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Message: Re: Canada Bulls has flipped to a Buy

I hear what you are saying, but what I am saying is illustrated by the following (would have been easier with the chart). The dates listed at the start of each column below are when Canada Bulls set a BUY signal, and the closing price when the signal was set. Aside from the last entry (Jul 21), this was the start of a leg up, before Canada Bulls changed their signal from BUY (to SELL or SHORT), and also listed below is the stock price when the signal was changed from BUY. All in 2014.

BUY Jan 6: $0.57 up to $0.71 (Feb 3 SELL)
BUY Feb 10: $0.79 up to $1.03 (Feb 19 SELL)
BUY Feb 28: $1.04 up to $1.29 (Mar 14 SELL)
BUY Mar 21: $1.30 up to $2.01 (Apr 21 SELL)
BUY May 15: $1.54 up to $1.73 (Jun 2 SELL)
BUY Jun 18: $1.58 up to $1.79 (Jul 10 SELL)
BUY Jul 21: $1.58 up to $1.60 (Jul 24 SHORT)

Where are we headed now?

BUY Aug 19: $1.44 up to ??

Not interested in day trading this stock, but my point is, based on recent history, this is more than likely a positive, but of course not guaranteed. In other words, I am a lot happier that the signal is BUY and not SHORT, that's all. The 60% accuracy might be what the mean is for all stocks, but seems higher than that for PTK. Not looking at the buy at $1.38 when the price closes at $1.44, I am looking at the consistent upward trend after the signal is set to BUY.

Cheers and good luck!!

Quan

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