On Monday, the S&P 500 was up 0.5% while Toronto was down 0.2%.
Boston Pizza fell 2,4% to $17.96. I added modestly to my position at $18.03. In the past two trading days six insiders have bought shares mostly at about $18.50. They would have been “blacked out” from buying from July 1 until approximately these last two trading days as generally insiders cannot buy between the end of a quarter and the time the earnings are released (and perhaps a day or two after).
AutoCanada fell 3.3% to $27.41. I would be comfortable adding to my position and may do so in the next few days.
Toll Brothers was up 2.3% to $40.75 and made another 52 week high. This was on news that the Home Builder confidence index was at a ten year high. Toll Brothers reports earnings on September 25. (correction a week today, August 25) Four years ago this company had dipped under $15 during one of those U.S. government debt ceiling crisis times. As I reported back then, I was buying around that time even though (or because) it has fallen from my June 2011 Speculative Buy rating at $21.03. In that case the sharp dip turned out to be a buying opportunity as the stock recovered above $21 in early January 2012 and never looked back. Once it got above $30 it fluctuated between about $30 and $40. Some people call that sort of thing a “trading range” but I consider that term and concept to be less than useless. I am not trying to figure out where stocks will trade but rather what they are worth which can be two different things.