About Davis + Henderson Corporation (DH) Trading Halted Status – Part 2

Friday March 25, 2011 seem to be like any normal trading day for David + Henderson Corporation (DH). But just the day before, on March 24, 2011, a trading halted had been apply to Davis + Henderson Corporation (DH). The trade halted had been applied BEFORE DH publicly announced its acquisition of Mortgagebot LLC for US $231.8 million. On March 24, 2011, Davis + Henderson was halted at 12:22 p.m. PT. DH made its public announcement shortly after. The halt trading had been resumed in the early morning of March 25, just on time for the opening of the stock market.

Personally, I don’t think it was a really good idea to proceed this way. On the day of March 25, 2011, DH reached one of its lowest points since a long time: 19.90$. During the day, there’s been a mini-crash in DH value and it’s been caused by the halt trade event, not the announcement of DH latest acquisition. Reason why I am saying so is that if investors would had reacted really badly following DH acquisition, DH had closed the day of March 24 at 19.90$ or even lower. But DH closed the day of March 24 at 20.26$. Not too bad. In those days, investors seem to be quite sensible to any type of uncertainties. Adding one of the types of a halt trade on top of everything else (situation in Japan, etc etc etc) was a bad decision made by maybe (?) DH, but probably DH.

I know the following has nothing to do with DH, but I will like to talk here about another company I hold, Exchange Income Corporation (EIF). On March 9, 2011, Exchange Income Corporation (EIF) announced they had acquired Westower Communications for $79 million. Following what, Exchange Income Corporation (EIF) declared they had entered into a new $235 million long-term debt facility. No halt trade had been made before or after the announcement made Exchange Income Corporation (EIF). The reaction of investors could have been very bad. Imagine, the company is getting more than 200 million into debt! I don’t know anything about finance. One event is totally stranger of another event. Nothing can compare, everything is different. Well, following Exchange Income Corporation (EIF) announcement of its Westower Communications acquisition, EIF title gain in value! In other words: when it come to finance, small investors like myself can’t never know what’s going to happen. Don’t even try!

I went through one of the most difficult week of my life following Japan tsunami disaster. Why? Because I taught I was going to live again the same events of 2008: another market crash! The market didn’t get destabilize following the Japan tsunami, but I got. Japan is the world third largest economy. How come the Canadian stock market didn’t crash following the Japan tsunami? It’s something I will never understand. Following the most difficult week of my life, I learn that what investors are really into are US statistics. If US loss jobs or have a high unemployed rate than yes, the Canadian stock market might crash. But only at the condition of such event. My reactions are not the ones of the investors mass and it make me think that yeah, I am nothing more than a small investors and yeah, I barely understand what I got myself involve in. Investing in period of uncertainty can be a real nightmare. But it doesn’t mean I am calling it quit. My investments are gaining in value, I still earn money. And during that time, Japan is doing through a very hard time. Any of this really makes sense. I am not supposed to make gain while a disaster is happening. But it’s happening. So I told myself that, for a while, I won’t even care, I won’t try to understand the nonsense.

Several analysts had ranked DH as a HOLD. If the next financial results of DH are good, DH could possibly gain in value. How long would it take before DH hit its old 22.35$ (highest of the past 52 weeks)? We’ll have to wait to find out.

Thanks readers, another 100$ online money payout for March

The month of February got skip, but March is in. Another 100$ payout. Thank you readers.

Bye Bye Tories! Hello NPD?

Finally, what I was secretly hoping for since Stephen Harper closed the Parliament had happen: Tories government had been quick out of the place! Ok, well, I wasn’t totally again Stephen Harper, I have to say. Part of me admires his courage and determination for Canada to remain a united nation despite Quebec hostility. That had been a really tough job to handle. Quebec province is a hypocrite nation requesting too much attention from the federal. Stephen Harper had been a great Prime Minister, he can be proud of his realization and leave in peace. Stephen Harper matches the talent of Liberal Jean Chrétien. But I really dislike Stephen Harper for having established Quebec a distinct nation inside a united nation. Quebec has nothing to do with Canada and Quebec is not distinct of any other Canadian provinces. That being said, I know Jean Chrétien is a Quebecker. It doesn’t remove anything from my admiration. Ok, you’ll say: the sponsorship scandal. Well, as a Prime Minister, no one can really have its eyes on absolutely everything. It’s impossible. Tories had been a shame for honest Canadian citizens. So did Liberal. No political parties can be absolutely perfect. Take NPD for example. Jack Layton sympathizes too much with Quebeckers. But this being said, I will probably vote NPD at the next federal election in May 2011. It’s now turn for Jack Layton to shine, for different reasons. In a certain way, fact that Jack Layton sympathize with Quebeckers will make easier for Quebec to finally separate from Canada. In a way.

About Davis + Henderson Corporation (DH) Trading Halted Status

I had been investing in Davis + Henderson Corporation (DH) since 2009. I had first purchased my units (back in the time Davis + Henderson Corporation (DH) was an income trust company) while working as a teller at BMO Bank of Montreal. A couple of weeks following my investment in DH, I got fired from BMO Bank of Montreal. Staff of the Montreal call center was fabulously stupid. I had to deal with a concentrate of super dumb Quebeckers while working at BMO Bank of Montreal. God did what needed to help me. While working at BMO, David + Henderson caught my eyes. BMO Bank of Montreal order cheques for its customers through that company. Davis + Henderson Corporation (DH) is an interesting company in the field of financial sector. They had been around since the late 1800s. DH extends their business in the past with the acquisition of Resolve, among other. Resolve is a company that deal with insurance claims.

Anyhow, all this to say that Davis + Henderson Corporation (DH) is a good reliable company and I had been a DH investor since 2009. DH is a company that I know well, and that being for a couple of years now. Something happen to DH today! DH got frozen at the end of the stock market day! While trying to consult in real-time the value of Davis + Henderson Corporation (DH), the following message appeared: “Status: Trading Halted on this security”. According to TD Waterhouse: “A trading halt is a temporary suspension of trading in a particular security on the exchange”. But why this happen to my Davis + Henderson Corporation (DH) darling?

Today, Davis + Henderson Corporation (DH) made a fantastic announcement: they had acquired Mortgagebot LLC, America's Leading Web-Based Mortgage Technology Provider for US $231.8 Million. This is a very good acquisition made by DH. It will bring more diversification inside their market. That’s being my point of view on the acquisition. From what I saw in the past with DH, they seemed to be very well managed. I only have good words for DH. I guess DH got froze because the company might want to evaporate all risk off loses in the title or they don’t want investors to benefit from extraordinary super quick gains. Imagine: the brilliant me, ex-employee of BMO Bank of Montreal hold more than 300 stocks of DH! Genius. Absolutely genius!!!! (But that will have to be confirm of course. Will DH value rise or decrease, that's what we'll find out - maybe tomorrow!!!).

I find out about DH trading halted in the late afternoon while monitoring Davis + Henderson Corporation (DH). I had set-up a sell order for 100 stocks at 22$. But now that I understand what’s going on, I am just going to completely cancel my sell order because I want to find out what’s going to happen next for DH. Those are very exciting time for Davis + Henderson Corporation (DH)!

Today was an exciting day for Davis + Henderson Corporation (DH), but today was a glorious day for Sprott Inc. (SII). Seem like investors like the explosive profit realize by Sprott Inc. (SII). And so do I. In result, with the money left available by my sell of HZU, I decided to invest in 500 more stocks of Sprott Inc. (SII). At this time, SII is very strong from its financial achievement. The Sprott Canadian Equity Fund is doing super great, as well as other Sprott mutual funds, not to talk about my fabulous PHS.U. I think Sprott Inc. (SII) will continue this way for a little while and this morning when I wake up (late again, but still, I was able to wake up), the first thing I have in mind was Sprott Inc. (SII). More Sprott Inc. (SII) please! And there I went, purchasing my 500 stocks at the highest point of the day. SII represents a good opportunity. Following my new investment in Sprott Inc. (SII), I will touch 175$ in dividend extra special dividend money. I am not in stress about the after dividend period because I really think I will be able to sell at profit. And if not, I will do what I do best, I will simply hold. And pray God. As always :0)

Welcome again Sprott Inc. (SII), 500 new stocks of SII in my portfolio, the party continue

Welcome again Sprott! I invest in 500 stocks of Sprott Inc. (SII) at 9.93$, seem to me I am back in 2008 now... (at the time, I invest in 500 stocks at close to 10$, just like for now). I am sooo happy about the second special dividend. If you invest today, your closing date will be March 29. Which mean that I am good for March 31. Count 3 business days following the trading day and there you go you're in business for closing day of March 31 as requested by Sprott to be eligible for its special dividend. And this being said, its the SECOND one...

New Flyer Industries Inc. (NFI.UN): an investment for the long run

On March 22, 2011, New Flyer Industries Inc. (NFI.UN) released its Q4 results. The results were of -10% compare to last year. This disappointed investors and lead to a massive 12% (or close) lost in NFI.UN trading value. In my case, we are taking of around 250$ lost in NFI.UN this week alone.

To sell or not to sell New Flyer Industries Inc. (NFI.UN)? That’s the question I have in mind. I don’t understand the panic as were only taking about a 10% off.

NFI.UN orders from the US hasn’t been like expected and 2011 had been announced as being challenging one for New Flyer Industries Inc. (NFI.UN). Good, because I like challenge! I read quite a bit about NFI.UN. The investors who didn’t like NFI.UN sell, and the ones, like myself who don’t mind about a 10% loss stick and hold to NFI.UN. That’s what happens this week. One of my reader and expert investor actually told me it was a good time to buy NFI.UN.

So far, no announcement had been made regarding NFI.UN dividend. New Flyer Industries Inc. (NFI.UN) is a leader in its field. The company is located in Winnipeg (got to love the wild Canadian West) and builds beautiful bus for public transportation. It’s not an easy sector, but NFI.UN worth the hold. It’s a good company and deserved to be hold in what Gordon Pape would probably name “in time of uncertainty”.

I taught about selling, but NFI.UN brings in a nice diversification inside my portfolio. With what I hold in New Flyer Industries Inc. (NFI.UN) and Student Transportation (STB), I can say I am now an expert in public transportation stocks. Will my loyalty in New Flyer Industries Inc. (NFI.UN) pay off? That’s what we’ll find out in the upcoming months. Never sell a quality challenging stock in period of uncertainty! New Flyer Industries Inc. (NFI.UN) deserved to be HOLD.

Sprott Inc. (SII) doing it again: Sprott declared a second special dividend

Back in 2008, Sprott Inc. (SII) was my very first stock investment. I was very excited about it (it was my first stock purchase!) and back in the time, I didn’t know how to place my stock purchase. I was completely illiterate, even worst than now lol. Anyhow, I didn’t want to wait. I place the order through a broker. The commission fee? Something like 70$. Way too expensive, but at least, it was there! My first stock investment, 500 stocks of Sprott Inc. (SII) at somewhere close to 10$ per stock, 5 000$ value, it was there in my broker account! I had been holding Sprott Inc. (SII) ever since.

When it comes to Sprott Inc. (SII), I saw it all. I saw my stock value going as low as 4$, if not even lower but it’s not something that I really want to think about now. Imagine: my first stock investment... and it was going to be a flop? NO WAY! Investing in Sprott Inc. (SII) had been one of the best decision ever because it make me learn about the famous PHS.U, Sprott Canadian Equity Fund and hooooooo Timminco (TIM). I never had any doubt about Sprott Inc. (SII). Any investor experts could tell me I was going to make a mistake while investing in Sprott Inc. (SII), Sprott Canadian Equity Fund, PHS.U that I wouldn’t even believe. I would have laugh after them. It turn out I was pretty right actually, at the exception of Timminco (TIM). I loss 4 000$ by being blind to stick to a stock being promote by Eric Sprott. I was blind to dead. This wasn’t supposed to happen, Timminco (TIM) was a Eric Sprott pick after all. I learn the hard way that even financial guru can have their flop. Timminco (TIM) was Eric Sprott investment flop. Not mine. :0))))

Back in 2008, it was the glory days of Sprott Asset Management. The hedge fund of Jean-François Tardif was performing well, the Sprott Canadian Equity Fund was at its highest ever... I was confident that Sprott was able to bring in what I wanted: huge, very very huge profit. But than, the stock market crash, right after I had invested 5 000$ in the Sprott Canadian Equity Fund, right after I had invested 5 000$ in Sprott Inc. (SII) and also, right after I invested 2 000$ in Timminco (TIM). Following the stock crash, I took the decision to invest 2 000$ more in the Sprott Canadian Equity Fund and 2 000$ more in Timminco (TIM). My only regret is the 4 000$ that I lost in Timminco (TIM). Following what, I made myself the promise that I will stop investing if I would have to lost that much money ever again. My experience in Timminco was one in a lifetime. If something like it ever happen again to me, I promise to call it quit. Ever again will you read anything on this blog!

Strangely, since that time, I recover from my lost because other investments had performed very well. Those include Sprott Inc. (SII) and the Sprott Canadian Equity Fund, not to mention Sprott Physical Silver Trust UTS (PHS.U) and Jean-François Tardif top pick Premium Brands Holdings Corporation (PBH), an investment I still hold today and that been performing very well.

This being said, Sprott Inc. (SII) had declared today a SECOND special dividend. Like if a one time 60 cents special dividend wasn’t enough for Sprott Inc. (SII)! This time, the special dividend is of 12 cents per unit. But wait, that’s not all! Please include to that amount the regular quarterly dividend of 3 cents, for a total of 15 cent per stock. This is very good, especially knowing that Sprott Inc. (SII) had paid, not too long ago, a 60 cents special dividend.

How do you think it make me feel to get this kind of return on my ever first stock investment? I simply cannot believe it. Get ready for the special Sprott dividend - part 2! 3 business days before the 31 of March please or something like it in order to get your Sprott fresh new cash. I will get mine, will you get yours?

The silver of Eric Sprott trading like gold: Sprott Physical Silver Trust UTS (PHS.U)

I wake up late today (again!) and I was only able to take a look at the stock market on my way to work. I was shocked to see a TMX burning the old 14 000 points, but I was more shocked, completely amazed to realize that my Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) was exceeding the 34$ per unit! WOW! When I saw Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) running somewhere to 34.20$, I place my sell order and was able to sell immediately my 150 units at 34.24$!!! With the stress of the past days, I taught I was never going to sell HZU at profit. The past days, I saw HZU going as low as 29$ per unit... I didn’t want to miss my chance to decrease the amount due on my margin account, this was my time... the timing was perfect; I was going to make it after all and YES I DID IT. I sell HZU at 34.24$ per unit, making a profit of 98.50$ after sell and purchase commission (this is for you Frank). This amount is perfect as its covering the interest of 90.88$ own on my margin account. Absolutely perfect. This is exactly what I wanted. Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) closed the day at 35.04$. I could had made more money out of my sell of course, but there’s no way I could know that HZU was going to close at 35.04$. No regret, just a lot of fun and exciting trading time. This is getting real interesting.

Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) or Sprott Physical Silver Trust UTS (PHS.U)?

I am feeling much more better now. BREATHE... The amount due on my margin had decreased. That 5k investment of mine in Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) was not even paying a dime in dividend anyway. Better to get rid of it! HZU is an ultra complex holding! Really not for an investor like myself. Hell no.

If you ask me to choose between Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) and Sprott Physical Silver Trust UTS (PHS.U), I will pick Sprott Physical Silver Trust UTS (PHS.U). HZU is much more volatile, very sensible to the outside aspect of trading. Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) is far of being one of my favourite. It caused me a lot of stress among the way.

Sprott Physical Silver Trust UTS (PHS.U) is much more stable and reliable. I had been actively trading PHS.U since November 2010 and I am a huge fan of the Sprott Silver. The only thing I dislike about the Sprott Physical Silver Trust UTS (PHS.U) is that it’s difficult to trade it in a Canadian currency account. But... WOW. PHS.U has it all! PHS.U is certainly my favourite silver holding of all time! Big money can be made of the PHS.U. The proof being that the little investor that I made big bucks out of PHS.U. Despite its currency problem, it’s possible to make HUGE amount of money out of the PHS.U and I am going to tell you how, simply and easy.

So here it is, the Dividend Girl way to make huge profit out of the Sprott Physical Silver Trust UTS (PHS.U). Here’s the story behind. TD Waterhouse rep can be very helpful when you become angry and hateful after them. Remember this post? At the time, I was back home in New Brunswick for my uncle funeral. As always, I was closely watching the Sprott Physical Silver Trust UTS (PHS.U) as always and, as always, the PHS.U was running in fire, exceeding my wildest expectations. That was huge! I calculate I was good for a 300$+ profit, but the 300$ profit turn into something like 40$ after currency conversion. I will never understand this. PHS.U is a TMX ticket symbol. Sprott Physical Silver Trust UTS (PHS.U) trades on the TMX BUT trade in US currency. Why? God why? Anyhow, on that time, something happen that I wasn’t use to, the currency eat major part of my profit! I got ripped off by TD Waterhouse! AGAIN! ME? Being ripped off? NO WAY...

I got that incident in mind and a couple of days ago, I got upset to a point I needed to speak to someone and well, having no one to really talk to about my investment, I call TD Waterhouse. The one and only TD Waterhouse. As always, I went on the English line but got a lingual rep. I wasn’t lucky, but at least, I was able to speak my mind. And tell, I explain what happen, that usually, the currency was of far less than 4% and something. Sometime .2%, etc... What went wrong on that day? Why was it 4%? And there, in the moment, I told the guy: TD cheat on me! (I know, that was mean of me but...) Than, the rep explain it was because of the currency, that it was a value that was changing all the time etc... I know that of course, but still... 4%&?%!!!!!!! NO SENSE! HELPPPPPPPPPPP :0)

Following his explanation, I ask him how can I get rid of that currency thing? Could you please transfer my PHS.U units into the US account? PLEASE. Well, the answer was a big NO. Why? The following is very important and is the key to make HUGE profit out of the PHS.U.

Remember 4 words: TFSA, RRSP, PHS.U and WASH. According to the TD Waterhouse rep, I didn’t need to get my units of PHS.U inside the US account, because I was holding them in my TFSA. A register account, TFSA or RRSP is magic when it comes to trade PHS.U in a Canadian account.

I didn’t sell my PHS.U units hold inside the TFSA account and I don’t plan to do anytime soon. But in case of an emergency, I will sell PHS.U and now, because of that WASH thing, I know how to avoid the currency thing related to the PHS.U.

Simple and easy: whenever a profit can be made. Sell. In the evening following the sell (it can be made after 4pm according the TD rep), call in TD Waterhouse and ask for a WASH for the TFSA and, from what I understand, the profit made won’t suffer of a currency thing. Which mean that if you make a profit of 300$ while selling the PHS.U, you will have a 300$ profit at the end of the day. But at the only condition to request a WASH. A WASH can only be made inside a TFSA or RRSP account. Pretty easy to remember too. WASH like wash your dirty apartment, WASH yourself, WASH your dirty clothes lol.... But of course, you understand this is my own interpretation of some stuff that I barely understand: get a confirmation of a broker first BEFORE actually going on with washing.

That’s how I learn, in a moment of complete desperation, how to make money out of the PHS.U without having to worry about the currency. And I have, of course, to thanks TD Waterhouse for that. Genius. I still hold PHS.U in my TFSA on date of today.

I sell HZU at 34.24$

And made a profit of 98.50$ after commission. The money will remain on the margin. I have enough stress and NFI.UN took a plunge. We'll talk about it later.

My portfolio is performing well and I am exhausted

My non registered portfolio is now at 110k+... which mean I certainly might be somewhere or close to or, why not, maybe I am exceeding the 155k in assets right now. No matter how much I own now, it’s just WOW. I usually post an update of my portfolio when I make great gains but lately, I am completely drained. The past week really exhausted me because I had been working like normal in an abnormal situation while trying to get my view on everything. The situation in Japan and Libya caused me a severe stress. I had been trying to understand what exactly is going on and I try to predict the effect on my portfolio. I had been doing so for absolutely nothing at all, as the TMX gains points and seem to be stable. At least for now. But this being said, the situation could change quickly. I decided for now to take it easier and not to focus that much on what’s going on. It’s not that I don’t care, but if I don’t detach myself, I won’t be able to go through another week like the one I pass last week. Because in a way or another, I don’t plan to sell any of my investment anyway, if not just HZU and a few other one just to decrease my margin. The gains realize in my portfolio had been very good. But the question being: will the gains remain? I am confident that I may be able to make my profit out of the HZU very soon. For now, my portfolio had gained in value and the asset remains stable.