Weekly update for the Canadian Fantasy stock portfolio Jan 19, 2018
A highlight of the week is the acquisition of Precision Drilling Corp [PD:TSX] here is it's charts
Very nice P&F catching that bounce off the support. The computer algorithm says we are headed for $7.45... that is nice but there are a few bumps along the way... the first being a resistance between $4.90-$4.95.
the trigger chart shows we are in consolidation. The slow Sto looks great but the BBwidth has a long way to fall before there is a Bollie squeeze. As the price of oil improves, so will the price of this stock... we have it cheap IMHO.
Another highlight is the rebound of Aphria [APH:TSX]... As I have pointed out in previous posts its share price is in the $22 range... this really helped the bottom line. With the LSL in place we are not going to lose those gains this time :). If another dive does happen I will take the proceeds from any sale and buy the stock back again at its low point.... this stock has a huge future as the growth of the cannabis industry grows in Canada.
The downer of the week was the sale of Andrew Peller Ltd Class A [ADW.A:TSX] here is its final story
| Ticker | | Company | | Shares | | Price | | Value | | Dividends | | % Gain/loss | |
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| | ADW/A.TO | Andrew Peller Ltd Class a (SOLD) | | 2000 | | $15.00 | | $30,000.00 | | $90.00 | | -1.34% | |
We did collect one dividend for $90 and overall our loss is pretty small. I have a potential replacement stock that I will talk about in another post soon.
Here is the portfolio update
| Underexposed Canadian Fantasy Portfolio Value |
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| | Initial: |
| $100,000.00 |
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| | Cash : |
| $36,095.00 |
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| | Date | | Value | | %Gain/Loss |
| | 15-Dec |
| $100,000.00 |
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| | 22-Dec |
| $99,900.00 |
| -0.1% |
| | 29-Dec |
| $104,680.00 |
| 4.7% |
| | 5-Jan |
| $107,615.00 |
| 7.6% |
| | 12-Jan |
| $106,765.00 |
| 6.8% |
| | 19-Jan |
| $112,170.00 |
| 12.2% |
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We doubled our profits in one week... this portfolio is performing nicely... we are far ahead of the US fantasy portfolio after one month.... may it long continue :)
| Current Portfolio as of Jan 19, 2018 |
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| | Ticker | | Company | | Shares | | Price | | Value | | Dividends | | % Gain/loss | |
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| | APH.TO |
| Aphria Inc. |
| 2000 |
| $22.19 |
| $44,380.00 |
| $0.00 |
| 34.48% |
| | HBM.TO |
| Hudbay Minerals |
| 1500 |
| $11.75 |
| $17,625.00 |
| $0.00 |
| 2.82% |
| | PD.TO |
| Precision Drilling |
| 3000 |
| $4.69 |
| $14,070.00 |
| $0.00 |
| 1.96% |
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| ORDERS |
| PD.TO purchased Jan 16/18 |
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| Limit Buy order for 3000 shares of Precision Drilling [TSX:PD] @ $4.60/share effective 11:00am MST |
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| effective Jan 15 @9:30am MST |
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| Limit Stop-loss for 2000 shares of Aphria Inc [APH.TO] trigger price $20.00 to limit price $19.50 |
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| effective Jan 19 @ 11:45am MST |
| Sold |
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| Limit Stop-loss for 2000 shares of Andrew Peller Ltd [ADW/A.TO] trigger price $15.00 to limit price $14.00 |
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| Limit Stop-loss for 1500 shares of Hudbay Minerals [HBM.TO] trigger price $11.10 to limit price $10.00 |
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| Limit Stop-loss for 3000 shares of Precision Drilling [PD.TO] trigger price $11.10 to limit price $10.00 |
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Conclusion
We are doing well so far and with the LSL orders in place we can expect to keep most of these gains if a collapse happens. I am thinking of a ripping up of the NAFTA agreement. This would harm both sides... It might be actually good for Canada as it would force our industry to seek deals outside the low hanging fruit of USA trade. I cannot see the benefit to the USA and politically it would be very bad...why? well if the USA cannot resolve trade issues with its number one trading partner... who can trust them???
Trump is very short sighted if he does not see the damage to areas of his country.
Anyway, it has not happened yet...
Good Trading
UE
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