TK Journal 2020-10-06

I down­loaded a new fil­ter from Stock Doc­tor today and ran it through the QAV Mas­ter spread­sheet.

There are a few things to note:

• An ETF, called ETFS ROBO Glob­al Robot­ics Automa­tion ETF (ROBO) scored well on the check­list and almost became a buy with a QAV score of 0.08. I men­tion this because this ETF allows investors to gain expo­sure to a bas­ket of com­pa­nies engaged in automa­tion and robot­ics and there­fore access to tech stocks at a rea­son­able price. The cur­rent price of ROBO is $70.52. I esti­mate that if the price drops to around $63, then ROBO will score a 0.1 on the check­list and all things being equal it would be a buy. Lis­ten­ers who are desir­ing expo­sure to this sec­tor may also want to fudge and buy this ETF around its cur­rent price even though its QAV score is 0.08 rather than 0.1.
• MFF Cap­i­tal Invest­ments (MFF) is very close to its Sell price, so I have raised an alert for a price < $2.56.
• I men­tioned in our most recent pod­cast episode that Tri­bune Resources (TBR) may come onto the Buy list at my next down­load, but even though it has been on my buy list before and now has a pos­i­tive oper­at­ing cash flow again, its price to oper­at­ing cash flow was too high to make the buy list this time.
• I have removed Coro­n­a­do Glob­al Resources (CRN) from the buy list, as it has declined a lit­tle this month and looks more like a Shrodinger to me and there­fore a falling knife. I know this will be a lit­tle con­tro­ver­sial for some lis­ten­ers who hold posi­tions, so they should do their own analy­sis. My thoughts are that the share price is now below the line drawn through the 2 low­est points and is, there­fore, a sell. Lis­ten­ers may decide to wait a lit­tle longer as we are only 1 week into the new month and the price may rise.

Regards,

Tony