CDN: Status of the Canadian Fantasy Portfolio On Sept 6/19
Another week has past.... no new stocks added... let us see where we stand now
Canadian Fantasy Stock Portfolio Update...Sept 6/19
Transaction History
Transaction................................................. Comments............................................................. Amount
..... Date
.......................... Initial investment........................................................................................... 100,000.00
06-AUG-19........ Buy 2000 shares of Centerra Gold @ $10.88/ share....................................... -21,760.00
23-AUG-19........ Buy 1500 shares of Dream Global REIT @ $14.39/share................................ -21,585.00
.................................................................................................................................................... ---------------
............................................................................Cash on hand including any dividends....... $56,655.00
Current Portfolio as of August 23, 2019
Ticker.................. Company....................Shares..... Price.........Value....... % Gain/loss...Dividends*
CF.TO................. Centerra Gold............... 2000...... $11.12.... $22,240.00......... 2.20%
DRG/UN.TO....... Dream Global REIT....... 1500...... $14.45.... $21,675.00......... 0.42%
................................................................................................ ----------------
............................................................Total value of stocks. $43,915.00
* Dividends are for reference only the cash is added to Cash on hand
Total Portfolio Value Summary
Cash on hand:.... $56,655,00
Total Value Trend
Date................... Value %Gain/Loss
02-Aug-19..... $100,000.00
23-Aug-19..... $102,050.00...... 2.05%
30-Aug-19..... $102,625.00...... 2.63%
06-Sep-19..... $100,570.00...... 0.57%
Charts
Well Thursday and Friday was not kind to the gold stock...that is where we lost ground... DRG/UN.TO basically stayed the same after rising nicely.
We will look at the price of gold now.... The chart for CG.TO doesn't look good and I will watch it closely on Monday.... I don't think Gold is going to falter... if it was any other type of stock I would slap a Limit Stop Loss on this stock and cut our losses. I don't do it here because I think Gold will pullback and I don't want to lose this stock to a short dip in early trading.
Here is Gold
As you can see the main chart looks similar to that of CG.TO.... the difference is in the indicators.... Gold has the Slow Sto still at basically 80 and the BBWidth is not showing a trigger yet, CG.TO does show a Big drop in the Slow Sto and the start of a trigger.
If Gold recovers I am confident that CG will follow.
UE |
