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Tuesday, June 21, 2011

The TSX is now exceeding the 13 000 points, but for how long?

For today, the TSX is exceeding the 13k+ points. But the question being: will it last? The stock market had stressed me more than usual. It’s not something that I cannot handle, but my margin account situation had preoccupied me. But I am now back on track. It’s really important for me not to fall behind the 20k on margin account money. And now I am even exceeding the 21k, which is better.

Here’s yesterday data for Monday June 20th, 2011:

Portion of the margin account that been used: 39 809.44$
Non-registered portfolio value: 110 290$
Money left available of the margin account: 21 262.80$

Currently, my non-registered investment portfolio is at 111 828$, a gain of 1 538$ compare to yesterday. As I said one time before, my portfolio follows the Toronto stock market. When the market is up, I am up too, when the market crash, I crash too...

Many things on the way. I learn from a reader that Atlantic Power Corp (ATP) is looking forward to acquire another of my holding, Capital Power Income L.P. (CPA.UN). Interesting! Also, read this post forum about Dumont Nickel Inc. (DNI), you’ll see, it’s pretty interesting too. First Majestic Silver Corp (FR) is on its way to become a blockbuster stock, we are going to chat about it later. And also, I am soon going to vote in favor of the London Stock Exchange Group merger of equals. It’s going to be an historical vote and guess what, I will be part of it! YEAH! We’ll also discuss about the reasons why I am in favor of the merger of equal project also later. Many stuff on the way. Be ready, because I am :0)


pattirose said...

I'm seriously thinking of buying some FR, it's one of the few that hasn't crashed and burned.

Sunny said...

Hi Pattirose,

Fact is, FR is actually very good and I find some good info about it. I am going to post about that tomorrow.

ATP is also doing well at this time.

Anonymous said...

I hope you don't get to sell HZD at a profit, because that more than likely means that the market is taking a beating and will hurt the rest of your portfolio more than the last correction. If you think that's coming, you better put your margin account in order.

Sunny said...

I am not sure of anything. The market is up for a second day in a row, we are exceeding the 13 000 points. For now, everything seem going fine. The question being: for how long? If Greece miss a payment, we'll lose points. When it happen, my HZD may go up.

I did my best for my margin. I cannot do more at this time.


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