Canadian Politics Today

Even an old man gets lucky sometimes.

At least that’s what I told my staff at lunch today.

I thought: hey, I have never bought a company on the first day so lets check out the TFSA account to see if I have any money to squander?

Log in and quickly realize there is a little more cash than I thought.  Odd.

Click on activity and find out that those Danier Leather shares I gambled on and lost and left for dead actually paid off.

No not a great return. Only 10% over two years so lousy. 

But not the dead money I assumed.

So I gladly used that little gain from the gambling part of my portfolio and bought a few shares of Spotify.

No recommendation here. Bought them because sometimes even an old man gets lucky.

https://www.bloomberg.com/amp/news/articles/2018-09-27/musk-picked-weed-linked-price-to-impress-girlfriend-sec-says

What ?  'Lil help here...

As an officer of a publicly traded company you're not allowed to make any dishonest public statement which could influence the price of the stock. For whatever reason, Musk suggested he had the backing from rich investors to take Tesla private, which suggested they would be buying out all the existing stockholders - which in turn meant the price would have to go up. He didn't have that backing. He isn't taking Tesla private. Apparently he wanted the stock to go up in price, either for the weird reasons suggested or simply because he notoriously hates short sellers.