Anger management

Miffed might be a better word to describe my market mood these days. I have been stalking several securities and using my recently opened Spousal RRSP to buy with.

I have put in several (6 or so) limit orders to buy several of the previous mentioned securities. Only 3 have hit their target price and several more orders, which also haven't been reach, have been added.

My most recent, brk.b this morning, was set at $3340. It went to 3341 today then zoomed past $3400. Same goes for PNSN and CVI which didn't quite get that close before reversing course, but none the less left me frustrated.

I have usually put in orders for market or close to it. I have terrible luck getting limits to fill. Limits are a must in options, but i find that missing a few points on a stock versus missing it entirely is not usually worth it!

As i have been unable to give greater time and effort to search the markets, and the few companies i have found were not overly appealing, Brk.b seemed a good fit. Good mix of well run US companies, which hopefully a Ham Sandwich is capable of running someday, has greatly lagged DJIA and S&P 500 this past year.

I have often wondered what life after Buffet would look like for Brk.b? Perhaps stock piles of cash in the future could be used to pay a nice dividend? Several other of these types of companies, run by one main man, are also on my watchlist. CKI-T, GLRE, LUK, and FFH come to mind of possible substitue candidates to Brk.b.

As the market continues up i muse over a few ideas to sell puts on which i want to buy and hold, but would like it a bit cheaper. I liked Loblaws a little while back. Today TSO, CVI, CNR and perhaps HF have all tickled my fancy of late.

To be continued.

portfolio changes

Sold out of BVF 100% earlier this week.

Bought more ORS and ALDA in last few months.

Updating and changing watchlist to include: MTE, TDW, ALC, CNJ, CVI, EVI, LOJN, AG.un, and others.

Moving money into newly created TFSA and Spousal RRSP accounts at Questrade. To be completed by next week. Some of the above and a few others might be added to the new accounts rather soon, but i will keep a good amount in cash to wait for dips or better prices on these and others.

Currently reading: Nassim Taleb's updated 'fooled by randomness', and Niall Ferguson's 'the ascent of money'. On Xmas wishlist (Outliers, Superfreakonomics and Security analysis).