no trade today. There is bubble in some stocks. The p/e for Amarzon is over 60 for next year earning. Considering Warmart and others all get into this space, the margin will shrink. Even earning can grow 30%/year for next three years (very unlikely given the low barrier to get in), the p/e will still be 30 after three years. Same problem with priceline.
closing value
Portfolio 1 (U$):110238 (cash, 200 INTC and 500 UNG)
Portfolio 2 (C$): 80103 (cash and 200 HSE)
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