USA: Status of the American Fantasy Portfolio as of September 6, 2019
It is time to show another update on this portfolio. No new stocks have been added over the week. There is enough money in Cash to get one more stock.
American Fantasy Stock Portfolio Update... September 6, 2019
Transaction History
Transaction................................................. Comments............................................................. Amount
..... Date
.......................... Initial investment........................................................................................... 100,000.00
19-AUG-19........ Buy 2000 shares of Seaspan Corp @ $10.00/ share....................................... -20,000.00
25-AUG-19........ Buy 1500 shares of Barrick Gold Corp @ $19.15/share................................... -28,975.00
29-AUG-19........ Buy 2000 shares of Algonquin Power & Utilities @ $12.90/share.................... -25,800.00 .................................................................................................................................................... ---------------
............................................................................Cash on hand including any dividends....... $25,225.00
Current Portfolio as of September 6, 2019
Ticker.................. Company....................Shares..... Price.........Value....... % Gain/loss...Dividends*
SSW................. Seaspan Corp................ 2000...... $10.58.... $21,160.00......... 5.80%
GOLD............... Barrick Gold Corp.......... 1500...... $17.87.... $26,805.00.......... 7.56%
AQN ................ Algonquin Power & Util.. 2000...... $13.30.... $26,600.00.......... 3.10%
............................................................................................... ----------------
............................................................Total value of stocks. $74,565.00
* Dividends are for reference only the cash is added to Cash on hand
Total Portfolio Value Summary
Cash on hand:.... $25,225.00
Total Value Trend
Date................... Value........ %Gain/Loss
02-Aug-19..... $100,000.00
23-Aug-19..... $100,320.00...... 0.32%
30-Aug-19..... $101,195.00...... 1.20%
06-Sep-19...... $ 99,790.00...... 0.21%
Charts
Both SSW and AQN look fine... AQN is simply marching on its bullish tracking of the upper bollie and SSW actually hints at a positive breakout
{sigh} Gold has never really been a good sector for me....and Barrick Gold has over reacted to a relatively mild pullback on Friday.of Gold....But I will have to be vigilant on Monday... I discussed the chart for Gold in the previous posting.
I am going to think about this more and perhaps I will put a limit stop loss on this stock before the opening on Monday.
Tomorrow I think I will do a little exercise to see which gold stocks pulled back severely and see if there is a fundamental reason for why some gold stocks fall harder than others... we shall see
UE
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