A Starter Position in Glacier Media (GVC.to)
This is the last of a series of posts I’ve written over the weekend discussing a number of changes to my portfolio over the last two weeks.
Why I took a position in Glacier
While I love it when my stocks go up, it can be frustrating when they go up before I have a chance to talk about them. I bought a starter position in Glacier last week. Here is the buy for my practice portfolio:
I had been planning to say something about Glacier but I wanted to spend a little more time on both the name and the sector to make sure it was indeed a stock I wanted to hold before talking about it. I’m still trying to get comfortable with this whole newsprint theme and Glacier has a few warts on it that I’m still not completely sure about.
However I waited too long. On Friday the stock jumped 10% and closed the day at $1.45 per share.
I have no idea why the stock popped. I thought for sure someone on BNN must have recommended it, but I scoured their on-line videos and found nothing. Who knows, maybe someone said something at a conference or a presentation. We will probably never know. Read more
Reminiscences of a Stockblogger 