Weekly update for the Canadian Fantasy stock portfolio Jan 26, 2018
This has not been a good week... not in this Fantasy portfolio nor in my real stocks. I wonder if this is the beginning of the big correction. here is a chart of the Toronto Stock exchange
This is not at the urgent level at present but it does not look good for the near future. That triangle in the P&F chart has broken strongly down... there is a support at 16140 and again at 15910-15920... there is a hint of a reversal in the offing in the Blue line... again ...not serious but it bears watching.
The trigger chart shows the same supports. If the price approaches that first support and fails... well it will be starting a bollie slide... the Slow Sto and MACD don't look good but thankfully the BBwidth has not started a positive slope.... if it does that would be the signal for the big correction to begin in earnest.
Anyway, at least we have a good start to this portfolio and it is protected by limit stop-loss orders for the 2 remaining companies in this portfolio.
We lost APH.TO when it dipped this week. It has rebounded but I have no confidence in it for the short run. We made over 20% on this stock. I will buy it again if it dips again as long term I think it has a bright future.
Here is the portfolio as it stands
As you can see, we lost all the gains of the past week. Still... 7% is the average long term gain in many long term portfolios and we have this in our first month... so I am not worried
| Underexposed Canadian Fantasy Portfolio Value |
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| | Initial: |
| $100,000.00 |
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| | Cash : |
| $76,095.00 |
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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% |
| | 26-Jan |
| $107,160.00 |
| 7.2% |
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As you can see we are flush with cash. I am not prepared to use it in the near term... that is unless there is a big dip in APH.TO
| Current Portfolio as of Jan 26, 2018 |
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| | Ticker | | Company | | Shares | | Price | | Value | | Dividends | | % Gain/loss | |
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| | HBM.TO |
| Hudbay Minerals |
| 1500 |
| $11.25 |
| $16,875.00 |
| $0.00 |
| 0.55% |
| | PD.TO |
| Precision Drilling |
| 3000 |
| $4.73 |
| $14,190.00 |
| $0.00 |
| 2.83% |
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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 | Sold Jan 25 @ $20.00/share |
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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 |
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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 |
Next week will be interesting
UE
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