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).

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