Archive | 2.33

Sold out KO (Coca Cola) 100 @ $40.30/share

4 Dec

Trade History for KO:
June 4 – Bought 50 @ $41.50/share = $2075.00
Oct 1- Bought 50 @ $37.85/share = $1892.50 (Averaged down)
Dec 4- Sold 100 @ $40.30/share= $4030.00
Gross Gain = $62.50
Less: Commission = $2.98
Net Gain = $59.52  (1.5%)

Collected Dividends:
July 1- $11.90
OCt 1- $11.90
Total Dividends:  $23.80

Ever since I bought into KO, it has traded on a down trend.  I was not happy with this trade from the beginning, but I did not want to sell at a loss prematurely.  I held on for a few months and saw it bottom out early October at around $37.85, so I averaged down trying to climb back up from the red.

If I didn’t averaged down, I would still be at a loss…

 $3967.50 is funded solely on margin, the opportunity cost was too high for me.  So I decided to let this one go to lower my margin amount.  I lost money on this investment due to interest payments for six months that I held it.

Currently, I still have margin on my USD stocks:  COST, PCLM, LMT, V.  All those stocks have a gain of 6.52%-18.52% which is performing to my standards.  

The markets is shitty so far in December.  Looks like a lot of traders are cashing out before the end of the year…  maybe I should too before all my gains are diminished.



December could be grouchy for stocks…

4 Dec

November flew by too fast with some awesome gains.  For the first two trading sessions for December, it ain’t looking good for stocks.  BMO took a big hit yesterday.  Down $3.28 to $70.25, biggest single day loss in a long time for BMO.  It was doing so stellar in the past few months.  BMO has become oversold and may be a good to pick up some shares??  BMO is in my tax sheltered RRSP account, so I won’t touch it.  Even though, I want to take some profit off the table…

Anyways, I updated my stock portfolio and dividends.

My closing date for my Condo is in January 2014.   Scrambling to get my mortgage together to get it notarized.  This is a first purchase on my own so I am learning the ropes of home ownership.  Hopefully, I will be able to find a suitable tenant for my unit that won’t cause me too much headache.  Clock is ticking.