Sunday, April 4, 2010

Starting off Q2 with a Bang

April 1st was a good day for my stocks, which is good to see after the sideways motion I have seen in my stocks since mid-February. I am now up about 3.1% year-to-date, so I am not doing as well as I would have liked to this point but at least I am well ahead of GIC's / bank interest at this point.

I currently own PN (in buy territory right now, but very thin trader), RCI.b, PMZ.un, MFC, SLW, ENF.un, COS.un, TCM, and HSE. COS and HSE have had a good run the last few days, so it is good to see them making up for some lost time.

PMZ and RCI are in sell territory right now, so I will have my stop losses kicked in if they drop much more on Monday. On the buy side, I have HBU and HGU (gold bullion and gold stocks, respectively), BCE, PN (already own), and S. I am looking to pick up HGU, BCE, and S on Monday, on an uptick.

The market has been generally up for the last month and a half or so, but my stocks have been pretty flat. I am only winning on 4/7 trades so far this year, well below last year's 7/10 when the market picked a direction and stuck with it. I don't even mind if the markets go down really, I just want the markets to pick a direction and to go in that direction for a sustained period of time.

That's it for another week. MJ

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