Loading ...Economics:
The Bank of Canada surprised everyone by doing nothing when the consensus view was that they would drop rates by 0.25%. I find it especially surprising since inflation is still well contained and the most recent GDP growth was negative. Most other central bankers would have dropped rates (other than the European Central Bank […]
Stock portfolio change
I sold my Toll Brothers (N-TOL; homebuilder) $30 puts for $10.20 (purchase price was $9.70 for a 5% return) and replaced them with Toll Brother $22.50 puts for $3.00. Selling the more expensive puts allowed me to take $7.20 of cash out of the market so instead of risking $10.20, my risk […]
Background:
Destiny Resource Services (T-DSC) provides services (such as seismic surveying, mapping and line clearing) to the oil and gas sector. The majority of its business is in Canada but it is expanding in the US. Business is highly dependent upon the price of natural gas and the amount of exploration for gas. Business is […]
This blog is in response to a reader query about the basics of trading currencies.
All my experience in trading currency has been through the corporation that I work for. The corporation I work for books millions of dollars of currency transactions a day through spot transactions (normal settlement) and forwards (future settlement). As an individual […]
Stock update:
Toll Brothers Inc. (N-TOL) released its second quarter results and there were no real surprises as the company lost money for the third straight quarter. Earnings per share was negative $0.59 bringing the six month EPS to $-1.20. Earnings were so weak that the company reported an operating loss (revenues minus cost of […]
Economics:
The US ISM (a manufacturing index) in May showed some slight improvement, but still showed the sector was contracting with a reading of 49.6 up from 48.6…any reading less than 50 indicates contraction. Not surprising, the employment sector had another weak reading of 45.5 and the prices paid component hit an 87% which is […]
