More Gains. Portfolio gained +1.59% (CAD +2.70%)this week.
Changes:
In the CAD side of the portfolio I took a position in Garda World Security Services (GW.TO). Garda World Security is a midsize security based in Montreal, Canada, with an upside potential. The company has had a single bad year (2008, -98%), but quickly recovering, through a good financing and restructuring, to have a return of more than +1000% since then.
In the USD side, I finally closed my position in TNH recording a loss of -22.61% on the position. I still believe that TNH is a good "buy and hold" stock, but unfortunately the company has been caught into the struggle of the takeover of its parent company Terra Industries TRA by CF Industries (CF), and in the short term it will be holding a sizable amount of cash that could be used otherwise.
Using the cash from the recent exits, I took positions in Wells Fargo WFC and Starbucks SBUX.
Performance:
The Financials moved higher this week with C jumping +10.80% and BAC moving higher by +7.70%.
In Canadian energy, FM.TO gained +4.14% and TCK-B.TO +5.36%.
All other positions remained in the +/- 1% area, with the exceptions of VALE which moved higher by +5.09% recovering most of the past weeks loses, and BVF.TO which gained +3.60% for the week.
The YTD performance at the end of the week is +13.28% (+11.14% in CAD).
Monday, March 29, 2010
Sunday, March 21, 2010
Week 11 - Preview
Sideways. Portfolio gained +2.83% by midweek and lost it all to land right back were it started on Monday.
I doubled my position at TBSI early on the week, and the move paid off since TBSI jumped +9.00% by the end of the week. I also closed my position in NAT. I still believe strongly that NAT is a good play for the long run, but in the past few months it has moved very little and it is simply using cash that could be better used in other opportunities.
TNH continues its loses (-9.85% this week) and at this point I am looking to see where the bottom it will be. GMCR gained slightly (.87%), closing at $93.90.
The Financials moved very little in the week and so were the Utilities and Resources.
In Canadian energy I increased by 200% my position in FM.TO, since I believe it has some room to grow, and FM.TO ended up +2.17% for the week. A good performer was also BTE-UN.TO that closed +3.34% on the week. The other positions were mainly in the positive side but with very small gains. The exception is PVE-UN.TO which closed the week on a loss of -9.36%.
The YTD performance at the end of the week is +11.46% (+8.26% in CAD).
I doubled my position at TBSI early on the week, and the move paid off since TBSI jumped +9.00% by the end of the week. I also closed my position in NAT. I still believe strongly that NAT is a good play for the long run, but in the past few months it has moved very little and it is simply using cash that could be better used in other opportunities.
TNH continues its loses (-9.85% this week) and at this point I am looking to see where the bottom it will be. GMCR gained slightly (.87%), closing at $93.90.
The Financials moved very little in the week and so were the Utilities and Resources.
In Canadian energy I increased by 200% my position in FM.TO, since I believe it has some room to grow, and FM.TO ended up +2.17% for the week. A good performer was also BTE-UN.TO that closed +3.34% on the week. The other positions were mainly in the positive side but with very small gains. The exception is PVE-UN.TO which closed the week on a loss of -9.36%.
The YTD performance at the end of the week is +11.46% (+8.26% in CAD).
Saturday, March 13, 2010
Week 10 - Preview
What a week! Markets jumped further up this week, recording a gain of +5.98% (CAD +4.64%) for the portfolio.
The highlight of the week was the jump of C (+12.15%) and the LEAPS calls that I have on it. I would have hoped that the rally on C would continue next week, but unfortunately it ended with a sell-off on Friday losing more than 5% for the day.
The Financials bounced upwards (MS +4.36%, C +2.94%) following the major indexes (SPY +3.16%). Shipping again ended up for the week with TBSI (+5.64%), FRO (+8.12%), and NAT +4.07%). Utilities and Resources were mixed: VALE (-2.56%), VLO (+4.34%), TCK-B.TO (-1.82%), FM.TO (+2.33%).
TNH recovered some of the losses of last wee, gaining +4.87%, and GMCR continued its climb towards the $100, closing at $92.65 (+4.72%).
The Canadian dollar continues its climb towards the parity with USD (closing and Friday at USD 0.9827), affecting so the USD side of the portfolio or the 67% of it. I expect the CAD reach parity on early summer and will continue through it before the Bank of Canada making a move. In order to hedge against this, I further raised the CAD allocation by taking positions in the following Canadian assets: PVE-UN.TO, PGF-UN.TO, PWT-UN.TO, BVF.TO.
The YTD performance at the end of the week is +11.26% (+8.15 in CAD).
The highlight of the week was the jump of C (+12.15%) and the LEAPS calls that I have on it. I would have hoped that the rally on C would continue next week, but unfortunately it ended with a sell-off on Friday losing more than 5% for the day.
The Financials bounced upwards (MS +4.36%, C +2.94%) following the major indexes (SPY +3.16%). Shipping again ended up for the week with TBSI (+5.64%), FRO (+8.12%), and NAT +4.07%). Utilities and Resources were mixed: VALE (-2.56%), VLO (+4.34%), TCK-B.TO (-1.82%), FM.TO (+2.33%).
TNH recovered some of the losses of last wee, gaining +4.87%, and GMCR continued its climb towards the $100, closing at $92.65 (+4.72%).
The Canadian dollar continues its climb towards the parity with USD (closing and Friday at USD 0.9827), affecting so the USD side of the portfolio or the 67% of it. I expect the CAD reach parity on early summer and will continue through it before the Bank of Canada making a move. In order to hedge against this, I further raised the CAD allocation by taking positions in the following Canadian assets: PVE-UN.TO, PGF-UN.TO, PWT-UN.TO, BVF.TO.
The YTD performance at the end of the week is +11.26% (+8.15 in CAD).
Saturday, March 6, 2010
Week 9 - Preview
Great week. Markets moved upwards on good news from jobs report, with a bounce of +5.14 (CAD +2.85%).
Early on the week I took a position on BAC. The Financials bounced upwards (MS +4.36%, C +2.94%) following the major indexes (SPY +3.16%).
Shipping continued the move upward with TBSI (+9.08%) and FRO (+5.12%), while NAT having very little action, closing the week with a minor loss of -1.13%.
Utilities and Resources bounced back, trimming most of the previous losses VALE (+11.08%), VLO (+10.69%), TCK-B.TO (+8.10%), FM.TO (+4.82%).
TNH had a horrible week, recording a drop of -12.58%. This was due to the news on a hostile takeover from CF Industries on Terra Industries to which TNH is a subsidiary.
The YTD performance at the end of the week is +5.30% (+3.47 in CAD).
Early on the week I took a position on BAC. The Financials bounced upwards (MS +4.36%, C +2.94%) following the major indexes (SPY +3.16%).
Shipping continued the move upward with TBSI (+9.08%) and FRO (+5.12%), while NAT having very little action, closing the week with a minor loss of -1.13%.
Utilities and Resources bounced back, trimming most of the previous losses VALE (+11.08%), VLO (+10.69%), TCK-B.TO (+8.10%), FM.TO (+4.82%).
TNH had a horrible week, recording a drop of -12.58%. This was due to the news on a hostile takeover from CF Industries on Terra Industries to which TNH is a subsidiary.
The YTD performance at the end of the week is +5.30% (+3.47 in CAD).
Sunday, February 28, 2010
Portfolio Summary - February 2010
| Name | Price ? | Cost ? | Weight (%) ? | Gain/Loss (%) ? | Performance (%) ? |
|---|---|---|---|---|---|
| YTD Portfolio Performance | USD$ 0.16% | CAD$ 0.62% | |||
| MS call Jan 11 | $ 13.15 | $5.91 | 2.07% | 122.52% | -1.13% |
| NAT | $ 29.06 | $29.35 | 4.57% | -0.99% | -2.06% |
| TNH | $ 100.35 | $130.17 | 4.73% | -22.91% | -0.89% |
| FRO | $ 26.95 | $26.08 | 6.36% | 3.33% | -10.35% |
| MS | $ 28.18 | $26.60 | 4.43% | 5.94% | 5.23% |
| C call Jan 12 | $ 1.12 | $1.88 | 3.52% | -40.27% | 1.82% |
| TBSI | $ 5.95 | $9.38 | 2.81% | -36.56% | -1.16% |
| GMCR | $ 84.39 | $32.21 | 9.95% | 162.03% | -0.51% |
| C | $ 3.40 | $2.76 | 5.35% | 23.19% | 2.41% |
| SPY | $ 110.74 | $106.17 | 5.23% | 4.31% | 3.12% |
| SPY call Jan 2011 | $ 11.26 | $12.97 | 5.31% | -13.22% | 8.27% |
| C call Jan 11 | $ 1.36 | $1.38 | 2.14% | -1.09% | 3.03% |
| VLO | $ 17.52 | $18.73 | 2.76% | -6.46% | -4.89% |
| VALE | $ 27.86 | $31.18 | 3.07% | -10.65% | 8.03% |
| CMO | $ 12.44 | $13.75 | 1.96% | -9.53% | -6.33% |
| HTS | $ 25.97 | $27.75 | 2.04% | -6.41% | -5.18% |
| MOT | $ 6.76 | $6.51 | 4.25% | 3.76% | 9.92% |
| FM.TO | $ 82.00 | $91.50 | 1.29% | -10.38% | 5.74% |
| TCK-B.TO | $ 38.70 | $6.40 | 12.42% | 504.99% | 10.54% |
| BTE-UN.TO | $ 33.55 | $30.45 | 5.28% | 10.18% | 10.00% |
| CDZ.TO | $ 18.65 | $18.89 | 2.93% | -1.27% | 2.53% |
| CHB.TO | $ 19.51 | $20.07 | 3.07% | -2.79% | -0.46% |
| RY.TO | $ 56.81 | $55.30 | 4.47% | 2.73% | 8.66% |
Saturday, February 27, 2010
Week 8 - Preview
Moving sideways. Positions just traded sideways for the rest of the week, resulting in a slight drop (USD -1.44%, CAD -0.33%), due mainly to an oscillating USD.
Very little movement to be recorded. Shipping moved heavily up and down with TBSI dropping -12% between Tue and Wed and then gaining back to close at where it started (+0.33%), and FRO reaching +4.07% on Tue and losing all ground to close at -2.14%.
Financials also traded sideways, with the exception of MS which added +2.81% this week. However financials seem to be showing signs of a more stable upward trend. Could see them gaining some more ground in the weeks ahead.
Utilities were poor performers (VALE -3.33%, VLO -2.06%).
The YTD performance at the end of the week is +0.16% (+0.62 in CAD).
Very little movement to be recorded. Shipping moved heavily up and down with TBSI dropping -12% between Tue and Wed and then gaining back to close at where it started (+0.33%), and FRO reaching +4.07% on Tue and losing all ground to close at -2.14%.
Financials also traded sideways, with the exception of MS which added +2.81% this week. However financials seem to be showing signs of a more stable upward trend. Could see them gaining some more ground in the weeks ahead.
Utilities were poor performers (VALE -3.33%, VLO -2.06%).
The YTD performance at the end of the week is +0.16% (+0.62 in CAD).
Saturday, February 20, 2010
Week 7 - Preview
Bouncing back. 4% were added on the plus side this week (USD +3.99%, CAD +2.97%).
The portfolio continues to gain some ground. Main factors are the shipping [FRO (+5.80%), TBSI (+6.61%)] and energy [FM.TO (+6.85%), TCK-B.TO (+5.04%)] positions, as well as the US dollar gaining against most of the currencies. C (+7.02%) and VALE (+7.55%) pared some of the previous losses.
All other positions just traded sideways for the rest of the week.
The YTD performance at the end of the week is +1.609% (+0.97 in CAD). Finally in positive territory.
The portfolio continues to gain some ground. Main factors are the shipping [FRO (+5.80%), TBSI (+6.61%)] and energy [FM.TO (+6.85%), TCK-B.TO (+5.04%)] positions, as well as the US dollar gaining against most of the currencies. C (+7.02%) and VALE (+7.55%) pared some of the previous losses.
All other positions just traded sideways for the rest of the week.
The YTD performance at the end of the week is +1.609% (+0.97 in CAD). Finally in positive territory.
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