July 16, 2014 Comments

On Wednesday, the S&P 500 rose 0.4% and Toronto was up 1.0%.

Toll Brothers was up 2.3% as new home builder sentiment improved.

Bank of America fell 2.0% as it released earnings that wer a mixture of good and bad items. Overall it appears that Bank of America continues to improve.

Melcor was down 1.1% to $26.68. However, the trading volume was good. This stock is up a lot and so set backs are to be expected. There is always the risk of a decline, but overall I expect this stock to continue to be a good investment. If I was not already so heavily invested in it I would throw in a stink bid at say $25 as one never knows…

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