What are you buying?

[morpheiz]

I got in at $34.34... I didn't average down when it was in the 32s, but oh well... a nice pop today. Think we'll see it go even higher? Wouldn't mind selling @ $40

Hey Kaitlyn, I think I bought it on the same day. July 13? I got in at 34.54. My position was too large to average down when it went down to $32 I'd be too scared to average down anyway.. not experienced enough. Looking for other opportunities. I just put in a trailing stop loss now at 5% so at least I'll get my money back. My rule is to wait for around $40 or until mid-late Sept to sell whether it keeps going up or not (i say this now... but who knows).

Seeing how ABX recovered today, good job to whoever bought at $31.xx

[menaknow]

Going to buy some VSB for the RRSP today. Need some bond exposure which I currently DO NOT have.

[charliebrown]

Bought back into Taseko Mines (TKO); sold them in Feb for $3.65 (missed the run-up to $4)
Q2 copper production is almost 50% higher than Q1...granted, copper prices are down ~15% qoq

Pretty much getting the development projects for free...could be a nice pop if Prosperity ever gets permitted

[angelok]

I am adding to my BPO holdings. - Significant discount to NAV.

[ronthecivil]

What I WANT to buy is some natural gas producers ideally with a history of giving dividends to go long on them.

What I have recently bought is more RIM, more YLO, and some HEP. But I would file that under gambling.

[rfdrfd]

What I WANT to buy is some natural gas producers ideally with a history of giving dividends to go long on them.

What I have recently bought is more RIM, more YLO, and some HEP. But I would file that under gambling.

Please put auto stop triggers on RIM and YLO. The probability of going up is Very low. Not sure why you'd wanna buy those to go up.

HEP is okay, but you should have waited for a lower entry point.

[ronthecivil]

Please put auto stop triggers on RIM and YLO. The probability of going up is Very low. Not sure why you'd wanna buy those to go up.

HEP is okay, but you should have waited for a lower entry point.

I am buying them low because I expect that one day they will recover. If it makes you feel better they are very small positions (a couple k total) and small overall. Like I said gambling. And for example I only need YLO to go above 0.15 to profit so no biggy it's not like I bought at 5 bucks a share....

As long as it keeps tossing out dividends I don't mind aiming for EXACTLY the bottom as long as I get in while near it.

Either way what I want next is some good energy stocks oil and especially gas prices won't be this low in the long term.

[cmackie]

Anyone follow HNL horizon north logistics? They had a great report last night. I tried to buy right at the open but got greedy and chased the ask for a few minutes. Still lots of potential here as it should get on the radar of more managers.

[ronthecivil]

Hmm to get my oil and gas fix with less of the options involved in HEE taking a look at FILL.

[lazymonkeygod]

passport potash, st. elise mines, kinross, uragold...lets hope we hit the big one...

[Terrific_Deals2k8]

Spls, msft, pwt.to, su.to, hal, vlo

[ccyk]

came across this, interested in these big discount-to-NAV stocks

http://howtoinvestonline.blogspot.ca...estorline.com/
in particular, these 2:

United Corporations Ltd (UNC) discount 34%
It would be a surprise on the other hand to see this fund disappear anytime soon. In existence since 1929, this large fund with $860 million in assets looks to be conservatively managed. It has continued to pay a dividend on common shares (it also has preferred shares in its capital structure) since forever and its total return looks comparable to the mix of Canadian and world indices matching its investment portfolio. The management fees are low enough to be ETF-like at 0.46% plus another 0.1% or so service fee to E-L Financial. The fund can understandably appeal to investors who subscribe to the fund's objective to achieve long term growth in common equities worldwide.

On the hand there are some caveats. The large discount is seemingly more less permanent. Going back to at least 1996, there has been a discount of anywhere from 20% to 45%. Mechanisms that might reduce the discount such as share redemptions, retractions or buybacks are flat out ruled out by fund policy. There is no automatic wrap-up date for the fund. Another fact, a limitation to some and an advantage to others who trust their ethics and judgment, is that the fund is controlled by E-L Financial, which is in turn controlled by the Jackman family.

With respect to the discount, though it might not go away, its historic range is quite wide and an investor could well see some lessening of it, leading to stronger returns if that happens, since the 34% is in the mid to upper historic range. It would be ironic to make trading profits on a fund with a hard-fast non-speculative philosophy.

Economic Investment Trust (EVT) 32.8% discount
This fund is very much like UNC. It is very old (1927 launch), low MER (only 0.32%), forever trading at a significant discount to NAV, big ($420 million in assets) and controlled by the same family with the same long term equity appreciation investment objective. EVT's discount has also seesawed, ranging from as little as 15% in 2006 to as much as 46% in January 2001. An eyeball look suggests that the discount has been greatest in times of economic and market turmoil. The biggest difference is that EVT has no leverage at all, no debt and no preferred shares either. Perhaps another discount reversion play while collecting dividends?

[Jungle]

Bought some mcd @ 86.90.

[ronthecivil]

Bought some more BBD.B (but only 100 shares) at 3.74. House money off of dividends from my larger EFT holdings.

[Cerenity]

sold entire position in AT&T (T) last week
sold entire position in Potash (POT) last week of July

added some positions last week, in materials, energy, financials, and health care areas