General comments from an expert | StockChase
10664
A Comment -- General Comments From an Expert (A Commentary)

Last Price Recorded: $0.0200 on 0000-00-00

ON STOCKCHASE SINCE Oct 2000

Sometimes an expert talks about things other then a particular stock. We think it may be useful to include it, so this is the spot we use.


General comments from an expert


Signal Opinion Expert

2017-11-17

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A Comment -- General Comments From an Expert 

Market. Industrials, technology, financials, and materials are showing decent relative strength. The advance/decline lines have been a stubborn holdout, but this week it has turned. Everything else was already moving. When comparing the index to the advance/decline lines, it was still negative, but has flipped and gone positive this week. Signs point to a pretty good run right through to 2018. With higher rates, he believes the consumer and businesses gets us well out into 2018.

Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $0.000
Owned: _N/A

2017-11-17

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A Comment -- General Comments From an Expert 

Market. He is christening this “The Year of the Repetition”. Feels we are going to see oil and gas pretty much the same. Oil and gas stocks have not really helped the market, but the rest are doing quite well. Mining is humming a bit. It’s at the lower end of things because we don’t have big mining companies any more. Banks will just plow on, so don’t bother to trade them. 

Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $0.000
Owned: _N/A

2017-11-16

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A Comment -- General Comments From an Expert 

Market.  WHY-X put out a news release that suggested someone would buy their deposit in BC.  The company surged and was halted, then the deal fell apart.  You have to be careful about this.  He cannot believe the kinds of things that go on in this market. 

Adam Thomas

Vice President & Portfolio Manager, Qwest Fund Management

Price: $0.020
Owned: _N/A

2017-11-16

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A Comment -- General Comments From an Expert 

Market. Overall, it was a very, very strong quarter. Thinks it’s a prelude to a pretty good year to come, and continuation of this grudging bull market we’ve been in. While we are getting a few divergences on the valuation front, which is creating some great opportunities for active managers, overall things are looking very, very good, and he is optimistic going forward. Economically, things are very good. The US central bank is now unwinding the quantitative easing that they’ve had in place for about 5 years. Interest rate increases will probably continue.

Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $0.020
Owned: _N/A

2017-11-16

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A Comment -- General Comments From an Expert 

IPOs? With these, you have to do a lot of homework. There is no background in the public market. For the average retail investor, it is tough. There is also another aspect. It’s the way shares are delved out to people who have asked to get them. The average person is at a disadvantage, as there is a bit of a network among dealers. His general rule is to avoid them.

Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $0.020
Owned: _N/A

2017-11-15

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A Comment -- General Comments From an Expert 

Energy. He made the decision to leverage up earlier this year and buy some oil stocks, on the belief that the macro for oil was and is continuing to improve with the continued drawdown in the oil glut. With the passage in time due to strong demand growth, compliance by OPEC and by faltering US production growth, means inventories will draw, and would normalize towards a more normal oil market. At the end of October, the OEC inventory glut fell by 60% and should continue. Oil is up on the year, and yet his fund is still down 38%, a huge disconnect between the commodity price and stocks. This is because energy has been the worst performing sector on the planet. There is an OPEC meeting on the 30th and an element of uncertainty as to whether the agreement will be extended to the end of 2018. Oil is up 2 days ago, making a two-year high. Inventories are falling at the fastest pace in history. He is hoping that in the next couple of weeks buyers will come back, recognizing the opportunities that are available.

Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $0.020
Owned: _N/A

2017-11-15

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A Comment -- General Comments From an Expert 

Market. At the moment we are in an intermediate up leg, a very short-term type of correction. As a result, there is a rotation going on from more cyclical stocks into the consumer staples and utilities. There is a 90% likelihood interest rates are going to be raised in December, and typically everyone is concerned about rising rates being bad for stocks. Historically, that has not been the case. He is quite positive on stocks for the next 12 months.

Robert McWhirter

President, Selective Asset Management

Price: $0.020
Owned: _N/A

2017-11-14

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A Comment -- General Comments From an Expert 

How do ethical questions involved with owning marijuana stocks compared with those involved with owning tobacco stocks? Has an aging client base in part, with no fewer than 5 who have Parkinsons. 3 of them are taking medical marijuana which is alleviating their symptoms. He has nothing against the ethical use of marijuana for medical purposes. Also probably doesn’t have much against non-medical uses for recreational purposes.

David Baskin

President, Baskin Wealth Management

Price: $0.020
Owned: _N/A

2017-11-14

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A Comment -- General Comments From an Expert 

Canadian Banks. Their year-end is October 31, and we haven’t seen results yet. He predicts the Canadian banks have all made a bunch of money for their year end, and a number of them are going to raise their dividend. There should be pretty good trading revenues in the 4th quarter. You have to own Canadian banks.

David Baskin

President, Baskin Wealth Management

Price: $0.020
Owned: Unknown

2017-11-14

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A Comment -- General Comments From an Expert 

Economy. The world economy is pretty well a synchronized growth right now, and the markets look good through to the end of the year. Not since 2007 have all major global economies been growing in tandem. It really creates a virtual circle for the economy. Investors needn’t be too concerned going into the holiday season. You have a strong Canadian consumer and a pretty strong Canadian economy, so holiday sales should be pretty strong. You need to be focusing on earnings, etc. in the 1st quarter of 2018. 2017 was such a strong year with strong results, that year over year comparables are going to be much tougher to beat in 2018. The growth rates may be slower than they were in 2017.

Ryan Modesto

Managing Partner, 5i Research

Price: $0.020
Owned: _N/A

2017-11-14

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A Comment -- General Comments From an Expert 

Marijuana. Doesn’t follow specific companies, because he can’t get to the valuation they are trading at. The Constellation Brands investment into Canopy Growth has sparked a lot of interest, but this was done more as a defensive position. It was an interesting move and expects there will be a lot more institutional money flowing into the marijuana sector. He couldn’t justify this as an investment at this point.

Ryan Modesto

Managing Partner, 5i Research

Price: $0.020
Owned: _N/A

2017-11-14

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A Comment -- General Comments From an Expert 

Market. Earnings were very strong across the industries, and went a fair distance towards justifying the rally that we have seen in equities in 2017. The Fed Chairman is dovish on interest rates and for good reason. As economies around the world have strengthened, Europe is probably doing better now than it has in the last 10 years, we are seeing no signs of inflation anywhere.

David Baskin

President, Baskin Wealth Management

Price: $0.020
Owned: _N/A

2017-11-13

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A Comment -- General Comments From an Expert 

Market.  GE-N announced a dividend cut.  It is not the company it was years ago.  It was like IBM 25 years ago when they reengineered it.  There will be tax loss selling to come and the dividend cut is probably not the first to come.  At some point it will probably be a bargain.  They won’t rebuild the dividend any time soon.  If this goes down to $15 then you are back to an attractive dividend.  We are starting to have to deal with BREXIT.  It will be disruptive.  All trade deals being broken by Trump will be so also.  The US is being very disruptive and this will be a negative for the world.  Tax reforms in the US:  It will be difficult to reconcile the state vs. federal taxs.  It will be a disappointing bill that will give you a sell-the-news affect.

Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $0.020
Owned: _N/A

2017-11-13

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A Comment -- General Comments From an Expert 

Educational Segment.  Bitcoin: He thinks it is speculative.  It is a crypto currency.  It is money:  a store of value, a unit of account and a medium of exchange (the definition of money).  The intrinsic value of Bitcoin is nothing.  It is more likely to be zero than anything else.  GBTC-N is a fund that trades in Bitcoin as the underlying asset.  From a risk perspective, it is the highest risk category you could imagine.  GBTC-N trades at a 49% premium to the underlying currency.  Expect volatile ups and down.  He is negative on the outlook.  It could keep going up for years but it is a speculative vehicle and you should leave it alone unless you are a big risk taker as you are not owning the underlying technology.  It has no underlying value.

Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $0.020
Owned: _N/A

2017-11-13

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A Comment -- General Comments From an Expert 

Market.  He likes stocks that don’t need the markets to go higher in order to provided returns.  There is a lot of opportunity to make money in Canada.  We have seen a lot of good things happen in the markets.  We are piggy backing a little on the things going on in the US markets.  We have seen energy markets bounce here in Canada.  There are positive signs here in Canada but also things to be concerned about.  The US congress and the president may not get a tax deal done.  Whether or not there is a hike in rates that will make more difference.

Brendan Caldwell

President, Caldwell Securities

Price: $0.020
Owned: _N/A

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