Dudsy wrote: ↑15 Nov 2017 15:38
Also kudos on the call. I don't own but been watching PBH for way too long hoping for a pullback. I thought there would be further weakness and that would be my entry point.
It's always good fun to get lucky, but it seems to have a way of balancing out.
Here's one that got away on me:
Foot Locker (FL) hit a low of $28.68 Nov 14 (2 pennies above my bid). It hit $41 today.
Started a small position in GUD (Knight Therapeutics) today at $7.80
Just posted elsewhere that I like to focus on high ROE and growing cash flows. This stock has neither! It does, however, have a lot of cash ($0.76 B) and a very patient manager. I suspect the delays in deploying the cash is creating investor angst. I like that they are not rushing into any deals.
There will probably be tax-loss selling on this one, so I may have stepped in a little early.
Just bought Peyto (TSE:PEY) again in my TFSA at $15.07 based on a new 52-wk low and lower oversold reading. This is a trade and I'm hoping for a quick bounce, and using a tight -5% stop.
Added: Lest you misunderstand me, you are definitely being speculative....but at the same time, there will be a bounce once the Arctic grips good portions of North America allowing you to walk away with some profits. Seems to be a pretty good bet.
Peculiar_Investor wrote: ↑26 Oct 2017 14:20
I recently had a Manulife 2018 note called early, so again held my nose and used the proceeds to purchase a Loblaws Corp strip that matures in June 2027, YTM is 3.83%. Our 10 year bond ladder now has an average years to maturity of 4.9 years and a YTM of 3.15%.
More nose holding this morning as cash flows in and trips rebalancing bands specified in our investment policy statement and the 2027 rung on the bond ladder isn't yet full.
In a registered account I deployed available cash to purchase 'best available' high quality (A+ or better) bond, in this case a Province of Manitoba strip that matures in March 2027, YTM of 2.73%.
Normal people… believe that if it ain’t broke, don’t fix it. Engineers believe that if it ain’t broke, it doesn’t have enough features yet. – Scott Adams
AltaRed wrote: ↑22 Nov 2017 16:00
You have BIG ones, you surely do.
Added: Lest you misunderstand me, you are definitely being speculative....but at the same time, there will be a bounce once the Arctic grips good portions of North America allowing you to walk away with some profits. Seems to be a pretty good bet.
You are right; pure speculative plays. These type of technical trades (based on deeply oversold levels) are fairly small; I only allocate $5,000 to each and hope to swing 5-10% quickly. In the case of Peyto, this is the 3rd time it happens since May and the last two times the RSI got this low (below 25) the stock bounced nicely. Just hoping to swing 5-10% quickly.
AltaRed wrote: ↑22 Nov 2017 16:00
You have BIG ones, you surely do.
Added: Lest you misunderstand me, you are definitely being speculative....but at the same time, there will be a bounce once the Arctic grips good portions of North America allowing you to walk away with some profits. Seems to be a pretty good bet.
You are right; pure speculative plays. These type of technical trades (based on deeply oversold levels) are fairly small; I only allocate $5,000 to each and hope to swing 5-10% quickly. In the case of Peyto, this is the 3rd time it happens since May and the last two times the RSI got this low (below 25) the stock bounced nicely. Just hoping to swing 5-10% quickly.
I'm reminded of a piece of advice an old cattle drover told me: I've lost rack of the number of times I've dropped the tailgate for a $5 bill. The moral being that when there are nickels on the pavement; pick them up. Just don't do it in front of a steam roller!
"On what principle is it, that when we see nothing but improvement behind us, we are to expect nothing but deterioration before us?"
Thomas Babington Macaulay in 1830
Bought some BABA. It is the leader in Asia and it's growth is mind boggling. When you compare to Amazon it looks like a much better prospect on a PE and earnings basis.It's been a mistake selling this type of stock.
Class Buy Date Symbol Name
Canada Large 17/10/02 BNS Bank of Nova Scotia
DOO BRP
CNR Canadian National Railway
H Hydro One
IGM IGM Financial
L Loblaw Companies
MG Magna International
RY Royal Bank of Canada
TD TD Bank
WJA WestJet Airlines
17/04/03 CP Canadian Pacific Railway
CTC.A Canadian Tire
DOL Dollarama
GIL Gildan Activewear
GWO Great-West Lifeco
MFI Maple Leaf Foods
PWF Power Financial
T TELUS
TRI Thomson Reuters
WFT West Fraser Timber
Canada Small 17/11/06 GBT BMTC Group
CGY Calian Group
CFX Canfor Pulp Products
CERV Cervus Equipment
CGO Cogeco
EQB Equitable Group
IFP Interfor
MRE Martinrea International
RME Rocky Mountain Dealerships
WEF Western Forest Products
US Large 17/11/20 ALLY Ally Financial
C Citigroup
CAG ConAgra Foods
DFS-N Discover Financial Services
FITB Fifth Third Bancorp
GM General Motors
KSS Kohl's
MCK McKesson
PHM PulteGroup Inc
WU Western Union
17/05/22 AMP Ameriprise Financial
CBS CBS
GLW Corning
HIG Hartford Financial
LMT Lockheed Martin
MSI Motorola Solutions
NTAP NetApp
VLO Valero Energy
WYN Wyndham Worldwide
YUM YUM! Brands
US Small 17/11/13 ARCB ArcBest
CFFI C&F Financial
CTRN Citi Trends
CMTL Comtech Telecommunications
TCS Container Store Group
EBF Ennis
GCI Gannett
IHC Independence Holding
KELYA Kelly Services
KE Kimball Electronics
PDLI PDL BioPharma
PERY Perry Ellis International
RCKY Rocky Brands
SCHN Schnitzer Steel Industries
TRK Speedway Motorsports
STRT Strattec Security
TLRD Tailored Brands
TOWR Tower International
TG Tredegar
TRNC tronc
Year to date, both Canadian screens are doing very well, probably because they don't have much oil and gas exposure. The US large-cap screen is about 1.5% below the benchmark. The US small-cap screen is doing poorly this year.
I have two spreadsheets: Screen Trades lists the trades and returns since I started. Screen to Date shows the price change for current positions.
My Canadian mixture is up 10.2 % and my USA is up 18%. My better stocks have been Photon Controls, Spinmaster, Apple, Facebook, Amazon, Google, Stryker and United Health. Every where I look tech is driving the agenda and the future so I have a strong concentration in that area. I have been taking small positions in Salesforce, Nvidia and Baba. Did make a nice profit of Shopify. Should have kept it.
This is what happened in the late '90s run up to the dotcom crash, except with a different cast of characters. It will happen again. Throwing money at companies that have minimal 9or no) earnings and are burning through cash are primed for failure. Tesla right now is a classic example ripe for flameout. If it continues its cash burn in 2018, it could potentially be insolvent and broken up before the end of this decade.
AltaRed wrote: ↑26 Nov 2017 11:27
This is what happened in the late '90s run up to the dotcom crash, except with a different cast of characters. It will happen again. Throwing money at companies that have minimal 9or no) earnings and are burning through cash are primed for failure. Tesla right now is a classic example ripe for flameout. If it continues its cash burn in 2018, it could potentially be insolvent and broken up before the end of this decade.
I understand and avoid Tesla. Apple ,Facebook, Google and Microsoft don't fit that definition. They have strong revenues, strong earnings , great margins, outstanding growth. Some even trade with a PE in the teens. Amazon is the exception. They don't show strong earnings because they keep ploughing capital into their very aggressive growth plans. They dominate the sectors they are into. Just walk through most shopping mauls and one can see the Amazon impact. I don't see Amazon going anywhere except up.Bezos is the merchandizer of all time . Tesla is a snow job in my opinion so I don't invest in it.
Which is why I focused on earnings (and I should have mentioned generation of free cash flow). I won't buy anything that doesn't have increasing EPS, and solid FCF/share (other than perhaps a 1-2 year hiccup in EPS while it absorbs a major investment). I obviously own all of these in my VTI holding.
Started a position A&W Revenue Royalties Income Fund (TSE:AW.UN) this morning at $32.85. Been stalking it for a while and I always missed it by a few pennies each time it dropped to these levels. Although their growth seems to have stalled - at least for the time being - I am happy to own such a predictable business yielding me almost 5%. We eat there on average once a month, and we probably spend $300 a year in total. The dividends should cover that and then some . I am prepared to add if it drops below $30/share.
Started a new position in SmartCentres Real Estate Investment Trust (TSE:SRU.UN), replacing BEI.UN that I just sold yesterday. I initiated this position in my TFSA which is where I intend to keep my REITs going forward. Paid $28.95/share, yielding just above 6%.
jay wrote: ↑30 Nov 2017 13:08
Started a new position in SmartCentres Real Estate Investment Trust (TSE:SRU.UN), replacing BEI.UN that I just sold yesterday. I initiated this position in my TFSA which is where I intend to keep my REITs going forward. Paid $28.95/share, yielding just above 6%.
jay wrote: ↑30 Nov 2017 13:08
Started a new position in SmartCentres Real Estate Investment Trust (TSE:SRU.UN), replacing BEI.UN that I just sold yesterday. I initiated this position in my TFSA which is where I intend to keep my REITs going forward. Paid $28.95/share, yielding just above 6%.
Started a position in Gain Capital Holdings Inc, NYSE:GCAP, the online trading company behind forex.com and City Index. I am mainly interested in it as a way to ride the bitcoin wave and it happens to have decent fundamentals. Paid $8.05/share
Bought some whitecap. Oil has plateud over the last 6 months and this stock has done nothing. It would do ok at 50$+. I don't plan on keeping it, but it's just a short-term trade
Also bought some CELG (US). It sold off as one of its Crohns prospects failed a phase 3 trial. It's still increasing its revenue from its other blockbuster drugs, has a deep pipeline and I think this is short-lived. This is also likely a short-term trade
SkaSka wrote: ↑07 Dec 2017 16:16
Bought a small, tracking position in Facebook around $175 a couple days ago.
I've heard of a full position, and a half position, but what is a "tracking position"?
For me, like a ~$1000-$2000 position that sits in the portfolio to remind me to think about the company more, read some more on the company, see what the price is doing, before deciding on whether to make it a bigger and more permanent position in the portfolio.