On Friday I decided to clear-out three stocks that have been stuck in stagnation for a little longer than I would like:

• 3 500 shares of BKX
• 1 000 shares of CLL
• 213 shares of CRU

These stocks I didn’t make nor lose money on, just broke even.

Magellan Aerospace Corp gives 97% profit!

I also sold my 2 000 shares of Magellan Aerospace Corp (MAL.TO) for 70 cents a share which I bought 16 days ago for 35 cents a share… giving me a 97% profit or 680$ gain.

Buying some new stocks

I also bought three new companies as well

• 7 000 shares of African Copper Plc (ACU) at 5.5 cents a share
• 50 000 shares of Quebecor World (IQW) at 2.5 cents a share
• 800 shares of Citigroup (C) at 4.06$ a share

I figure that Citigroup is the world’s biggest bank, AIG is the biggest insurance company and Freddie Mac and Fannie Mae are the two largest mortgage companies so once the economy gets rolling again, all of these companies should be in the green.

This entry was posted on Monday, April 20th, 2009 at 4:11 pm and is filed under Opinion, Stocks Bought, Stocks Sold. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.