Pinnacle Activity Ticker
The Stock Next Door
I picked this title because it is about networking for new investment ideas. The lead could be from someone you play hockey/sports with,a club member or anyone in your community. I ask questions about their occupation;their employer;is it a public company; and how is business? It is a great way to meet people and learn something about them. Then I look up the company,check its charts for patterns / volume,see if insiders are buying and due further due dilligence.
HNL-T Summer 2009- They build camp trailers for oilpatch/mining. I knew oilsands were in a downturn because of oil prices being low and workers were saying that they were slow. I checked canadianinsiders.com and the insiders were heavy buyers. The company even started buying back their shares.The stock price seemed to have bottomed so I bought at 1.20. Today they are extremely busy,are trading near 5.00 and have initiated a dividend.
Lea-v fall 2010 I was at their shop talking to a foreman. I knew their stock price was way down from where it was and I asked him about it. He said it was about to turn around. It was about 10 cents/share. I did not really look ito it at the time and did not buy it. If I had checked the insiders were buying and now it is 1.18/share about 6 months later.
BT.UN-T Fall 2010 I was playing sports with a foreman from the company and asking questions. He said they were very busy. I did not buy it but insiders were,and their share price has risen a lot in the last 6 months. It is another turnaround story.
PRW.UN late fall 2010 They build roads for oil companies.I played sports with a boss from the company and he said their shares were going to turn around. I talk often with an employee of the company. I looked it up and the insiders were buying so I bought at 15 cents. It is still a turnaround story but three months later the shares are higher at 43 cents.
I am watching other companies operating around here and often people outside of your usual circles can give you clues so I am open to their ideas/experiences.