I started the month with 20 000$ in my account and now three weeks later, I managed to bring that back-up to 23 500$. The big mistake I made was Canwest, otherwise, everything was up and I would be well over 30 000$ right now but lessons learned the hard way are hard to forget. My goal is to be at 30K by the end of next month.

Buying some more stocks

I bought some more companies a few days ago, here is the list

• 1 500 shares at 82 cents of Western Canadian Coal Corp (WTN)
• 1 000 shares of UTS Energy Corp (UTS) at 1.74$ a share
• 4 200 shares of High River Gold Mines (HGR) at 20.5 cents a share
• 1 500 shares at 95 cents a share of Denison Mine Corp (DML)
• 600 additional shares of Bombardier Inc. at 2.95$ a share bringing me to a total of 1 200 shares

All those last buys have a strong balance sheet, high volume and lots of room for growth.

I finally sold all my holding in Canwest, yes, all 20 000 shares! I bought them at 52 cents a share and offloaded them at 29 cents a share… it didn’t feel very good but I learned a lot from this experience so I consider it an expensive education that I will not soon forget. This company just seemed to go from bad to worse with absolutely nothing looking nice.

Buying BBD.B, AVM, LUN and MAL

With the money I made from selling my shares in Canwest, I decided to buy:

• 600 shares of Bombardiet (BBD.B) at 2.95 dollars a share
• 1 000 shares of Anvil Mining (AVM) at 1.05 dollars a share
• 800 shares of Lundin Mining (LUN) at 1.49 dollars a share
• 2 000 shares of Magellan (MAL)

I bought a some stocks based off what I sold earlier in the week with my profits of 1850$.

• 1 200 shares at 41 cents each of Antrim Energy (AEN.TO)
• 4 000 shares of CoalCorp Mining Inc. (CCJ.TO) at 19 cents a share
• 5 000 shares of Taiga Building Products (TBL.TO) at 11 cents a share

On Monday, I bought 4 new companies.

• 1 000 shares of Grande Cache Coal (GCE.TO) at 60 cents a share
• 4 000 shares at 12.5 cents each of Allen-Vanguard Corp (VRS.TO) for the second time, hoping to make a profit from this stock
• 4 000 shares of Resin Systems Inc. (RS.TO) at 17 cents a share, for the third time
• 5 000 shares of Oilexco Inck. (OIL.TO) at 14.5 cents a share

The next day, I had a hundred dollars left in my trading account so I decided to buy 3 600 shares of Haemacure Corp (HAE.TO) for 2.5 cents a share.

February Blues

Considering I almost doubled my money (15K to just shy of 30K) over a six week period, February has been absolutely horrible for me. This month alone, my portfolio lost almost 30% of it’s value! I made a few trades but what is really hurting the most right now is still Canwest, if this stock can turn-around, I will probably sell half the shares if I can get close to what I bought them for several weeks ago and buy some companies that know how to do more than go down! I have a lot of companies I want to invest in but my stock market funds are all tied-up at the moment, I need to sell some stuff to get more but so far, everything is going in the wrong direction… and I don’t sell at a loss. I guess the good news from all this is several months down the road, I am still up an overall 120% on my initial 15K investment though I far prefered my 195% I enjoyed a little over a month ago

Playing the stock market these days is like crossing the Canadian Rockies by foot , it is hard to go up but easy to go down.

Things have been really busy for me for the past month, I haven’t been able to update this site as much as I would have liked as the Stock Market usually has its worst performance in the months of February and September. I have been actively searching for my next gold mine and I think I got it!

Sold my stocks in WNS and RBM

I originally bought 10 000 shares of Warnex Inc. (WNX.TO) for 5 cents a share and sold them a few days ago for 57 cents a share, netting me a profit of 45% over a 30 day period! I also sold my 5 000 shares in Response Biomedical Corp. (RBM.TO) for the second time, bought at 11.5 cents and sold this time around for 16.5 cents a share netting me 40% return on my money in a two week period of time

Horizons Betapro Crude Oil Bull

A friend of mine who was very well-off mentioned this stock to me and when I saw what happened to it, it’s tough not to want to buy a tonne of this companies stock! Just look at this chart!

HORIZONS NYMEX Crude Oil Bull P (Toronto: HOU.TO)

This stock has a 52 week range from upwards of 200$ to now, is available for as little as 4.66$!!! This is crazy considering this company is profitable, has no debts and we all know that crude oil is only going up as time goes bye. This is a huge opportunity, maybe even bigger than Canwest! So, I bought 320 shares of HOU with the money I made from the sale of my WNX.TO and RBM.TO stocks. I wish I had more money to put into this stock but until I make room by selling other stocks at a profit, I will be on the sidelines for a little longer.

Canwest costs me 1 500$!

This Friday was my biggest paper loss ever, I own 20 000 shares of Canwest  and when the stock market lost 2.88%, I lost 7.5 cents a share of this company which wasn’t very fun! I am sure it will bounce back though, so no worries.

On January 26th, I sold 16 companies in the hopes of raising about ten grand to buy some more Canwest Global Communications (CGS.TO). I originally paid a total of 8 654$ for these stocks and sold them for 9 672$ after holding them for between 10 to 25 days. That is an 11.5% return on my money in less than a month! As a result of this transaction, the companies I no longer own are:

• ADS
• AKL
• BSY
• CBM
• CWG
• EIN
• ELR
• ICS
• HRG
• MTM
• ORB
• OSI
• RBM
• RDL
• SGV
• TIO

I have already put in an order for an additional 5 800 shares of Canwest Global Communications and in three days, I will be buying an additional 10K$ in Canwest as well. I really believe heavily in this stock, it’s very undervalued and I look forward to riding the wave upwards!

Buzvia: Canwest Global Communications

On January 23rd, I bought 2 000 shares of Canwest Global Communications (CGS.TO) at 52 cents a share.

Canwest Global Communications (CGS.TO) seems like an amazing buying opportunity!

I believe that over the next few months, Canwest Global Communications (CGS.TO) will go over a dollar a share. My plan is to sell half of my stocks and make half of my holdings be of this company.

About Canwest Global Communications

Canwest Global Communications (CGS.TO) is a Canadian media conglomerate with interests in television, newspapers, and the Internet.

Buzvia: Canwest Global Communications

Looking at the stock market over the past, the incoming of a new American president, for some reason, causes the stock market to drop. I didn’t know about this but I am unconcerned as it’s just a waiting game till they come back. The result of not knowing? I lost 1362$ today in my portfolio. I was just shy of hitting 30 000 but now I just have to be patient and sell a bunch of stock in the coming days as the stock market gets over it’s shock. As I mentioned earlier, losses don’t count unless I sell, which I haven’t so this means very little to me.

Thank you Resin Systems Inc. (RS.TO) for a 77% return in 13 trading days!

77% gain, netting me an easy 600$ profit in 13 trading days!

I had bought 5 000 shares of Resin Systems Inc. on December 31st, 2008 for 14.5 cents a share (725$) and sold them today at 26.5 cents a share (1325$), netting me a 77%  or 600$ return on my initial investment. The first time I bought and sold this company I made 47% return in 5 days so this is a stock that I watch very closely.

About Resin Systems Inc.

Resin Systems Inc. focuses on creating new composite materials using wood, steel and concrete for their recipes. They initially launched in order to produce a composite electricity pole which, 3 years later, they received their first order for. They are based out of Calgary, Alberta.

Buzvia: Resin Systems Inc.

There is a big reason why I don’t get stocks in venture based companies, mostly because they are great money pits with the long-shot promises of untold wealth. They don’t actually produce anything, they make money by getting money from others, spending it on other companies and hoping for a return… which, even if there is none, still manage to turn a profit which just doesn’t amount to much in my opinion. I am trying to get very large returns in a short period of time, long small returns over a long period of time.

If you decide to go into venture based companies, do it when they are very young and full of speculation or marketing buzz, that is when you will make double or triple returns on your investments. The instant they start to stabilize, get out and invest your money elsewhere.

Buying some CRU

I had 250$ left in my portfolio to make some purchases before I need to sell some stock once Obama comes into office, so I decided to buy 2 500 shares of Crew Gold Corporation (CRU.TO) at 8 cents a share, it may be a long shot but I don’t mind gambling when the odds seem in my favor based on the extensive research I do before any buying opportunity presents itself to me.

This company's stock seems ready to grow again!

CRU is an international mining company with 3 prospective sites, like StrataGold Corporation which, last week, went nuts then did nothing after a huge find which still mystifies me to this day.

Things so far

I now have 45 companies in my portfolio and am getting anxious to solidify some very good gains some of them have done once the inauguration is finished. I figure there will be 4-6 stocks that will be ripe by then and sold to finally get over the 30K hump from my initial 15K investment about two months ago.

Future Goals

My goal now is to own around 75 companies so every week, 4-5 can be sold at a hefty profit while the others slowly regain the stream they lost due to the recession and economic crisis that has been occurring over the past few years.

Like I wrote earlier, this is THE TIME to profit in the stock market!

Buzvia: Crew Gold Corporation, StrataGold Corporation

• 7 000 shares of  Delta Uranium Inc (DUR.TO) at .10 cents
• 10 000  shares of Call Genie (GNE.TO )  at .07 cents
• 5 000 shares of Railpower Technologies (P.TO)  at .13 cents
• 20 000 shares of Stratagold Corporation (SGV.TO)  at .04 cents