Weekly Summary - QIS Blog - December 7, 2018 - December 7th 2018
Weekly Summary - QIS Blog - December 7, 2018
Fast becoming a trend, this was another hard week for Canadian small-caps. The TSX Venture hit another fresh two and a half year low at 558 points. Part of this is market panic and part of it is now tax loss selling as investors look to lock in capital losses to save on current, past, or future taxes. We'll continue to monitor for stocks getting oversold and will be ready to buy on the dips as investors look to convert shares to cash.
We are always looking for new investment ideas and are open to researching any promising companies discussed in this forum or presented to us via email or phone call. As always, we have a preference for those stocks which are fundamentally sound, undervalued and underfollowed.
The most recent email update issued by QIS Capital was sent out to subscribers on November 26, 2018. QIS Update #19 included the latest news from Deer Horn Capital (DHC:CSE), and Q3 results from NTG Clarity Networks (NCI:TSX-V).
An updated QIS Capital Feature Company Profile dated Nov. 23rd for Deer Horn Capital (DHC:CSE) has recently been uploaded to the QIS Capital website.
Direct to PDF: http://www.smallcaps.ca/documents/mfVKRtGv/DHC1811.pdf
To receive QIS Capital’s email updates directly in your inbox as they are issued, please sign up at: http://www.smallcaps.ca/investor_signup. We typically send out 10-15 email updates per year.
The first week of December led to continued downward trading patterns for each of the three indexes tracked in the weekly blog. For the fourth week in a row, the S&P TSX Venture Composite Index fell to a fresh 52-week, this time reaching 558.32 points on Thursday. In all for the week, the TSX Venture dropped by 17.14 points, finishing at 572.38. Canada's primary stock index, the S&P TSX Composite Index, decreased on the week by a combined 402.69 points. Friday's close was 14,795.13 points, its lowest close since Oct 29th. Down in the United States, the Dow Jones Industrial Average lost more than 1,100 points during a 4-day trading week due to the closure of markets on Wednesday to honor President George H.W. Bush. In all for the week, the Dow Jones shed a combined 1,149.51 points or 4.5% to close on Friday at 24,388.95.
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