I decided to get rid of all my US stocks since my last update on 2xStocks.com at a 15-20% loss. These stocks included General Motors, Citigroup, Freddie Mac, Fannie Mae and Sirus. With the Canadian dollar increasing in power over the greenback and these stocks not doing much of anything, it made no sense to keep them as I was getting dinged at both ends keeping them. Since my last update, here is what I have been busy doing.

Locking in some profits

• I sold off my 2 000 shares of Shore Gold Inc. (SGF) at 75 cents a share after paying 41.5 cents 13 days ago giving me a 77% return on my money.
• I sold all my Antrium Anergy (AEN) shares at 76 cents a share after paying 41 cents 35 days ago for all 1 200 shares.
• I sold 5 000 shares of Taiga Building (TBL) at 20 cents a share after buying them for 11 cents 42 days ago.
• I sold 3 000 shares of Dominion Citrus Income at 35 cents a share after paying 20 cents a share for them 14 days ago, a 65% return!
• I sold 1 000 shares of Anvil Mining for 1.35$ a share after paying 1.05 cents a share 45 days ago, giving me 29% profits.
• I sold my 3 000 shares in Automodulator Corp. (AM) at 32 cents a share after buying them at 19 cents a share 26 days ago which gave me a 72% return.

I got rid of two stocks that lost me 18%, my 1 000 shares in both UTS and LRI which I got tired of holding.

Buying some future profit makers

• 25 000 shares of Earthfirst Canada Inc. (EF) at 3 cents a share
• 36 000 shares in Turbo Power Systems Inc. (TPS) at 2.5 cents a share
• 105 000 shares in Airiq Inc. (IQ) at 2.5 cents a share
• 19 000 shares in Groupe Bikini Village Inc. at 4.5 cents a share
• 1 000 shares of Uranium One at 1.75$ a share
• 1 000 shares in Semafo Inc. (SMF) at 2.27$ a share
• 7 500 shares in Atlantis Systems Corp (AIQ) at 3.5 cents a share
• 100 000 shares in Excellon Resources Inc. at 1 cent a share

Taking a big gamble

I bought Catalyst Paper Corp 5 times already which gave me very good returns so this time around, I bought 50 000 shares at 17 cents a share, about 8 000$ worth! I got screwed when I gambled on Canwest and again with Citigroup, let’s hope that my third try works better! Already, it’s up 20% but I am hoping for a nice return in a very short time on these guys!

This entry was posted on Monday, June 8th, 2009 at 9:05 pm and is filed under Opinion, Stocks Bought, Stocks Sold. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.