WCI Finally Shows Weakness
As I’ve posted several times before, I’m bearish on a stock WCI.
Today it finally showed some weakness and was down over 3% on a day when the Dow and Nasdaq were up. Hopefully it’ll continue its downward trend and I can make some money on my puts. Some of the Canadian Royalty Trusts that I picked up last week were up today too. Natural Gas is back above $6/MCF which bodes well for their dividends.
Happy Friday Everyone!
If you found this post helpful, consider donating to my coffee fund!- The World's Most Successful Depression-Era Investor I subscribe to a lot of newsletters. One of them Capital & Crises by Chris Mayer had a very interesting write up on John Maynard Keynes: You probably know John Maynard Keynes as an economist, but may not know that he was also a great investor, maybe the most the......
- Monthly Passive Income Finally Breaks $3,000 Barrier! A few of my readers have emailed me asking when I'm going to post the Passive Income numbers for June. Apologies for the delay; I'm going to be starting my full-time MBA at UCLA pretty soon and I've had to look for apartments in Los Angeles so I've been pretty......
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Canadian Dollar Hits Parity With US Dollar Today the Loonie achieved parity with the US dollar for the first time in 30 years. Five years ago, 65 cents could buy you 1 Canadian Dollar. Since then the Dollar has devalued 50% against the CAD and nearly 100% against Gold. This has been partly due to a massive......
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