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Microcap & Penny Stocks : Microcap Kitchen Canadian Stocks

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From: Bullish201010/9/2014 11:27:23 PM
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Globe says Taylor sells Enterprise, buys two small caps

2014-10-08 08:13 ET - In the News

Also In the News (C-ABM) Athabasca Minerals Inc
Also In the News (C-ALP) Alabama Graphite Corp
Also In the News (C-DVO) Delavaco Residential Properties Corp
Also In the News (C-PHM) Patient Home Monitoring Corp

The Globe and Mail reports in its Wednesday, Oct. 8, edition that The President's Club newsletter publisher Fabrice Taylor says it is "dangerous" right now to be investing in small-cap stocks, in what he calls the "late stage of the market." The Globe's Darcy Keith writes that Mr. Taylor says he sold a number of smaller names "for a nice gain." He says he sold Athabasca Minerals ($1.65) at about $2.85, which he bought at 25 cents in 2011. He says he also took profits on Enterprise Group (73 cents) and Patient Home Monitoring (37 cents). Mr. Heinzl said buy Enterprise Group on April 2 when the shares could be had for 92 cents. Enterprise shares have declined steadily since then. Mr. Taylor says he still owns some Patient Home shares. Mr. Taylor says he is always telling subscribers to take profits with the aim of getting their original capital back and letting the rest ride. Mr. Taylor has been a buyer of Delavaco Residential Properties ($1.01), which is a small-cap United States real estate play. He says yes to U.S. real estate plays and no to Canadian plays. Mr. Taylor says his top risky play is Alabama Graphite (22.5 cents). He says, "The graphite space is heating up a lot."
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