sell on news" (c)
AMZN will sell drugs online -> AMZN up, CVS down

AMZN will NOT sell drugs online -> AMZN up, CVS down lol

maybe that why I'm not a trader - too illogical for me Face With Tears Of Joy
Make the Trudeau drama teacher again!
Deal Addict
Dec 3, 2014
1223 posts
278 upvotes
Ontario
dlhunter wrote:
Nov 14th, 2017 9:10 am
so AMZN is not going to sell drugs online after all. They want to enter medical devices market - and McKessons are not impressed.
Buy CVS?
Source?

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