Having only one share to watch (NRI.TO) made my trading and news on this blog cease to a halt but I’ve decided to divest myself of 30% of NRI.TO so that I can keep playing the market while I wait for this stock to shoot upwards!

Diversifying and buying some stocks

Other investors have told me to have no more than 20% in any one stock but I still believe in NRI.TO so I will keep the remaining 70% but here are some stocks I have bought with my 30% sales.

• 46000 shares of Brigadier Gold ltd  BRG-V at .02 cents
• 14000 shares of Journey Resources corp  JNY-V at .05  cents
• 8000 shares of Habanero resources inc  HAO-V at .135 cents
• 7900 shares of Pinnacle Mines ltd  PNL-V at .23 cents
• 10000 shares of Red Pine Exploration  RPX-V at .085 cents
• 17250 shares of Seprotech System inc  SET-V at .04 cents
• 6500 shares of Breakwater Resources  BWR-T at .28 cents
• 16000 shares of Orsu Metals Corp  OSU-T  at .05 cents
• 46000 shares of Tvi Pacific inc  TVI-T at .065 cents

At close to 9 million trades a day, NUVO RESEARCH INC (NRI.TO) is really trading like crazy on the TSX. This caused it to gain 10% in just one day!

So last week I sold another 10 companies at a 10-15% loss on average and put it all into NRI.TO. I now own 65 000 shares of this company at an average price of 36 cents per share. Each time it goes up a penny, I make 650$!

On the 5th of August, there is heavy speculation that the FDA will approve their anti-inflammation drug and within a year, the stock can grow by up to 2000%. I call this my Freedom 55 plan, if it decides to nosedive, I can still sell my stocks at a profit as the price will only go up for the next two weeks from which I still manage to make a nice chunk of money.

I got a comment from Dave asking me why I win all the time…

Actually Dave, the reason I got such a good run is because I jumped into the market when it was at its bottom lowest, if I would have started two years ago, I fear things would have been very different and lost quite a substantial amount of money! I also make big mistakes, I still own over 20 companies that are losing money which I am waiting to turn a profit before getting rid of them at a profit. Just last week, I put 2500$ into a company that went bankrupt 3 days later! I lost all my money on that one. I lost lots of money when I invested in Canwest and Citigroup as well which I have written in this blog. I am overly aggressive when it comes to the stock market but that’s how I doubled my money, so sometimes I win big, other times I lose big.

Latest buys

My latest acquisitions are:

• 10 000 shares of Crowflight Mineral (CML) for 21 cents a share
• 6 000 shares of Eastern Platinum (ELR) for 58 cents a share
• 15 000 shares of First Nickel (FNI) at 13.5 cents a share
• 12 200 shares of High River Gold (HRG) at 22 cents a share
• 20 000 shares of Nuvo Research Inc (NRI) at 34 cents a share

Nuvo Research Inc (NRI)

I have bought a ton of Nuvo Research shares, this company has discovered a new drug delivery system that is waiting FDA approval, if everything goes as planned on August 5th, 2009, the shares can go up 5 t0 10 fold in value within a very short amount of time. This will be my third gamble on a stock to get out of my 30-35K rut I have been in for a while, would be nice to have several hundred thousand for a change I will be selling other shares to buy more of this one.

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!

Monday of last week, I decided to take a gamble with GM after they made me a nice chunk of money back when I first started trading on the stock market but this time around, I lost 22% instead of making a hefty double digit return with a 2 200$ profit! I sold them at 1.45$ but bought them at 1.69$ a share. This is a good thing as I did this about a week ago and since then, the shares have dropped big time.

I also sold my 7 000 shares of ACU for 55 cents after buying them for 15 cents a share 16 days ago, giving me a 165% return I also sold my 2 000 shares of SGF at 75 cents after I paid 41.5 cents a share 13 days ago, a 77% return! Sure beats leaving money in a savings account!

I bought 6 000 shares of MGX (MGM Energy Corp) for 17 cents a share, 5 000 shares of Delta Uranium Inc. (DUR) for 10 cents a share, 5 000 shares of Dominium Citrus Income fund at 20 cents a share, 20 000 shares of CBM Mahalo Energy Ltd. at 2.5 cents a share and finally 1 400 shares of HEM Hemisphere GPS at 1.20$ a share.

I started the day yesterday with exactly 30 177.96$ and by the end of it, my portfolio grew to 32 442.52$! The TSX grew by 2.66% and I grew by 10.25%

Locking-in my TLC and CMT

On the first day I entered the stock market, November 21st, 2008, I bought 2 000 shares of TLC which at one time dipped to 13 cents a share, I have now sold them at 46 cents a share for a net return of 20% over five months. When things go bad, sometimes it’s good to just hang-on till they recover.

I also sold 1 100 shares of CMT for 1.21$ a share, a net profit of 30% over the course of 28 days

Buying six new companies

I decided to buy

• 1 000 shares of General Motors (GM) at 1.69$/share
• 6 000 shares of MGM Energy Corp (MGX) at 17 cents a share
• 3 000 shares of Sirus XM Radio (SIRI) at 51 cents a share
• 5 000 shares of Freegold Ventures Ltd. (ITF) for 19 cents a share
• 10 000 shares of Adanac Molybdenum (AUA) for 9 cents a share
• 2 000 shares of Eastern Platinum Ltd. (ELR) at 61 cents a share

Future Goals

I started investing in the stock market with exactly 15 720$ and over the course of a little over five months, I made 107% returns on that cash. I now plan on reaching 50 000$ over the course of the rest of the year, so I got 6 months of hard work ahead of me to get 18 000$ in profits.

I have been very busy so here is an update as to what happened in the past few days.

I have sold 4 companies

• Allen Vanguard Corporation (VRS.TO) which I sold at what I paid for them (no loss, no gain)
• Arise Techs Corporation (APV.TO) which I bought 2 000 shares of for 40.5 cents and sold for 61 cents giving me a 48% profit after 54 days
• Azure Dynamics Corporation (AZD.TO) which I bought 8 000 shares of for 5 cents and sold 9 days later for 8.5 cents a share giving me a 65% return
• Sandvine Corporation (SVC.TO) which I sold for 1.24 cents a share giving me a 17% return after 60 days

I have bought 5 new companies

• 1 500 shares of Conjuchem Biotechs (CJB.TO) at 12 cents a share
• 180 shares of General Electric (GE) for 11 cents a share
• 2 000 shares of Magindustries Corporation (MAA.V) for 35 cents a share
• 2 000 shares of Shore Gold Inc. (SGF) at 41.5 cents a share
• 3 000 shares of Automodular Corporation (AM.TO) at 19 cents a share

On Monday, I plan on buying about 6 000 shares of Catalyst Paper Corp (CTL.TO) for about 17 cents a share.

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.

On Monday, I bought three American companies off the NASDAQ with my 4 700$

• 2 000 shares of American International Group (AIG) at 1.18
• 1 000 shares of Fannie Mae (FNM) at 78 cents a share
• Freddie Mac (FRE) at 78 cents a share

So far, these three companies have made me 812$ since I bought them on Monday which is amazing, I finished the day yesterday with a net portfolio worth of 27 842.73$ which is great… AIG went up 22% on Monday alone!

I sold one company at a gain and the other at a loss on Friday. I sold 1 200 shares of Bombadier (BBD.B.TO) at 3.40$ a share which I had originally bought 10 days ago at 2.95$ which gave me a net return of 15% or 511$ net profit

One of the first stocks I bought where Sermag (SMG.TO), 10 000 shares at 10.50 cents a share for a total value of 1 069$ but dropped to a penny. Recently though, they shot back up to 6.5 cents a share so I decided to get rid of them before these shares became worthless. I lost 60% on the deal, or 419$ but it could have been much worse if I held onto them much longer so I consider myself lucky.

Buying 5 new companies

On Friday, I also bought a few more shares too

• 8 000 shares of Azure Dynamics Corp (AZD.TO) at 5 cents a share
• 1 800 shares of Amerigo Resources Ltd. (ARG.TO) at 30.5 cents a share
• 2 000 shares of Norbord Inc (NBD.TO)  at 67 cents a share
• 2 500 shares of Homeland Energy Group (HEG.TO) at 21.5 cents a share
• 7 500 shares of Breakwater Resources (BWR.TO) at 9.5 cents a share

I have now grown my portfolio value by 6 000$ from a low of 20K to now, 26K in two weeks time which is fantastic, I learned from Canwest and now things are rolling as they should!

Plans for Monday

I plan on buying some more stuff on Monday as I have 4 700$ to top my portfolio from the profits (losses) I got off my chest on Friday.