Investing

What did you buy? What might you buy??

  • Last Updated:
  • May 22nd, 2018 4:33 pm
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Deal Expert
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Sep 19, 2004
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Waterloo
MrMom wrote:
Sep 1st, 2017 12:48 pm
Sold TECK.b @ $31.61. HG and other metals have had a nice run up.

Bought at $28.36: what-did-you-buy-what-might-you-buy-136 ... #p28111518

Think there's room to go higher on copper demand. Would rather have the money in hand than have headline risk.

Will revisit after the long weekend.
Good timing, TECK is -7% today :)
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Jun 27, 2007
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S&P failed to put new high. Lower high implies lower prices ahead... bonds, yen and gold catching a bid.
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!
Deal Addict
Aug 17, 2008
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Thanks @jerryhung . Now we wait to see if it can get back up to $29.42 or if it'll find support at the $27.48 area, https://invst.ly/50mnn

Good volume today. A couple of 500k blocks traded at $29.39.
Deal Addict
Aug 17, 2008
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Thanks @charliebrown. I was looking for any news initially, but with FCX and metals dropping, I just assumed the TECK.b price drop was more broad market related. It looks like the sale went through the NYSE based on their greater volumes.

Updated Sept 8: https://www.bloomberg.com/news/articles ... -its-stake

"The secondary sale was done through JPMorgan Chase & Co. with a pricing range of $23.75 to $24 a share -- or roughly $1 billion for 42 million shares."
Last edited by MrMom on Sep 5th, 2017 1:39 pm, edited 1 time in total.
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May 11, 2014
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Iqaluit, NT
Added to Manulife (TSX:MFC)
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Jun 3, 2009
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xgbsSS wrote:
Sep 6th, 2017 12:26 pm
Added to Manulife (TSX:MFC)
Is it being dragged down because Hancock does business in southern states like Texas and Florida?
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cn_habs wrote:
Sep 7th, 2017 1:46 am
Is it being dragged down because Hancock does business in southern states like Texas and Florida?
Honest truth, I think that it has been down of late due to general market malaise. You can see almost the same tandem movements of stock price with Sunlife, and Sunlife has no property insurance operations in the US, although some of their accident and disability could be affected. That being said, Hurricane Harvey probably had an influence on insurance companies in general.

I think Manulife will be a general good bet longer term if they can either spinoff John Hancock or alter their US strategy, They did overpay for John Hancock back in the day, and they made a bad bet on long term care insurance in the US, but either spinning off the unit or the general wind down of the business should help. The general increase in interest rates will help and their Asian business is burgeoning.
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Jun 27, 2007
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cn_habs wrote:
Sep 7th, 2017 1:46 am
Is it being dragged down because Hancock does business in southern states like Texas and Florida?
yes, all insurance cos dropped hard after Harvey. I am considering TRV and maybe ALL
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!
Deal Fanatic
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Oct 9, 2008
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Thornhill
$1350USD spot price on gold right now and USD/CAD very favourable...

I plan on going to visit my jeweler today to sell some gold.
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Jun 28, 2016
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dlhunter wrote:
Sep 7th, 2017 10:08 am
yes, all insurance cos dropped hard after Harvey. I am considering TRV and maybe ALL
You should probably wait until Irma's through with Florida.
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Jul 22, 2004
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ETOBICOKE
Wavelet wrote:
Sep 7th, 2017 11:32 am
You should probably wait until Irma's through with Florida.
and the next one that is following Irma
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US Financials (and no insurers, even BRK) are as ugly as Canadian ones

Bought BAC today $22.9, AT&T at $36

May buy BRK.B soon
Last edited by jerryhung on Sep 7th, 2017 11:53 am, edited 1 time in total.
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