David Sylvain

Posts Tagged 'backroads boutique'

Why The Stock Market Is Healthy As Americans Die From Coronavirus

 

If someone owned one share of Google they would now get two shares of Google unique boutique , and the price of each share will be half the price of the current shares. RIMM continues to get hit hard on several downgrades over the past two weeks. Now that you’ve read over this article, do you find stock market investing to be interesting to you? At Indira Trade, we conduct learning courses for novice traders as well as advanced stock market courses. Longer term, anything below $24 should treat you well as the financials won’t be down and out forever. In the short term, the poor results could cause some short term weaknesses in the share price, which should it go back down to test the $5 mark, I would be interested to get back into the stock again. Sales proceeds from the oil and gas counters were used to fund this play, and I may continue to add on further weaknesses. We are beginning to see some uptick in interest in niche areas such as clean energy (e.g, LNG vessels) which may improve business activities for Sembcorp.

 

Should prices correct to my original buy price, then I may assess again to enter again. I have increased another tranche of Singtel at $3.73 a piece as the prices started to correct heavily, perhaps due to the spotlight on the high prices paid in the spectrum rights bidding exercise. FPL, Singtel and Jumbo: Re-evaluating these laggards in my portfolio to determine whether to divest any of them. Mostly a rebalancing of my portfolio by liquidation of oil & gas counters and increasing on certain counters. Excluding the telcos and SIA, now my entire portfolio is made up of REITs. In other words, it cannot get any more worse than it is right now. 0.97, at a comfortable level to get around 6-7% yield and having some exposure to the hospitality sector which is seeing some signs of recovery. I would be looking to increase my position again if the price weakens to the $3.50 level again.

 

Given the huge resistance at $1.10, it is going to be some time before the price will hit my TP. But it was able to rebound sharply last month thanks to an exciting new product launch and a compelling presentation given at its first analyst-day event. Air Canada was flying high prior to the pandemic, and the stock, in fact, rose by a staggering 3,500% in the last decade before COVID-19 disrupted our lives. Jeff Mackie of CNBC’s Fast Money loves this stock and bought in below $5 last week. CICT: Bought at $1.91 just before the merger. What matters more to me are the stream of dividends that these ETFs provide, and at a yield of 3 to 4%, I am satisfied with that. In fact, I don’t even check the prices of my ETFs on a daily basis, unlike my other active positions. ETFs: My ETF positions are intended for buying and holding “forever”, thus I am not concerned about the daily price movements of my ETFs.

 

I am still holding on to the units as the prices have not really recovered strongly, as it still continues to be resisted at the price level which I had previously sold the mother shares. This news is likely to cause weakness in the share price come Tuesday when the markets open, and the next level to look out for after the $3.70 level breaks would be $3.66 and thereafter $3.60. Current price hovers at around PB of exactly 1, though the price I exited was far below the $7 plus highs it made during the strong rebound, I felt that the strength in the stock was unsustainable. This was after it had announced results which I felt was disappointing. In this segment, the local power business remained heavily competitive, which adds to the worry that investors should continue to monitor for the results to come on Wednesday. Pacific Ethanol, Inc. (PEIX) – Pacific Ethanol, Inc cooled off Wednesday but is still a stock that is high on my radar. Ever since breaking above the previous high of $5.34 several weeks ago, the stock has been on fire.