Sold tsx (x)---had a good gain and they are making too much money and attracting too much competition. Meant to sell it after it broke a trend line after the last earnings but didn't get around to it and lost some of my gain.
Busy week - trying to upgrade the yield on my trust holdings while retaining quality. Interesting balancing act.
Sold: OGF.un, Brompton Equal weight. Bot this to hold my position in energy after doing some tax loss selling. Sold to raise cash for buys I wanted to make. CJT.un, Cargojet. Good company, has given me a nice CG, but I held it in my margin account where I need higher yields to offset the margin interest. RYL.un, Royal Host. Sold for same reason as CJT. I still like it. BTF.un, Brompton Tracker fund. I'm not a great fan of funds, bought this at the same time as OGF.un and for the same reason. Sold to raise cash for more interesting plays. ICE.un, Versacold. Sorry to see this one taken out. I've held it forever. Seems unlikely to attract a higher bid so I redeployed the cash. HNT.un, Huntingdon REIT. Read the annual report. Sold next morning. SSI.un, Sterling Shoes. Still like this a lot. Sold half of a fairly large (for me) position. Yield is low at this price. Would buy back on any pullback.
Bot: HTE.un, Harvest. Their venture into refining was timely, added to small position. TUI.un, True Energy. Swore I would never buy this again after taking a beating on it when it decided to go corporate. But the distribution seems safer now and the yield is good, so I'll try again. PDM.un, PDM. Sold this in December for tax loss. Have always liked it. Finally buying it back. FMO.un, Formost. Anytime they put this fine trust on sale at $15, I'm a buyer. Have held it forever. Big CG on paper. SWS.un, Swiss Water. Looks like they're solving their problems. Bought a small quantity. BR.un, Big Rock. Yield barely meets my minimum criteria but I've always liked it. Safe, steady producer. ATS.un, ATS Andlauer. Doubled my position. Like it better all the time. WEQ.un (V), Western One Equity. Looked at it after someone on this board mentioned it. Intersting small industrial trust with potential for growth. Took small spec position.
The sun is shining, the market's up - what's not to like? Have a good weekend and Happy Father's Day to all us Dads. Hal
RIG.un – added a small bit when a lowball order filled at 6.07.
OGF.un – reduced slightly to raise cash. I’m not very fond of funds-of-trusts anyway.
RBO.un – sold my small position to lock-in profit after reading something that created doubts in my mind about this.
SEF.un – sold my small trading position after the disappointing NAV news.
SHN.un – sold half of small position as the price rose Thursday. Should’ve waited longer, as it turned out.
WLL.un – sold most of what I had left after the announcement that the exclusive agreement ended. So far this looks like an OK decision but I guess it’s far too early to judge, really.
Closed naked call options on SUNW Sun Microsystems, at a good % profit but on a tiny experimental position so very few dollars gained. Also, four sets of naked put options expired today at a nice overall profit.
I don’t feel my trusts are performing especially well lately and its making me wonder a little. Partly that’s why I sold more than I bought, although I didn’t actually do much of either this week.