I HAVE SOLD iSH CDN. MATERIALS

Written by tlagerway on September 5th, 2010

The sell signal was unmistakable so I sold the iSh Cdn Materials (XMA-T) holding from the portfolio at $21.01 for a 17% gain.  This leaves the i60 position as well as the sole remaining stock, Enerplus Res. (ERF.UN-T).  I just can’t make myself sell this stock while it sends me a nice dividend every month which still ads up to a yield of 9.5%.  In addition I do expect energy prices to rise during this fall and winter heating season, which should result in a sizable capital gain by spring. At $24.00 it still is a fair deal. Three years from now this could well be a $48.00 stock.  The dividends are extra.

 

Have a great week.

 

T.Lagerway

 

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