My 12K$ Mistake… lessons learned the hard way!
Here is where all my stocks stand right now:
- Antrim Energy Inc (AEN.TO) 1200
- ARISE Technologies (APV.TO) 2000
- Anvil Mining (AVM.TO) 1000
- Bombardier (BBD-B.TO) 1200
- BNK Petroleum Inc. (BKX.TO) 3500
- Coalcorp Mining (CCJ.TO) 4000
- Connacher Oil Gas (CLL.TO) 1000
- Compton Petroleum (CMT.TO) 1100
- Crew Gold Corporation (CRU.TO) 312
- Davie Yards Inc. (DAV.TO) 5000
- Denison Mining (DML.TO) 1500
- Haemacure (HAE.TO) 3600
- High River Gold Mines (HRG.TO) 4200
- Komunik (KOM.TO) 10000
- LAB Research (LRI.TO) 1000
- Lundin Mining (LUN.TO) 800
- Magellan Aerospace (MAL.TO) 2000
- Mecachrome (MCH.TO) 5000
- Railpower Technology (P.TO) 5000
- Shermag Inc. (SMG.TO) 10000
- Sandvine (SVC.TO) 1000
- Taiga Building Products Ltd. (TBL.TO) 5000
- TLCVision Corp. (TLC.TO) 2000
- UTS Energy Corporation (UTS.TO) 1000
- Allen-Vanguard (VRS.TO) 4000
- Western Canadian Coal (WTN.TO) 1500
All those stocks are on the Toronto Stock Exchange.
It’s all about timing: Missing on 500% profit!
From the starting of my stock market adventures, I bought 10 000 shares of Quebecworld (IQW.TO), I paid 4 cents a share for them. Last week, during my garage sale, I sold them for 3 cents a share…. a week later they were up to 28 cents a share before going back down to 16 cents a share. I sold at a loss when I could have sold at a fantastic multiple because I was tired of this stagnating stock. Overall, I am still up 55% on my initial 15K investment in the stock market in a little over 4 months which is still doing great and beating most of the pros in the market! Timing is important because if I would have jumped into the stock market a year ago, these gains would probably have a big minus ahead of the percentage.
Ballard Power System gives me 49% gains!
I decided to sell all my shares in Ballard Power System (BLD.TO) which I bough on January 29th, 2009 for 2.40$ a share, I bought 1 500 shares originally for 1.60$ so this ia a very nice return of 49% in two months time 
The 12 000$ Mistake
A little while ago I did a garage sale in which I sold 20 companies in order to make some more money to invest into Canwest, well, out of those companies, four of them went up like crazy the following week by up 600%! I calculated that I would have made a net profit of 8 000$ from that alone, throw-in the four thousand dollar loss I took on selling my worthless Canwest Communications stock and the total comes to 12K!
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