November 27, 2016

On Friday, the S&P 500 was up 0.4% to another record high. Meanwhile, Toronto was unchanged for the day.

TransAlta was up 17.1% and is up 32% since I mentioned on Monday evening last week that it might be a good speculative pick despite being a horribly managed company. I called this well but probably put too much focus on their poor track record. I did not buy any shares(partly because I had little Canadian cash to do so). That does not bother me much as I think it really does remain a poor company.