Some reviews of Preferred Shares recommended on July 30th (16 trading days), including intra-(52) week highs:
BMO.PR.L $24.95 - $25.18 (+ $0.36 ex dividend)
RY.PR.D $19.68 - $21.31 (week high $21.89)
RY.PR.X $27.68 – $27.67
SLF.PR.A $19.00 – $21.60 (week high $21.86)
SLF.PR.B $19.25 - $21.56 (week high $21.94)
Some Trades I made this past week:
Sold TLM @ $17.37 (cost $16.93) holding period between 17 and 10 trading days
Sold CNQ @ $65.24 (cost $64.28) holding period 10 and 4 trading days
Bought NXY @ $22.16 Sold it @ $23.25 holding period 4 trading days
(All 3 trades in M-in-Law’s RSP account)
Bought more shares of NXY @ $22.20 in my Cash Account (average cost = $22.11)
Assuming a positive week on the market, I’ll continue to recommend accumulating on weakness:
CNQ, TCK.B, POT, AGU, MFC, & SLF.
Canadian banks are beginning to report this week. Should make for interesting watching. The Banks ran up a lot of recent times where the price to earnings valuations are quite lofty and don’t appear to have much mid-term upside. However, some short term momentum trades might prove fruitful. Stay cautious for any late summer declines. Have a good week, Warren.
0 comments:
Post a Comment