Tag Archives: CLF

Year 2012, a ton of regrets.

4 Mar

A series of mumbling that won’t really make sense to most of you, but I need to put this out there to get this off my chest.  

2012 was a very bad trading year for me.  I got impatient, I got greedy, I got anxious.  I sold out GOOD stocks for NOTHING.  All I can do now is recoup and start over again.

First mistake, I sold out IPL.UN, MA, SBUX in May 2012, when stocks faltered a bit after reaching its record high.  I kept loser stocks like Cliff Resources for no good reason, now I am stuck with a 50% loss that is bringing my portfolio down overall.

Second mistake, in summer of 2012, I was holding RCI.B 200 shares @ $36.85 and SJR.B 500 shares @ $19.68, eventually I sold them out for a loss to buy penny stocks that lead to a greater loss of $8,000.  Yes, I got greedy and it cost me dearly.  Today, RCI.B is at $49.38 and SJR.B is at $24.61 respectively. 

Third mistake, I sold half of my GOOG shares for $620.  When I first bought into the stock at $612.68/share, all it did was head below my buy in price.  I thought to myself, is this another APPL mistake?  When things started to turn upwards, I reduced my shares as half of it was on Margin.  If I had kept my orginal shares, I would be $5000 in the green.

One of my biggest regret is not selling Great Quest Metal at its peak.  I could have made a cool ten grand, instead I kept it and price went down and down till I sold out for a measly $1,250. 

Always be aware of your stock, in which direction it goes.  It may treated you well in the past but it can turn on you in an instant.  

Moral of the story, pick good stocks and hold on to them instead of following the next hot thing.  I don’t do much research myself on picking stocks.  I just go with my gut instincts.  I have held and sold out many stocks (Agrium, Great Quest, Mastercard, Starbucks, Visa) that went on to gain multiple times.  Maybe, it’s time for me to step back a bit and just stick with what I have instead of chasing a stock for quick profits.

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A couple of dissapointing weeks in October

1 Nov

Sure enough, what goes up must come down.  Cliff Natural Resources was making an effort to climb out of its depths, only be push back down into the mid 30s price range.  My new buys for REI.UN and WYN haven’t done so well since I added them to my portfolio.  I had WYN at a profit, maybe I should have taken the capital gain… what little of it than to hold out for a come back.  Anyways, I’m really surprised that I haven’t made any changes to my portfolio.  I am being strong here.  I was doing better a few weeks back than now especially with the anti-climatic fall of Google.

Anyways, I’m going to buy Google’s Nexus 4 by LG android phone.  It’s my Xmas bonus from my new job 🙂  Hmm, or I shouldn’t buy into new toys and just use my mediocre HTC smartphone till my contract ends??  I’ve only used it over a year…  Decisions, decisions, what to do?  By the time, I’m done with my contract with Bell… maybe the smartphone market will drop and become cheaper overall like TVs!

Traveling is just around the corner for me!  In February, I’ll be taking full two weeks off!  I haven’t had a long vacation in six years!  I’ll be re-visiting Rome for three days and cruising ten days in the Mediterranean!  This will definitely make a dent in my savings, but you know what… You can’t always be that tight with your money!  Gotta enjoy life while you can!

Planning on a Sleepy Portfolio

4 Oct

What would happen if I just didn’t do any trades for the year 2013?  At the end of the year, I’d have to withdraw from my Scotia and Questrade brokerage accounts for my upcoming down payment.  Just by keeping my stocks, I’d have a monthly flow of dividends and distributions coming my way.  Not to mention the potential of price appreciation or depreciation within the year.  Most likely, I see the prices of my stocks going up with a big question mark for CLF though. Here’s a break down of my current holdings:

Ticker Dis/Div Comments
BPF.UN       235.20 This is my superstar!
IPL.UN       450.48 Very strong contender!
CHE.UN    2,172.00 Invested lots, hope it appreciates.
KEG.UN        96.00 Classy dining unit trust.
BMO    1,152.00 Lagging behind other Canadian Banks.
CLF       250.00 This is my loser stock!
REI.UN       552.00 Newly aquired, it better go up!
WYN        92.00 Aquired for price appreciation mostly.
Total  $4,999.68 If I kept all my stocks for the year!

Hindsight

20 Jun

Over a month ago, I sold off my positions in Apple and Cliff Natural Resources at a big loss.  Also, I let go of my winners like Mastercard and Starbucks to even out the playing field.  By selling those positions, I’ve loaded some unhealthy stocks into my portfolio like a penny stock which shall remain nameless and Google.  Those two stocks alone is giving me a paper loss of $4,000.  I will be stuck with these paper losses till it comes roaring back.  For now, I’m inactive in my portfolio.  It’s going into dormant stages.

SOLD @ May 17th VS If I had kept positions @ June 20:
APPL- $535 vs $585
CLF- $50.50 vs $52.55
MA- $406 vs $429
SBUX- $52.00 vs $55.55
COP- $51.60 vs $54.65 (I replaced COP for GOOG on May 21st)

My biggest mistake in this whole time is jumping in on GOOG instead of AAPL when Apple was showing signs of recovery at May 21st.  AAPL went up, GOOG went down.  All the while, I just hung on with the hopes it’ll follow in suit.  As you can tell, that never transpired. 

It’s been a while since I blogged about stocks.  I’m kind of mad at myself for selling out at the wrong time.  Now, I’m stuck with a big loss with not much room to maneuver.  Patience is key!  Never listen to others~

Grumble, Grumble

16 May

My portfolio took a big hit this week due to the European crisis mainly due to Greece in limbo as of now.  Thousands in paper gains were lost in an instant.  I should have listen to my wise foe who told me to cash out while I can before May…  but I tend to attached myself in stocks for the better or worse.  Is there no end to this down slide in sight?  The companies I hold are on a fire sale!  Roll of the dice!  Too bad, all my money is tied up in them at the moment.

Currently, the two stocks I worry about are Apple and Cliff Natural Resources.  I have over $30k on margin for both stocks and every day they seem to be tanking like crazy.  By putting myself on margin, I put myself at a bigger risk to lose more than what I have.

Today, I sold out SJR.B at a loss to free up my margin.  I bought SJR.B at the wrong time.  I thought it was bottom when I bought it, but then this week happen and the rest of it is history!

I was seriously contemplating liquidating some of my stocks to keep afloat… to minimize my losses especially in Apple and Cliff.  But I think I waited too long for that.  So I will wait until Friday to see if the market will show some signs of a recovery…

Nothing seems to be going my way these days.  Life is full of twists and turns.  One can be snuffed out in an instant.  There were a few tragedies that happen recently that hit close to home on the local news.

1)  A friend I know who’s coworker died tragically in a hang gliding accident.  It was her first time going tandem with an instructor, she wasn’t strapped in properly in her harness and she fell out shortly after takeoff.

  • Sometimes the thrill of an adventure can turn out tragically.

2)  My part-time boss’s landlord crashed his float plane out in Okanagan shortly after takeoff.  The plane caught on fire, he and two other passengers did not make it out alive.

  • He died doing what he loved.

3)  My coworker’s son-in-law’s cousin died in a car accident over the weekend.

  • Error in judgment can quickly turn deadly.

Sometimes, I wonder why I save so much?  Will I survive that long to actually enjoy the savings that I have accumulated.  Sometimes, you need to have a proper balance of enjoying life as it is and taking each day to the fullest!

Bloody Hell!

4 May

May has certainly lived up to its expectations.  The saying goes, “SELL IN MAY, GO AWAY!” with the notion that investors should cash in their investments and take the summer off.  Historically, summer time seems to prove to be the worst performing months of the year in the stock market.

In the meantime, I have sold positions in COS.TO and POT.TO to free up some cash.  However, I have dug myself a pretty big hole in my margin account.  My latest buys of AAPL and CLF have faltered and in the steep path for margin calls.  My optimism for the stocks to rebound has been short-lived.  This goes to prove that the market is unforgiving and you should always take precautionary steps to protect yourself.

If I see an opportunity to jump in, I will.  For now, I hang onto my stocks for dear life.  I shall take a buying break from the market, and see how the market will churn out in next week.

Busy Monday!

30 Apr

QUESTRADE MARGIN
SOLD:  BMO.TO @ 58.13, profit of $23.10, 0.4%
BOUGHT:  RCI.B.TO 200 @ $36.85; CLF 100 @ $62.23; AAPL 10 @ $583.70

QUESTRADE RRSP
BOUGHT:  POT.TO 100 @ $41.81

QUESTRADE TFSA
BOUGHT:  COS.TO 300 @ $21.68