Tag Archives: CVX

It’s been one month!

4 Jul

One whole month, I have held COCA-COLA CO (KO:NYSE) on margin.  I haven’t been able to sell my swing trade yet because it hasn’t gone above my buy in price of $41.50 per share.  I am currently sitting on an unrealized loss of $51.49.

July 1st, I was surprised to find a gift from KO sitting in my brokerage account:  $11.90 in dividends!

As for my other swing trades in June, I profited $140.98.  I was able to execute buy/sell for four stocks.

  1. Jun 4-14, 2013:  KRFT- buy 50 @ $54.30 | sell 50 @ $55.61
  2. Jun 4-14, 2013:  MA- buy 5 @ $569 | sell 5 @ $572.10
  3. Jun 11-27, 2013:  DOL.TO- buy 25 @ $72.71 | sell 25 @ $74.11
  4. Jun 25-26, 2013:  CVX- buy 25 @ $117.30 | sell 25 @ $118.22

In all honesty, if I was patient with some of the stocks, I would have even greater profits.  But a profit is better than no profits, right?

Prices of the four swing trade stocks as of July 4th:

  1. KRFT:  $55.51 (-0.10 x 50= $5.00 extra loss)
  2. MA:  $586.12 (+14.02 x 5= $70.10 extra profit)
  3. DOL.TO: $74.63 (+0.52 x 25= $13.00 extra profit)
  4. CVX: $119.08 (+0.86 x 25= $21.50 extra profit)

I didn’t want to hold these stocks for too long as I bought them on margin charging at a rate of 4% per annum.  The longer I hold the stocks, the more interest I would have to pay.  Quick profits on margin are optimal at best.

Currently, I have BTE.TO (since May 9th, slowly, I am climbing out of the red on this one) and KO on margin a total of $10025.99.

May’s interest, I had to pay $15.92 CAD and $3.19 USD.  June’s interest will show in the middle of July 2013.  Let’s see how much interest will dig into my $140.98 in profits for the month of June.

Bought Chevron (CVX) today

25 Jun

June 25th, I bought Chevron on margin in my Virtual Brokers.

CVX:  25 shares @ $117.30

Markets have been depressed of late.  When I checked my stocks on Monday morning, my heart sank a bit.  Red was blinking all around.  Monday’s sell off was hard to swallow.  My paper gains dropped hard and fast. 

Inter Pipeline Unis dropped 36% first thing in the morning.  TSX halted trading activity immediately to combat this forceful sell off.  Fortunately, when trading resumed a couple hours later, IPL.UN recovered and is trading at its normal price. 

This must be a trading error made by the big boys.  Floods in Calgary may have impacted this little fiasco.  Goes to show you how ruthless the markets can be, if you snooze a bit.  Disclosure:  I will continue to hold IPL.UN as I see no reason for this plunge to happen again.

But it sure did give me a scare though!  Just before I woke up, I had a dream about a tanker truck exploding on the highway as I was on ramp to enter.  Could this be a foreshadowing dream for things yet to come?