Tag Archives: CHE.UN

Turning a Blind Eye

5 Apr

For the month of April, I plan to turn a blind eye to my budding stock babies that I had acquired end of March:  TCK.B, TRP, CHE.UN, AAPL.  I have built up my margin to $27,723.42 for these 4 particular stocks.  

In 2010, I took out loans to buy more stocks.  In 2011, I paid back all my loans to play it safe.  This year, I am taking on a bit more risk in order to hit my target of $120,000.

Story of my life, I’m going to take a back seat this month.  If I hit my target for TCK.B, I will sell for a profit.  Just going to wait for a green sunny day! 

Looks like TRP will take some time to blossom.  I’m not too sure if sitting on margin on this one is such a good idea.  I have collected their dividend thus far.

AAPL is a steady work horse.  Even though, I bought at its 52 week high.  It continues to amaze me how well they break through resistance.  I am definitely holding this one till I see weakness forming around its share price.

To be honest, I’m a little stressed with CHE.UN.  I had invested a lot of money into this one.  It’s been on a steady decline from its 52 week high.  I’m currently down 8.33% equaling $1505.73 smackaroos which is hard to swallow.  But I am seeking long-term distributions from this particular stock.  Of course, price appreciation in the stock will help out too.

 

Spring Cleaning

27 Mar

It’s been a long time coming.  Today, I decided it was time to say goodbye to some old poor performing stocks like 200 shares of Manulife Financial Corp (+$16.10), 110 shares of Pengrowth Engery (-$103.44) and last but not least, 300 shares of Potash Corporation (-$99.90). 

I welcome back Chemtrade Logistics to my core portfolio once again.  I had the misgiving of selling my shares too prematurely.  If I had kept them, I’d be several thousands in the green.  It is a unit trust pays 10 cents per month, in which, I’ll be receiving $109/month in distributions. 

QT RRSP-  240 @ $16.58
QT TFSA- 850 @ $16.58

I’m on the heavy ended on this stock, it’s a bit risky for me if the stock does go down a dollar or more. But I know if I’ll forget about for a year, I’ll be receiving $1308 in the end.  Of course, I hope shares will appreciate to $18 then I’ll be in the money!

Crazy Sells and Buys

17 Sep

Today, I just sold off four stocks to revamp my portfolio.

CHE.UN from my Scotia Itrade – This unit trust had been good to me.  I had a pretty good run with this one, but over the last few months, it’s been taking a beating.  I am sad to let this one go actually.  It had been paying me out consistently at $40/month.  Sometimes, it’s better to sell out before it goes for a free fall.  I had hopes it’ll bounce up, but hit a road block.

CSCO from my Scotia Itrade –  This recent buy has been a little to slow to pick up a rebound. The free up money will either go to pay off some debt that has been adding up for me.

NM from my TFSA Questrade –  Had chances of selling at a small profit.  My mentality back then was to hold and hope for bigger gains.  Lesson learned is to profit whenever and go onto the next best thing.  Held this falling one for a good 9 months.  Really dissapointing.

UCO from my TFSA Quetrade –  Crude oil hasn’t risen as fast as I thought it would for this year.  Another big loss I took to set forth another direction in my trading style. 

Here are my buys to replace my sellers: 

I picked up 2000 shares of GIX.TO @ 35 cents.  It had a good pop up today.  Hoping this one will make a good run out before hitting its peak. 

I’ve added more to my position at UC.TO.  The average cost now is at 40,000 shares @10.65 cents.  This can either end up badly or make me really happy down the road.  Check back in a few months.  

Best Buy (BBY) 100 @ 37.15(USD) is purely for seasonal play.  Waiting on the Oct 5th dividend and the uptick in the spirit of Christmas!  Hoping this one will bring me a good present!

Time for me to let these budding penny stocks to blossom when they are ready!