How do you feel generally about adding them in Toronto instead of the US - I'm not 100% familiar but does that incorporate currency effects in a different way?
Price is equivalent in today's currency rate NUT since Canadian currency is @ 7 years low...I am hoping to gain more than New York when our currency comes out of ICU...so even on a down day in New York .NE could be higher & gains could be much bigger IF CAD goes UP.....
My focus on current-year catalysts made me do a re-think on this name which is delivering a product 5+ years away still. I struggle to balance the risks and rewards to find a proper price target, and it feels like many of the speculative stocks are still heavy after spectacular runs.
I am looking at SYM for potential investment. After analysts have come back to the stock, comfortable with the company's explanations and resolutions on the accounting issue raised by the short selling firm, it remains the best pure way to play the warehouse automation theme. A $60 price target raise today and a nicely based chart above the 200 dma provides an immediate catalyst.
Hi Salem,
ReplyDeleteGood luck with AAPL!!
Hi Saleem,
ReplyDeleteGood luck with more AAPL!
How do you feel generally about adding them in Toronto instead of the US - I'm not 100% familiar but does that incorporate currency effects in a different way?
Stocktrader
Hi Stocktrader,
DeletePrice is equivalent in today's currency rate NUT since Canadian currency is @ 7 years low...I am hoping to gain more than New York when our currency comes out of ICU...so even on a down day in New York .NE could be higher & gains could be much bigger IF CAD goes UP.....
Hope that explains my strategy !!!
Saleem
Hi Stocktrader,
ReplyDeleteSold MU.NE @ $25.15
Saleem
Hi Saleem,
ReplyDeleteGreat trade on MU!
I thought it might be a sideplay on the Canadian currency - thank you for the thorough explanation :)
Stocktrader
HI Saleem,
ReplyDeleteSold LUNR @ 21.75 after a short holding period
My focus on current-year catalysts made me do a re-think on this name which is delivering a product 5+ years away still. I struggle to balance the risks and rewards to find a proper price target, and it feels like many of the speculative stocks are still heavy after spectacular runs.
Stocktrader
Hi Saleem,
ReplyDeleteRebought BITU @ 62.70 on a reiteration of support by Trump today and the constant buying by all types of investors.
Stocktrader
Hi Stocktrader,
DeleteGood luck with BITU......
Saleem
Hi Stocktrader,
ReplyDeleteAdded 55% RIOT @ $13.45
Saleem
Hi Saleem,
ReplyDeleteGood luck with more RIOT!
Stocktrader
Good luck with RIOT & BITU to both!
ReplyDeleteSimon
Hi Saleem,
ReplyDeleteI am looking at SYM for potential investment. After analysts have come back to the stock, comfortable with the company's explanations and resolutions on the accounting issue raised by the short selling firm, it remains the best pure way to play the warehouse automation theme. A $60 price target raise today and a nicely based chart above the 200 dma provides an immediate catalyst.
Stocktrader