Decade of Daddy Mirror Fund update
10 October 2008
On the assumption that we are at least halfway to the bottom….
Buying 35,000 Royal Bank (RY:TSX) at $40.04 and adding 100,000 Spectra Energy (SE:NYSE) at US$15.81 for our Decade of Daddy Mirror Fund™.
Over at you-know-where, the NAV broke through the $9.00 floor yesterday, putting it about 25% down from the original $12.00 IPO issue price. In a feat of remarkable coincidence, the Dow Jones was down 24.6% between July 2nd and last evening’s close.
MRM
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