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Monday, June 13, 2011

The TSX hit below the 13 000 points today June 13, 2011

Today, the TSX crash again. This is a very unfortunate event. But there’s just one thing I will like to come with: the stock market had a short term memory. I had read one of those very good articles from the Globe and Mail online, but I lost track of it. It was written by a professor of Windsor or something like it. And he was saying that the best thing for Greece will be to call for bankruptcy, that selling the state asset wouldn’t be enough. Also, the same professor was saying that the stock market has a short memory for such even. Fact is, Greece has never been an economic player. It has never been. It could seem unfair to say such thing, but I am just reporting what I had been able to catch from the article. So according to him, we are currently in the low of the lowest level, but the stock market will rebound. That’s good news isn’t? I particularly appreciate the “stock market has a short memory”. This is a precious finding that investor should aware of.

Remember: the stock market has a short memory

I experience the stock market short term memory in 2008, in the sense that my asset hit low, and than rebound. And I will probably experience the same thing now, in the sense that my asset will gain in value again in a close future. A stock market crash is never an enjoyable experience. For now, I hold, I am not selling anything. I am safe for now on my margin account, no asset had been sell without my authorization and I did not received a margin call from my “friends” at TD Waterhouse.

I am happy to say, my non-registered portfolio is as strong as I am! Currently, despite the TSX crash, some assets are performing well. My non-registered portfolio is currently at 111 511.24$. Here are my holdings who are performing well:

TMX Group Inc. (X): 44.26$, +1.05%
Dumont Nickel Inc. (DNI): 0.28$, +3.70%
Atlantic Power Corp (ATP): 15.01$, +1.49%
Rogers Sugar Inc. (RSI): 5.31$, +0.19%
Corby Distilleries Limited (CDL.A): 16.13$, +0.19%
Fortis (FTS): 31.72$, +0.22%
K-Bro Linen Inc. (KBL): 20.26$, +0.65%
Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD): 6.55$, +3.64%
Horizons BetaPro COMEX Silver Bear Plus ETF (HZD): 6.90$, +7.31%
WesternOne Equity Income Fund (WEQ.UN): 6.24$, +1.13%

Very interesting gain realize for HOD and HZD, but not enough yet for me to sell at profit. For a couple of days in a row, HOD and HZD had gain in value. Maybe tomorrow will be the day where I will be able to sell those 2 at profit. For the rest, I will hold. I don’t plan to perform any other sell – and certainly not any other purchase – at this time. I will sell in case of extreme necessity, in case my margin account gets out of control. If it happen the TSX goes lower, I may have to sell some asset or TD will do it for me... I don't think I will have the heart to sell any of my stocks just for the heck of it. So go ahead TD Waterhouse, do your thing, kill me if you want, sell if you have to sell. But than, it will be ME who will be calling YOU... LOL

For now, 2 things: looking forward to sell at profit HOD, HZD and STICK and HOLD for the rest. The stock market will recover from today crash. Remember 2008. We have one of the best exchanges of the world. The trick is not to sell in a rush under the impression that it’s all over. The stock market is not dead, it’s the beginning of new eve. Fact is, despite the desperation, some of my holding had gain today. There’s hope in the desperation. If my portfolio goes through this without a margin call, this will mean that I am the best investor on earth. Or sort of. lol...  

Lesson learn: never use too much of your margin account money or if not your broker will kill you or sort of.


High on Dividends said...

This is not a crash. It is the tiniest of corrections, which barely shows up on a 10-year graph.

Wait till the "crash" really happens, and erases 25% of your holdings value. Or the 2008 crash which erased 50%. Now that is a crash...

Sunny said...

Well, crash, correction. It might be just a "correction", but the impact is quite badly huge on my portfolio today.


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