iBankCoin
Joined Jan 1, 1970
1,010 Blog Posts

Peace Out From The King

It’s been fun being the King of the PG to some extent or another. This whole “Blogging Shiz” started with a rant I made in the PG titled “Boot Stomp to the Teeth“, then started posting more and more. I was trading actively back then as well it was “good times” shall we say.

Now I’m done my tenure and sadly during most of it I have been not so committed to the market so to speak. The reality is for the last month and past few it doesn’t matter what kind of dip or news comes up, the market just keeps going UP.

It’s quite crazy really, with that in mind I’m still not 100% sure this is the real recovery or just a massive bear market rally of epic proportions.  As much as part of me does believe in the recovery, part of me says more shit must hit fans before this is totally cleared.

I did notice the “King of the PG” lost his tab and is now just a small tab under the Peanut Gallery. I see why the tab was removed but as a result the “King” now has less accessibility to the readers then the regular “Pikers” er “Peanuts” do… Maybe the “King’s” messages could be included in the Peanut Gallery just not voted on? Whatever, I”m digressing and dont’ really care that much.

One thing I will say is that this last month and a half have rekindled my love for shooting my chops to anyone that will listen through these here interwebz.  I’m going to start a blog talking about shit I like, hopefully make some PPT affiliate commissions too.

What I think about the market shouldn’t really matter. If you’re looking for advice from anyone who has “Peanut Gallery” in their title, you gotta check yourself.  That said, unless the market is steamrolling to the moon (which it appears to be) it looks like we’ll find a new range soon. Once that ~range is identified I’ll be more inclined to start buying, near the bottom of course!


TransCanada Corp (TRP)

I bought a starter position in this @ $32.34 on the TSX yesterday. It’s a long term defensive play so to speak with a nice dividend. I wrote a post about the “Dividend Aristocrat” but have been busy this month, it’s summer and I’m having the time of my life.  I wish to park  the % of my net worth I use for investments of this nature  in places that are safe. You can go to the casinos all you want, I’m not trying to get it, I’m trying to grow it.

Peace out and go eat a Whopper.

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9 comments

  1. Ronald McDonald

    I vehemently disagree with your final statement

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  2. Yogi & Boo Boo

    Nice run Dubz.

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  3. The Equalizer

    Well-played, King Dubz. Thanks for a month of consistently solid writing and good commentary.

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  4. Mushroomz

    peace out nukka!

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  5. Indie

    always appreciate your help and commentary dubz. keep it up!

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  6. The Fly

    Great job Dubz.

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  7. DPeezy

    Nicely done, King Dubz. See you back amongst the plebs.

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  8. RL

    Great commentary……..HNU licks balls – be careful!

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  9. dubz

    Thanks everyone, it’s been fun.

    On that note: ~5 minutes before the close today I rebought SU @ $33.50 (TSX) ~1/4 position, starter in PRGN @ $3.89, starter in WNR @ $6.09 & rebought part of my position in TKO.TO (TGB) @ $2.63 that I sold on a rip.

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