Archive | March, 2011

Missing in Action

23 Mar

Such horrid two weeks of my stock life!  Patience is virtue.  To say the least, I was on a tear!  I was emotional wreck… giving into the sell-offs.  Not a pleasant feeling to watch my gains become losses. 

Update:  Sold off all my stocks in my TFSA at a considerable loss which was offset by a significant gain of one lone stock.  Thus it was break even.  I replaced those stocks with Agrium and Potash.  To say the least, I bought too soon.. there were more down slide during that week.  It was turbulant.  I had losses up to my neck… but I hung in there knowing these two are power houses. 

Current Positions:
AGU -$183 loss
POT +$50 gain

If I only waited it out, I could have gotten them for cheap.  But I tend to act quickly.

I’m looking at Netflx… Nice daily volume with lots of upside potential… Given you know when to buy in.

Selling Spree

9 Mar

Rule#1:  Never ever listen thy brother!
My brother has been a money pit.  Everything that comes out of his mouth is worthless piece of crap.  So I sold EPO at a loss of $1075 + commissions in my QT TFSA!

Rule#2:  Never add onto a position of a stagnant penny stock!
I wished I never heard of Noront Resources and UC Resources.  Anyways, I finally managed to sell some of my UC shares @ 9 cents in my QT RSP and TFSA.  I haven’t even calculated my losses yet.

Rule#3:  Sell it or it will come back and haunt you!
I bought CLF and POT and they both had a spectacular run.  I had about a 5-8% gain on those two, yet I didn’t sell them at a profit.  Now, it’s come back below my buy in price.  Still holding it, but I wished I had sold them just a day or two ago…

1 Mar
Account Buy In Cash Stock Profit/Loss Percentage
Itrade Margin 17652.35 66.80 25694.31 +8108.76 45.93%
Questrade Margin 10000.00 (8121.45) 23374.00 +5252.55 52.52%
Questrade TFSA 15000.00 146.00 16030.00 +1176.00 7.84%
Questrade RSP 10000.00 283.00 9897.00 +180.00 1.80%
Total 52652.35 -7625.65 74995.31 +14717.31 27.95%

Notes:  I maxed out my QT TFSA to $15000.  Added $3000 to my QT RSP.  Added $5000 to my QT Margin

Bad Seeds

1 Mar

Noront Resources Ltd. and UC Resources Ltd. are a couple of bad seeds in my portfolio.  Yes, I’m holding them still.  I’ve spread the bad seed (UC) to my QT RSSP and TFSA account.  Both of my accounts are suffering based on my bad decision by adding more position at a higher price.  I’ve done the same with Noront…by adding it to my RRSP, but luckily I manage to get out of that one with no real damage.

Current Holdings
NOT:  Original Investment $4300.00 -$2720.00 current loss
Notes:  I watched it go from a profit of $900 to negative $2720, hard to swallow.

UC:  Original Investment $5230.36-$820.36 current loss
Notes:  Volume is very low, I will have a hard time getting rid of my 49,000 shares.

Plan of action:  I might have to take my current losses to make my portfolio stronger as a whole.