Tag Archives: Chemtrade

Making the right move at the right time

12 Nov

Whoa, time has passed by really quickly.  It’s already been more than a month since I sold out Chemtrade Logistics Income Fund (CHE.UN) from my TFSA.  I sold out 1270 shares @ $16.96 with profit of $819.52 and collected $2287.00 in distributions.

Trade History for CHE.UN

3/27/2012:  BOUGHT 850 shares @ $16.58 + ($9.38 Commission) = $14,101.37
7/05/2012:  BOUGHT 420 shares @ $15.71 + ($6.42 Commissions) = $6,604.62
9/27/2013:  SOLD 1270 shares @ $16.96 + (13.69 Commissions) = $21,525.51
Net Profit $819.52 (This is tax free, since I held this stock in my TFSA!)

Commissions at Questrade were $29.49.  This should have been $25.40, but Questrade charges extra SEC fees for the trades which I don’t like!!

Luckily, I made the right move at the right time.  For the past five days, Chemtrade has been trending downwards on news that Chemtrade is in talks to buy General Chemical Corp.  Seems like traders are not liking this news and have been punishing the share prices.

Chemtrade on Nov 12, 2013

Anyways, if I had kept my shares of CHE.UN, I would be at a net paper loss of $433.54.  Ouch!  I still have 300 shares of CHE.UN in my margin account, but I bought it at a cheaper price.  It’s still a hold for me, since they’ve been a steady income producer.  Maybe, I’ll pick up some more shares at a discounted price.  I would have to monitor they progress in the upcoming days.

I replaced CHE.UN for Mastercard and First National Financial in my TFSA.  Both stocks seem to be holding up well on their own thus far.  By making the switch, I am improving the overall health to my TFSA.

Making some changes to my TFSA

27 Sep

Today, I sold out 1270 shares of CHE.UN for $16.96 in my TFSA account. Fact was that CHE.UN took up 20% of my overall portfolio. The time I held onto this unit trust, I’ve collected a fair amount of distribution.

Anyways, I replaced it with 15 shares of MA at $679.50 for now. I am hoping I didn’t screw myself over in the months ahead. But I felt like it was time to say goodbye to CHE.UN and add more stake to Mastercard where it has really appreciated.

Also, I sold out QCOM – 25 @ $67.18 in my TFSA.

I plan on adding more Mastercard to my TFSA until my cash balance is zero. For now, I don’t want to add too much near their 52 week top.

I believe Mastercard has a strong chart and I am regretting that I didn’t ride this baby out from the start. When I first entered MA, it was around the $300-$350 range. I regret how impatient I was in May 2012 where I sold MA out for little profit. Look at it now, $680 range! Wow, I totally miss out some good gains. But now, I will hold this baby for a while till it fully matures. I will not sell out like the many times I have before.

I’m just thinking out loud. Sorry, if this is a bit confusing. I am not the type of person of analyzing stocks and giving you all the jazz about it.

If I like the stock and believe in it, I will buy it.

History recap, just at the top of my head with approximate numbers:

  1. I bought 200 shares of SBUX at $18, but sold out at $52.15.
  2. I had 200 shares of Visa at $70 at one point, but sold out for $2000 profit.  Fucken big mistake that was.
  3. I bought 10,000 shares of GQ at 15 cents, but eventually sold out at $1500 gain.  I could have sold out at their peak and made a cool $10k profit, but I held too fucken long!
  4. I bought 200 shares of AGU at $50 on margin, but got scared of the dip in the next few days and sold out at a loss.   Then I re-bought them at $70 and sold out for a $2000 gain.
  5. I bought 50 shares of GOOG at $612.00, but I sold half of it for a measly $100 gain because that portion was on margin.

It’s time to get back on track again!

20 Sep

Zombie state, midnight, don’t know quite what to say.  Selling out has been a real blow to me for the past few months.  It’s time for me to face the reality of the losses and move on.  I’ve been stagnant in the stock world.  Work these days doesn’t give me a whole lot of time to think about stocks.  Maybe it’s a good thing since the few stocks I own are slowing climbing out of its hole and churning out some profits.  Sitting on a pile of cash waiting to be deployed.  I waited too long since the market has been on the upswing in the last while.

An update on my portfolio, it’s a little lighter and I’ve gotten rid of the bad seeds.  Time for me to add some good paying dividend stocks or even a unit trust.


Cliff Natural Resources struggled in recent months, the bottom was at $32.00 per share.  I was thinking of averaging down, but in the end, I didn’t want to endanger my portfolio with a beat up company.  Since then, it’s been trying to make its way back.  I’ll be holding onto this one for a while since it’s in my QT RRSP account.  Lesson: If the company is down, but it’s still a good company.. take a risk and buy some.

As always, I tend to sell out.  From the beginning, Google struggled in the weeks that followed my buy in price.  It went down and down and all I was seeing was red.  So I set out a sell limit at $620.00 for half of my shares.  For weeks, I didn’t really paid attention to my portfolio. Low and behold, it met my price and bam, it sold.  Now, Google stands tall at $100 above my sell out price.  Lesson: Give it some time, keep the good ones close by.

For BMO and Chemtrade Logistic, I’ve wagered big on them in terms of shares.  Yet, I haven’t seen much price appreciation from them. Finally, BMO raised their dividend to $0.72/share after so many years.  While other banks have been steadily raising their dividends year after year.  I should have bought into Royal Bank, but it’s the choice I made.  Chemtrade pays a monthly $0.10/unit.  So I’ve been collecting $181.00 each month.  I’ll continue to hold and wait.  Lesson:  Be patient to those who rewards you monthly or quarterly.

As for my lone penny stellar stock, it’s has fallen from its high of $4.50 per share.  I could have cashed out and walked away with a wonderful big fat wallet, but I had hopes of it going all the way to the big boys.  That’s not the case.  Lesson:  Sometimes, it’s best to cash out before it comes crashing down.

I regret selling out my other unit truss, they have flourished to no end in sight.  I really had some good ones that I let go time and time again.  Sometimes, I just have that itchy finger to push the sell button.  Lesson:  Long term has its advantages in unit trusts where steady stream of income and price appreciation are not too far off in the distance.

One more thought, I don’t think I’ll ever listen to anyone about stocks anymore that’s where I got into trouble.  I think I do best on my own with my own style of investing.