GalSal... CJ had a good point, and I don't think his remark was a personal attack against you, but was just something that we all should keep in mind. As I mentioned in my comment on the profiles, you have to take anything that is said here, and realize that you probably have no real idea of who is writing it, and what their intent may be, until you have seen their posts for awhile. "Getting to know you..." so to speak.
Waterhouse, I believe, is owned by Toronto Dominion Bank, or some such entity. I don't know the status as it relates to shares on the market, just seem to recall someone's passing comment on CNBC about Toronto something-or-other. Waterhouses' on-line-broker system costs $12 per trade to buy (5K shares or less), and about the same to sell ($12-$14, depending on the value of the trade). 95% of the time, the system works fine. The 5% that it doesn't usually include the times that you most wish it were working. I have lost money due to my own mistakes, and I have lost money due to an inability to get on-line in the system, or when on-line, an inability of the system to handle the trade. You get a message that says the system is having trouble, and to call the 1-800 # for personal service. I've waited up to 2 hours, though the wait is normally no more than 10-15 minutes. Very frustrating, though, but I spend the time considering whether to haul the sharp-bladed guillotine, or the old rusty dull-bladed one, down to the local branch, or better yet to the office of those who could spend a few bucks to upgrade the system capacity.
Regarding my shares of PRFM, I have violated a rule I have been formulating, concerning the maximum percentage of my investing capital which should be allocated to any one risk. Normally, I would not have gotten to this level of investment, but the risk/reward ratio seemed quite biased to the reward side, so I've gone out on the proverbial limb. Tomorrow, I either retrace my steps down the tree a winner, or die from the fall.
I hope I'm alive tomorrow night, so that all of us in the "long" camp might raise a jug, or a glass, or a bottle, and toast our success.
Cheers! |
