Tag Archives: GIX

Could GIX be my next GQ?

3 Dec

GIX was another spur of the moment pick for me.   With no money on my side, I actually used margin to buy this penny stock at 35 cents x 3000 shares.  In the few months, it has returned a remarkable 150% gain and counting!  This baby is starting to look a lot like my GQ who started out at 15 cents x 5000 shares to $1.80.  If I only kept all my 5000 shares of GQ, I would have been really happy.  I sold out half my position at 35 cents for GQ.  Nevertheless, not bad for a $750 investment initially. My only regret is not putting more money into GIX and GQ.

I’ve actually pour more money into NOT and UC for some reason for a combined total of $10k.  NOT has been a real dissapointment for me, I should have sold out when GQ actually surpassed NOT.  But I didn’t want to take a real loss.  UC has been a little stagnant.  Not really making any moves.  Hopefully, in the near future, it will make some strides.  Still waiting for that moment….

Maybe, it’s time to re-prioritize my positions.

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Geologix Explorations Inc. (Public, TSE:GIX)

6 Oct

Just an update on my budding recent pick for GIX.TO:

Sept 17th:  3000 shares @ 35 cents
Oct 6th:  3000 @ 41 cents

It’s a good 5 cent jump today alone.  For the last couple of weeks, it’s been trading from 32-38 cents.  I was a little worried when it hit 32 cents as it was below my buy in price!  But looks like it’s turning a new leaf.  Let’s see where this one will go!

Update:  Oct 7th:  3000 @ 47.5 cents  (If I had only put more money into this thing instead of UC Resources)

Update:  Oct 14th  settling @ 51 cents.  Losing its intial hype…

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!