August 20, 2013 Comments

On Tuesday, the S&P 500 rose 0.4% and Toronto rose 0.6%. Canadian Tire rose 2.6%, more than recovering yesterday’s decline.

Toll Brothers rose 3.1% ahead of its earnings release scheduled for tomorrow morning. Stantec was up 2.1%.

Seeing these fluctuations it often looks like one could make money by constantly placing sell orders for a portion of holdings 2% or so above market and buy orders 2% below. I imagine the academics have tested this and it is unlikely to be that easy… also it takes nerves of steel. And the selling on small rises might wipe out the chance to ever make much bigger gains.

I bought a small amount of shares of Liquor Stores N.A. today at $15.80.

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