May 5, 2014 Comments

On Monday the S&P 500 was up 0.2% and Toronto was down 0.5%

Melcor was up 3.4% to $24.05. But we REALLY need to remember that this is VERY thinly traded. Just a few people keen to buy or sell can really push the price around. I believe they will issue earnings shortly, possibly at the end of this week. And they will likely announce the dividend as well. Last year there was a special dividend but that is less likely this year.

Melcor is my largest position and for that reason I could start to trim my position anytime. But if don’t particularly want to do that and may just let things ride and see what happens with the Q1 report.