A Good Week

A good week

With the utmost humility I am quite pleased with how my picks have performed to date. On Monday Sun Gro Horticulture was the subject of a friendly takeover at 6.60, which I highlighted as a strong possibility when I recommended the story. Here is how my picks have panned out so far:

Sun Gro +50%
Westaim +21%
MB Bonds +1% (+accrued)
Imris +10%

I am fully aware that it is not normal to have all of ones securities go up, especially in a short amount of time. In my writings I mentioned how these were bound to work over a longer time period. I do not expect my next selections to perform this well off the hop, and some of these names (not the Sun Gro) could go down before I decide to sell. Actually, while purchasing these securities I kept some dry powder to buy them should they get cheaper. It worked in the case of Sun Gro, I was able to average down at $4, but the rest of them shot up. I suppose you cannot be too cute with these things. Anyways, I will certainly enjoy it while it lasts.

Going forward there will be several postings per week. There are alot of ideas that don't make the cut, either because I don't really understand what the company does (and do not have time to figure it out, since I work) or the margin of safety is not large enough. Correctly identifying that something does not work can often be just as helpful as identifying an idea that does from a personal development perspective. That being said, I will always sit on cash until another good idea comes along. You get paid for aggressively implementing a conservative approach, not through frequent activity.