Bought another 1% position in RYN at $43.32 to bring total position to 2%. Stock and others in this segment (PCL, PCH & NBD) have been acting well lately.
Archive for April, 2008
RYN – bought more
Monday, April 28th, 2008PCU – Bought more
Monday, April 28th, 2008Added another 1% to PCU position at $115.93 (down about 5%) to bring it to a total of 2%. With production in Chile being affected by electricity shortages, PCUs production in Mexico and Peru seemed attractive – or at least it will when production in Mexico halted by a strike resumes. <g>
Good Article in Barron’s
Saturday, April 26th, 2008I like the way these guys think.
Digging Deep for Value: AN INTERVIEW WITH ROBERT MARCIN AND STEVE EPSTEIN: The duo behind Defiance Asset Management practice “too-good-to-be-true investing.”
|
BTE Bought
Friday, April 25th, 2008Bought another .5% BTE making a total of 2%. Company in line for a credit upgrade. Pays almost 10% dividend.
Pre-open
Friday, April 25th, 2008The oil service companies have dropped since I sold them. Would be thinking to buy some back if they pull back more as they still have excellent long-term prospects.
Precious metals have been weak as the dollar has strengthened but medium-term and long-term inflation looks to be increasing so not thinking of selling those issues – GLD and the various gold and silver mining companies.
Bought PDS
Thursday, April 24th, 2008PDS down about 7% on the day – bought a 1% position – thought it was oversold
Pre-open
Thursday, April 24th, 2008China cut the tax on stock market transactions. The Shanghai market popped over 9% so CAF will be up a lot today I’m sure. And selling it seemed like such a good idea yesterday…
Was down about 1% yesterday – gold & silver related stocks were down, Canadian stocks down (in part because the dollar was stronger).
Gold & silver stocks look weaker today too.
No bright ideas yet. Wise Saying #54 “When there’s nothing to do, do nothing.”
Couldn’t resist – sold CAF
Wednesday, April 23rd, 2008CAF popped up over 12% today while the underlying Shanghai market was up 4-5%. Decided that that taking a big gain on a down day wasn’t a bad idea. Sold the entire 2% (what I bought a few days ago plus what I bought today) position at a nice gain.
More CAF
Wednesday, April 23rd, 2008Bought more CAF – up to 2% of portfolio now
Pre-open
Wednesday, April 23rd, 2008Copper stocks look they will continue up today
Precious metals look weaker
Thinking about MCD and YUM – doing well overseas and OK in US
Thinking about more oil sands – BQI, Opti and/or Connacher