A little bit of buying… a little bit of selling…
I decided to sell Horizon Betapro, which I bought only 11 days ago for 4.24$ a share (320 shares total) for 5.85$ which netted me 35% return on my investment! A little over 3% daily return on money is always a wonderful thing! This raised me 1 850$ in Canadian funds which I can invest elsewhere to begin recouping my “paper losses” in Canwest, though it looks like that will also turn around shortly.
On Wednesday, I plan on acquiring three new companies, I reviewed by current stocks in 27 companies and 24 of them are on very solid ground while 3 of them, I should have reviewed a little more closely as, in hindsight, I shouldn’t have bought them in the first place.
In the future, I will try to be more careful in my stock choices, I will take a deeper look at the company balance sheet , things I sometimes skimmed over. I am anxious to find-out when the stock market hits bottom at this point, this crazy up and down is getting tiring.
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