Sold four stocks to raise some stock market funds
After hearing how professionals like Warren Buffet lost a bunch of money on the stock market, I don’t feel so bad anymore that my February wasn’t as I would have hoped but I did stay my ground at least if you ignore my Canwest (ongoing) gamble.
Canwest isn't doing so well... and they got comnpany!
February Tribulations
Believe it or not, I am still playing on the stock market with my original 15K investment. This month instead of hitting the 30K I was hoping, I slid down a bit to 26K, mostly due to Canwest which can reverse course very fast so I am not too concerned, just about all the media outlets in Canada, even the national CBC, is having funding gaps and problems. For instance Canwest lost 30% in share value since I bought them, when you have 10 000$ in shares, that begins to feel like real money after a while!
Freeing-up some stagnant fund
I decided to sell four stocks that are about break-even, I didn’t make much money but I didn’t lose anything selling them neither. It raised a total of 2 600$ which I will plunge right back into the stock market into some very promising companies I have discovered. The companies I sold were 7 000 shares of Delta Uranium Inc (DUR.TO), 2 000 shares of Kaboose Inc (KAB.TO), 10 000 shares of Call Genie (GNE.TO) and 2 000 shares of Corectec Inc (CYY.TO).
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