Even though the US stock markets have had a good month, the Canadian stocks weren't quite as possitive for me. For January, I am down slightly (-0.24%, so I am pretty much even). I am currently about 65% invested, so I own quite a few equities but I still have alot of cash on the sidelines.
I currently own BCE, BIN, CCO, CLS, COS, CP, ECA, FM, ENF, HFU, HXU, HSE, MBT, PBN, PGD, PMZ.UN, REI.UN, RUS, S, SC, and T. I am up in all but five of these securities at the moment, and only one of them is down more than $100 total since I purchased it (SC, as it dropped $2 per share when it was announced their CEO would be leaving the company).
I was up on CCO the last couple of days so I just doubled the position today. I have decided that I not only want to sell stocks if they start to go down but I also want to buy more of a stock that is moving up nicely. That means that my initial purchase of a stock is meant to be the first half of the position and the stock performance will determine if I purchase the second half or simply sell the first half. It is naive to think that I will buy stocks and they will always go up right away so this protects me by not investing the full amount. This also makes it easier to invest larger sums of money as my portfolio grows, as I never want to own more than 20 or 25 securities at the most.
For tomorrow, there are a few stocks that are nicely in 'BUY' territory - HQU, AGU, LIF.un, and MFC. I will put in stop buys tonight and pick up any of these stocks / ETF's that continue to rise in the next couple of days (I put my stop buys in for two day expiries now, so I have to do less updates). Oil has had a nice run lately and HOU and CNQ both went into BUY territory today but I wait until the second day in buy territory to buy so I will have to wait on those. I already own HSE, ECA, COS, and PBN so I am already well-positioned to benefit from higher energy prices.
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