minimum wait time

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In a recent answer about LSPD, you referenced a minimum wait time (“We took positions in the stock after the minimum wait time required after adding it to the Bull list last year.”) Can you pls explain what this wait time is and why it’s done. Thank you.

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Asked on April 28, 2020 12:52 pm
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Private answer

Hey there Stephen.

When we list a stock on our Bull list, whether it be our growth or dividend Bull list, we won't execute a transaction on that particular stock for a minimum of 7 days.

The primary objective of this is to keep objectivity and remove any bias from the report. This way, we can't purchase a stock, produce a report on the stock and send it out to members, in hopes they'll buy and inflate the price for us.

We by no means have a big enough membership base to move the market on a particular security. But, it is nice for members to know that we aren't pushing these stocks because we want to benefit from them.

So after the 7 day period has past, we are free to make transactions. In fact, we've ended up taking long positions in a lot of the stocks we recommend here at Stocktrades, and people tend to like that. It shows we have confidence in our picks, and aren't just producing them for the sake of doing so.

For example, I took a position in Kirkland Lake today as 7 days have past, which will be highlighted in our newsletter on the first of May.

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Posted by Dan Kent
Answered on April 28, 2020 1:03 pm