Shortly after my post yesterday, I proceeded to increase my positions in BG and MGM; by 60% and 25% respectively. This returned me into trading with margin. However, I can accept such behavior, on a rebound. The margin is not much more than 10% my account.
The way I will operate from here is mostly reactionary. If this reveals itself to be no more than a correction, I will take profits and principle of that 10% and cash out shortly.
If we continue downward, then at 10% levels I will add small, incremental purchases of BG, MGM, AWK, AEC, and CLP. I am acquiring no more silver, NRP or TLP.
Although speaking of TLP, they are once again rising strongly to the $40 level. That stock, although easily my smallest owned company, by market capitalization, has been a wonder, and I intend to keep it as it pays a handsome dividend.
Pardon me if I was somewhat unresponsive the last few days. However, as I said, I was in a transition. I have almost adapted fully.
Good day to you.
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Up about 1.6% going into the close, with MGM ending strong. Interestingly enough, BG is my weakest position so far today, up only a little less than 1%.