Not in Yellow Pages, and Not Liking It...

As you know, I had jumped back into Yellow Pages - I made some quick money then got stopped out as the price settled back for a couple of days. It looked like I might be able to buy it back at lower prices until Friday, when it jumped again. If Yellow Pages passes through $7, I will likely buy back in with a plan to ride it to $8 and beyond.

Now, for what I actually DO own right now. I own BCE, HGU (gold stock bull ETF), ENF.un (Enbridge), L (Loblaw), SNC, REI.un (RioCan), RCI.b (Rogers), THI (Tim Horton's), and TRP (TransCanada Pipelines). I am about 26% invested in securities right now, with the rest in cash. I expect a pullback soon (likely 8 - 12%) and then probably a slow summer (as per normal), so I am a bit worried about getting too heavily invested. I actually don't mind a pullback, especially if it is a prolonged downturn, since I will simply move to the 'Down' ETF's, that rise in price when their underlying market or sector drops in price.

Also, since I follow the graphs, I have to wait until they tell me to buy a stock before I proceed. Many of the stocks I follow are in 'Hold' territory but I don't own them, mostly since I got stopped out on them while protecting gains. It makes it hard to buy back into these securities when they continue to go up later.

As for buys that are coming up on Monday, there are a few that I already own such as BCE, SNC, and TRP - I only recently bought them and they are still buys now, being just above the 40-day moving average. If they turn back negative and go back below the line, I have to be ready to unload them.

There are other buys as well, such as HOU (oil stock bull ETF), BTE.un (my favourite oil and gas trust), and G (Goldcorp). I will be putting in stop-buys for BTE.un and G but I don't want to buy HOU at this time as oil prices are already at a long-time high (and I DO consider other factors sometimes when buying stocks, not just the moving averages). I will be buying BTE.un, however, so I will have some exposure to oil prices anyway (and I also own Enbridge and TransCanada, which are in sectors that are related to oil).

I have been watching natural gas lately, and it is due for a price rebound, especially if there is a warm summer in the US and Canada. The shale gas plays, along with LNG from outside North America, has been driving down natural gas prices to ridiculously low levels, but I don't want to jump in too soon and get burned on a further drop. I plan to play natural gas through HNU (natural gas ETF), and it is in 'Buy Soon' territory, so a couple of up days in natural gas and I would have to jump in. Timing on this is very important since natural gas prices are so volatile, so I have to be ready to jump back out again at any time.

I was up for the fourth straight week this week, and I am now at 4.2% year-to-date, so I am on pace for my goal of a 1% gain per month for the year. Certainly not as exciting as the 50% gain that I achieved last year, but certainly more realistic given normal market conditions. I hope to make some gains in the next few weeks before the expected summer slow down after May ends.

If anyone is still reading my posts and has any questions about a stock they follow or has some feedback as to how they have used any of my method in their own investing, I would love to hear it so drop me a line.