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.

Yesterday I sold my 1 500 shares of Denison Mines Corp (DML.TO) for 1.44$ which I bought 11 days ago for 95 cents giving me a net profit of 715$ or 51%. I also sold my 800 shares of Lundin Mining Corp. (LUN.TO) which I bought 14 days ago for 1.49$ for 2.17$ a share, giving me a 44% return or 5.24$. While I was at it, I decided to also sell my 2 000 shares of Norbord Inc (NBD.TO) valued at 90 cents a share which gave me a profit of 441$ (33% return) after buying them 4 days ago for only 67 cents a share.

I finished my tuesday with a net porfolio value of 28 806 which is that much closer to the value of 31K, a doubling of my money in 5 months after initially starting off with only 15.5K.

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.

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!

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)

On Friday, I sold 10 companies that I have had for a while in my portfolio that weren’t doing much of anything, I lost about 20% on 8 of them and made 20% on two others but overall, it’s good to clean-house every once in a while.  There were stocks that I have held onto for the past 4 months  and looking back, I shouldn’t have bought in the first place. The amount I cashed out on was 5 800$ which I am sure I can make some very good returns on in the coming weeks.

I bought Resin Systems (RS.TO) 11 days ago for 17 cents a share and sold my 4 000 shares yesterday for 26.5 cents a share, a return of 54%! This isn’t the first or second time I have made very good returns with Resin Systems but the third! I really like this company, I have 6 other companies that are also doing these kinds of numbers that I enjoy… now… if only Canwest can get its act together so I can offload those shares at a profit!

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