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Wednesday, May 11, 2011

I sell part of my Davis + Henderson Corporation (DH) stocks

Too much of the same thing is not a good thing, especially for monopoly money fan like myself. I sell 100 stocks of Davis + Henderson Corporation (DH) today at 20$+ because those were stocks that been purchased using margin money. I still hold some DH stocks inside my portfolio.

I wanted to sell some stocks of Premium Brands Holdings Corporation (PBH) as well, but currently, PBH is performing extremely well and finally, I have up about selling even one stock of PBH. I am currently at 36 000$ on my margin account, for a 110k investment portfolio value. I used 5 000$ to pay off my credit line and currently, 31 000$ for investment purposes. At this point, my margin usage is reasonable and I feel better this way. And no, I won’t sell Premium Brands Holdings Corporation (PBH) now. Premium Brands Holdings Corporation (PBH) is on its way to reach a permanent 17$ per stock. I want to be in when it’s going to happen.

I am not looking to sell Premium Brands Holdings Corporation (PBH), but I would certainly like to sell, at profit of course, my stocks hold of TMX Group Inc. (X). This investment represents more than 4 000$ by its own. One sell, the part of my margin account on use will only be of 32 000$. Nice. I am not on a rush to sell TMX Group Inc. (X). And when I am going to sell, it’s going to be at profit.

This being said, my precious Sprott silver hold in Sprott Physical Silver Trust UTS (PHS.U) and Sprott Physical Silver Trust ET (PSLV) is doing down again. FR went down as well. When it comes to PHS.U and PSLV, those 2 are investments made for the long run. When it come to First Majectic Silver Corp (FR), it was different, I wanted a quick buy and sell... and a profit but it doesn’t went the way wanted for that one. However, First Majectic Silver Corp (FR) will eventually go up again and when it does, I will be in.

1 comment:

High on Dividends said...

Sell all silver as fast as you can. Period!

Just my humble opinion, as silver is too high relative to gold, and about to tank for the next decade. This will be followed by a gold crash by summer or fall.

It will be interesting if my prediction pans out.

I know you do not always like my opinion, but let,s get real. SIlver is a very highly, no, extremely highly speculative play.


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