Stocks - The Best Buys 2

[MJK]

Originally Posted by Samonadreau

Looking like another tough open tomorrow. Oh well, keep nibbling away on the dips

Looked rough BUT futures are now in positive territory so we may get a reversal. Dow still down but S&P and Nasdaq now in the green.

[Jason14h]

Originally Posted by MJK

They did a reverse split @ 10:1 so trading at $35 is really $3.50

It's 1 year returns are still around 1300%. It was around $0.40 this year

[MJK]

^ Yes I thought he was talking about the recent change, but overall this stock has been money!

[Slava]

Originally Posted by Samonadreau

Only big difference is if the company pays a dividend. Dividends for American Exchange Companies are taxed in Canadian TFSA. I keep high dividend american investments in my RRSP and try to keep American growth/low dividend stocks in my TFSA..

There is some tax, but it’s a US withholding tax of 15%, and that’s on the dividend. It’s not as though you have to file US tax or anything like that and the other gains aren’t impacted. So, let’s say that the dividend is $1.00. If it’s a US stock that you hold in the TFSA, you get $0.85. If it’s Canadian you would get $1.00, all things being equal. But of course, therein lies the rub; are all things equal?

[MJK]

Originally Posted by MJK

Looked rough BUT futures are now in positive territory so we may get a reversal. Dow still down but S&P and Nasdaq now in the green.

All in the red again...argggg

[Iggy_12]

CBDT getting absolutely murdered this past week

[Muta]

Originally Posted by Iggy_12

CBDT getting absolutely murdered this past week

Definitely... although the CEO's interview yesterday was reassuring. Three clinics opening up in Ontario, with lots more coming down the pipeline.

I'm going to hold these stonks until the end of the year. This company has too much going for it (financials, strategic plan, etc.) and will likely recover eventually, and then some.

[flylock shox]

All the speculative stocks getting absolutely hammered, and even some of the blue chips feeling the hangover today.

Looking like a good weekend to review the portfolio methinks.

[Ozy_Flame]

Originally Posted by Muta

Definitely... although the CEO's interview yesterday was reassuring. Three clinics opening up in Ontario, with lots more coming down the pipeline.

I'm going to hold these stonks until the end of the year. This company has too much going for it (financials, strategic plan, etc.) and will likely recover eventually, and then some.

This is a definite hold, despite the markets this week. After watching that interview yesterday as well, it is clear this company is headed in the right direction. They just opened three new integrated clinics in Ontario this week, with 40 clinics on the docket across the country.

Now is even the time to grab all the stock you can.

[Iggy_12]

Fine you guys convinced me I will buy more hahaha

[DoubleK]

Anyone following NGA? They are merging with a Canadian EV manufacturer. Starting to get close to my PT to open a position.

[Stud_McCool]

Trying to average down on CBDT but it keeps going up!

[Enoch Root]

Originally Posted by Delthefunky

I am setting up a plan to save money from my pay cheques to buy some stock in an American company once a month. I have TD webbroker all set up. Just wondering what the cheapest way to do it is, whether I should buy the stock in my Canadian TFSA, or my American one? Or is there much difference at all?

If you hold a USD stock in a CAD denominated account, your custodian (TD) will probably convert your USD dividends to CAD automatically - and you will get raped on the conversion

If possible, hold US assets in a USD denominated account to avoid this

[sketchyt]

Originally Posted by DoubleK

Anyone following NGA? They are merging with a Canadian EV manufacturer. Starting to get close to my PT to open a position.

I took a small position in this. They bought Lion, who manufacture EV buses. I think a lot of places will look to improve infrastructure by replacing their fleet and public transport vehicles, and this company is one of the few who can accommodate that.

[Fuzz]

Step energy is on a bit of a tear this week, up from 1.05 to 1.30. Good sign for the oilpatch?

[Muta]

Originally Posted by Iggy_12

Fine you guys convinced me I will buy more hahaha

From the CEO today:

https://twitter.com/user/status/1365345441655611392

I believe; this company is only getting bigger and better and with solid fundamentals. The markets this week did not change a single thing about the potential of this company itself.

[Iggy_12]

Originally Posted by Muta

From the CEO today:

https://twitter.com/user/status/1365345441655611392

I believe; this company is only getting bigger and better and with solid fundamentals. The markets this week did not change a single thing about the potential of this company itself.

Thats awesome to hear, i got some more at .97 this morning and its bounced back already. Lets hope we get back in the $2 range soon!

[Muta]

Originally Posted by Iggy_12

Thats awesome to hear, i got some more at .97 this morning and its bounced back already. Lets hope we get back in the $2 range soon!

Getting in below the $1 price is great value. You'll thank yourself in spades later. If I wasn't waiting on my money getting in to Questrade right now, I'd average down to that level as well!

[agulati]

I picked up some more this morning as well. Just a small amount, but ended up averaging down, which I’m happy about. I was happy at the average price I was already at though too.

[burn_this_city]

I bought 3500 at $0.98, timing was pretty good. Thanks for flagging it.