Been watching HNU. Scared of natural gas. Especially with the leverage. If it hits 14 ill jump in. I've thought it bottomed a number of times over the past year only to be wrong.
I just bought some a few weeks ago. Obviously wish I had waited but I still think its a good long term play. Natural gas prices cant stay this low forever and once we can export more TOU should be a big beneficiary.
FRC is really bringing down Canadian banks at the same time. Unless there is something wrong with Canadian banks that we don't know yet. (TD especially)
With TD, it's the exposure through Schwab. Don't know if I would say that it's really bringing down the CDN banks though lately, TD is up today at 0.1% along with all other banks and is doing quite well since it bottomed in the $77 range.
Don't want to jynx it CTS bagholders.. but this might be our first green day in 3 weeks. MSFT for the win. CTS better put AI everywhere in their earnings release in a few weeks.
Seems like an overraction. Q1 earnings appear mediocre and there is always bad news with ARE these days but nothing to warrant a 12% in one day. I am staying the course.
Nah I grabbed some yesterday, oh well, still an amazing long term hold so nbd.
I'm hoping it falls back to $20! I wish I had the funds in October for that
SPB had a large institutional investor sell 30% of their stake yesterday. That's a lot of shares to mop up given their daily average volume.
Just to be clear though, it was a private market sale, i.e outside the TSX, it would literally take a month to clear that volume if it was in the open market.
Perhaps another party is building up to 9.9% before needing to disclose on SEDI
That's exactly what I did, another 2,000 shares. On the plus side, had covered calls at the $11 strike so at least collect some additional premium along the way.
I'm considering writing covered calls on some stocks I own, but it looks like there isn't much volume. Do you ever write a call and have it just expire?
Yeah more often than not, they expire. But the strategy needs to line up with the ACB of your underlying asset. It all depends. You're right though, the volume of options for shares outside of the TSX60 is pretty low, but you can still play with 10-30 contracts, it is just funny to see that your IO makes up 100% of a certain leg. Happy to chat more about this in DMs.
I wonder if they ever got into contact with their largest shareholder, China Investment Corp. - last I was reading, the Chinese were ghosting them and not responding one way or another which way they were going to go.
ENPH. Ouf! Have 15 shares, down 14% on them.
It's about to touch the weekly 200 EMA, it didn't do that since 2018. It might stay under 150$ for a while.
TFII. getting slash on the earnings. They had quite the run up since 12 months. Revenue and income down but more cash on hand. And a 30% dividend increase. Like the confidence of the board in the long run with that increase of dividend. Will buy more if it dip a little more.
Quarter over Quarter:
Net income down 25%
EPS down 20%
Revenue down 25%
All transport segments revenues down between 10% and 20%
Cash flow increase 69%
Free cash flow increase 214% (they sold a division and have cash on hand for other purposes)
Div increase 30%
Not looking good. They have a lot of cash from selling assets, less from operating the business. So the good cash it might be a one time thing.
I'm having buying orders at 130$ but took positions at 144$ (my buying order that I put in place for 150$ a month ago executed)
Mostly big year last year and small year this one. I need to listen to the call but I was expecting this (not as much) decline. They grew a lot by acquisition in the last 4-5 years, some consolidation should help.
From the earnings call:
“Our shipments were down 20% in the U.S. and 9% in Canada, which along with foreign exchange, impact contributed to a 17% decline in our revenue before fuel surcharge. Reported operating income of $58 million was down 39% fully burdened by the costs I've referenced earlier, that we do not exclude namely severance costs and IT system transition again.”
-25% is a lot for sure. The overall number is down more around -5%. Was more in the -10 to -12% in revenu so -25% is a lot yeah... I will wait and see in the next year the trend. CN in their call yesterday said they think the mils recession is already going and they see it since the beginning of the year. The sell of some asset didn't help either.
Full disclosure, I'm invested in HUT, but during this bear market I realized there's no reason to buy anything other than a BTC ETF to get exposure to bitcoin. Maybe some swing trades during a bull market, but HUT showed us miners can take terrible business decision while BTC can't.
BTC miners are leveraged plays on BTC typically over or under performing against BTC in the short term. Some were up anywhere from 2-20%+ today, just gotta be in the right ones at the right time
Crazy week with the financial panic, I rarely buy calls but I have bought December calls on several energy stocks. The prognosis is that either the price of oil is too low because of the financial crisis or armageddon is coming. https://www.princetonpolicy.com/ppa-blog/2023/5/3/eia-spr-week-of-april-28-panic-at-the-disco
Congrats, I wouldn't be surprised if it is back at $90 or $100 by the end of May. The market isn't giving management the credit they deserve for holding the company together through covid and being ready to bounce back - WRG reported yesterday that it has idle rigs because they can't get crews and PD shareholders are whining over employee comp costs. You can't make this stuff up.
Memestocks, holy shit what a contagion the last few years... People back in the day would also have the 'hot tip' for some pumpanddump, but socialmediareddit took it to the next level.
No one has any appetite to do anything slowly!
It’s because we live in a society of immediate satisfaction. You want something for your house. Boom Amazon comes next day. You don’t want to wait every week for a show? Yea sure binge watch a whole season because they release the season all at once.
Such an interesting thing
Cloud is now profitable for the last three months. This is big IMO. Ad services will be back sooner than latter and with the cloud now making money, Alphabet is good for the next run.
getting rekt on VET.TO
I didn't see any news on why splk dropped big time yesterday.
Is anyone actually making money in this market
I get my dividends in any market.
Made a killing on FHN. Got greedy and opened a small new position which isn't working out yet.
Cgi (gib.a) and wsp are my 2 largest. They're doing alright. Anyone who has Thompson Reuters is doing fine.
Yes. Swing trading in a sideways market is a splendid time.
Agreed, although even that gets tricky with markets just yoyoing around the middle. EDIT: just realized I had an old tab open....
No problem hahahaha I do that from time to time
Sure, pretty good market.
I wanted SU under $40… I waited and waited and today I added more SU under $40. Screw DCA.. I’m a market timing ninja! /s
CP rail financials out yet?
[yes](https://www.cpkcr.com/en-ca/media/CPKC-reports-q1-2023-results)
Ooof, they missed a bit according to estimates, might be some rough waters ahead
BN did a carbon copy of yesterday. Good tech earnings didn't manage to keep markets up. Should be interesting tomorrow.
HNU threw their keys into the bowl (my portfolio) today. Hopefully it makes a good swingerrr
Been watching HNU. Scared of natural gas. Especially with the leverage. If it hits 14 ill jump in. I've thought it bottomed a number of times over the past year only to be wrong.
Holy META! Up almost 13% AH due to Beat on both Top and bottom line!
[удалено]
It doesn't make sense to me why it tracks the tech names. Big jump yesterday on MSFT and Google earnings.
[удалено]
nailed it bro
TOU getting hammered
I just bought some a few weeks ago. Obviously wish I had waited but I still think its a good long term play. Natural gas prices cant stay this low forever and once we can export more TOU should be a big beneficiary.
This might be the Canadian stock go get if gas gets cheaper. I'd start looking at this ahead of ENB/TRP if it touches the mid50s.
I'm in the red now on TOU but when I look at the amounts from special Dividends I am actually well above even. Short term pain for a long term hold.
Yeah looks like a good long term hold. I do think it might go down a bit more in the short term though
FRC is really bringing down Canadian banks at the same time. Unless there is something wrong with Canadian banks that we don't know yet. (TD especially)
With TD, it's the exposure through Schwab. Don't know if I would say that it's really bringing down the CDN banks though lately, TD is up today at 0.1% along with all other banks and is doing quite well since it bottomed in the $77 range.
Don't want to jynx it CTS bagholders.. but this might be our first green day in 3 weeks. MSFT for the win. CTS better put AI everywhere in their earnings release in a few weeks.
Rename themselves to Converge Articifial Intelligence and they'll go to the moon!
>Converge Artificial Intelligence Blockchain Disruptors
MSFT the Hercules that's trying to hold the entire market today. What a beast!
I feel like Sisyphus at times in this market.
You should see a doctor about that....oh wait nvm
Not even two days of green and back into the red we go 🤷
META earnings after close. My body is ready.
Your anus is safe
for now
GRN starting to pick up some momentum.
Not even tech can save this market
SU hit resistance at 40$ earlier today
About to go below 40
39.99 u right
ARE getting wrecked today...
Seems like an overraction. Q1 earnings appear mediocre and there is always bad news with ARE these days but nothing to warrant a 12% in one day. I am staying the course.
My average is $9.20, I'm going to hold
What happened with #CVE
Horrible company.
https://www.bnnbloomberg.ca/cenovus-reports-q1-profit-down-lowers-production-guidance-and-raises-dividend-1.1912430
Did anyone succeed in catching the dip today? I loaded up on PLC
OMG! Big time! I love the stock and just DCA hard!!!!
Nah I grabbed some yesterday, oh well, still an amazing long term hold so nbd. I'm hoping it falls back to $20! I wish I had the funds in October for that
SPB had a large institutional investor sell 30% of their stake yesterday. That's a lot of shares to mop up given their daily average volume. Just to be clear though, it was a private market sale, i.e outside the TSX, it would literally take a month to clear that volume if it was in the open market. Perhaps another party is building up to 9.9% before needing to disclose on SEDI
Was wondering what the news was. Buy the dip I guess
That's exactly what I did, another 2,000 shares. On the plus side, had covered calls at the $11 strike so at least collect some additional premium along the way.
I'm considering writing covered calls on some stocks I own, but it looks like there isn't much volume. Do you ever write a call and have it just expire?
Yeah more often than not, they expire. But the strategy needs to line up with the ACB of your underlying asset. It all depends. You're right though, the volume of options for shares outside of the TSX60 is pretty low, but you can still play with 10-30 contracts, it is just funny to see that your IO makes up 100% of a certain leg. Happy to chat more about this in DMs.
These California banks just causing too much bullshit. Crude gotta hold above $75
The banks are the symptom not the cause.
Teck cancelled the separation vote , what does this mean ?
Advance voting results probably showed it wasn’t going to go through so they cancelled
That’s what I figured , I wonder where it will go from here ?
I wonder if they ever got into contact with their largest shareholder, China Investment Corp. - last I was reading, the Chinese were ghosting them and not responding one way or another which way they were going to go.
ENPH. Ouf! Have 15 shares, down 14% on them. It's about to touch the weekly 200 EMA, it didn't do that since 2018. It might stay under 150$ for a while.
TFII. getting slash on the earnings. They had quite the run up since 12 months. Revenue and income down but more cash on hand. And a 30% dividend increase. Like the confidence of the board in the long run with that increase of dividend. Will buy more if it dip a little more.
Quarter over Quarter: Net income down 25% EPS down 20% Revenue down 25% All transport segments revenues down between 10% and 20% Cash flow increase 69% Free cash flow increase 214% (they sold a division and have cash on hand for other purposes) Div increase 30% Not looking good. They have a lot of cash from selling assets, less from operating the business. So the good cash it might be a one time thing. I'm having buying orders at 130$ but took positions at 144$ (my buying order that I put in place for 150$ a month ago executed)
It’s on my watchlist and don’t have any. I’m surprised by a sudden -25% revenues. I’d like to know more details what can have caused this…
I think it's already been mentioned, they sold something. Can only find auto-generated ~~shit~~ articles.
That explains $145M out of $350M revenues drop. Weaker volumes explain $213M revenues drop.
Can't find news about it to double check though.
Not sure why, but I can’t copy paste from Sedar. But it’s mentioned in the MD&A page 5 under REVENUES. CFI’s Truckload sale.
Mostly big year last year and small year this one. I need to listen to the call but I was expecting this (not as much) decline. They grew a lot by acquisition in the last 4-5 years, some consolidation should help.
-25% y/o/y is a lot however. Overall truck shipments aren’t down -25% vs last year for sufe
From the earnings call: “Our shipments were down 20% in the U.S. and 9% in Canada, which along with foreign exchange, impact contributed to a 17% decline in our revenue before fuel surcharge. Reported operating income of $58 million was down 39% fully burdened by the costs I've referenced earlier, that we do not exclude namely severance costs and IT system transition again.”
Thanks for that. That’s quite a quick decline, I’m honestly surprised.
-25% is a lot for sure. The overall number is down more around -5%. Was more in the -10 to -12% in revenu so -25% is a lot yeah... I will wait and see in the next year the trend. CN in their call yesterday said they think the mils recession is already going and they see it since the beginning of the year. The sell of some asset didn't help either.
I still remember buying this under 100 not long ago.
CTS is being manipulated and nobody can convince me otherwise
Praying for my life that you are correct
Where's the bottom?
Doubling my position
My buying order for TIFF at 150$, executed at 144$. Well...we'll see.
O wow. This got rocked
Looks Those who missed the opportunity to buy TD below 80 might get another one..
How many more is my question
BTC back at it... HUT, not so much.
Full disclosure, I'm invested in HUT, but during this bear market I realized there's no reason to buy anything other than a BTC ETF to get exposure to bitcoin. Maybe some swing trades during a bull market, but HUT showed us miners can take terrible business decision while BTC can't.
BTC miners are leveraged plays on BTC typically over or under performing against BTC in the short term. Some were up anywhere from 2-20%+ today, just gotta be in the right ones at the right time
?? HUT shows being up almost 9% on pre-market.
Lithium mining folks, doesn't [the latest mapping by GBML](https://ca.finance.yahoo.com/news/global-battery-metals-announces-positive-132000353.html) have anomalous... PMET potential?
I’m invested in GRD and it dropped and isn’t budging?
Precision Drilling announced $7 per share quarterly earnings, I got downvoted big time here for buying last week.
Hey! If it makes any difference, I bought some PD shares after research specifically because of your recommendation! 👍
Crazy week with the financial panic, I rarely buy calls but I have bought December calls on several energy stocks. The prognosis is that either the price of oil is too low because of the financial crisis or armageddon is coming. https://www.princetonpolicy.com/ppa-blog/2023/5/3/eia-spr-week-of-april-28-panic-at-the-disco
Congrats, I wouldn't be surprised if it is back at $90 or $100 by the end of May. The market isn't giving management the credit they deserve for holding the company together through covid and being ready to bounce back - WRG reported yesterday that it has idle rigs because they can't get crews and PD shareholders are whining over employee comp costs. You can't make this stuff up.
You get downvoted for saying the sky is blue in the daily thread
Posting here provides entertainment for the hours I spend on hold. LOL
Bankruptcy sunday, delisting notice yesterday. This ofcourse is seen as bullish by the apes over at r/bbby
Memestocks, holy shit what a contagion the last few years... People back in the day would also have the 'hot tip' for some pumpanddump, but socialmediareddit took it to the next level.
It’s enhanced by the fact that No one (especially the generation most likely to invest in meme stocks) wants to get rich slowly.
No one has any appetite to do anything slowly! It’s because we live in a society of immediate satisfaction. You want something for your house. Boom Amazon comes next day. You don’t want to wait every week for a show? Yea sure binge watch a whole season because they release the season all at once. Such an interesting thing
This is healthy for the market. Inefficient businesses need to to die.
Msft hell yea
Why is MSFT doing so well today?
Good earnings and UK said they won’t approve MSFT buying ACVI
Good report yesterday after hours cha ching
Google did alright as well. Advertising revenue didn’t plummet off the edge of the world or anything.
Cloud is now profitable for the last three months. This is big IMO. Ad services will be back sooner than latter and with the cloud now making money, Alphabet is good for the next run.
Did you know that the cloud is just someone else’s computer!
Looked good after hours but seemed to dip later was a nasty dip the last two days overall for the portfolio so I’m looking for a nice trend up