About five weeks ago I picked up SNAP for a short term trade. I wrote about it here . I made a few mistakes with this trade. Mistakes I had bought the stock at $17 per share and had watched it run up to almost $18 – choosing not to sell at this point. Greed can at times mess up short term positions. At that time I didn’t realize a key event that was on the horizon for SNAP. The…
Earlier this week I had opened a long position in Katanga Mining (KAT.TO) for a short term trade. Some earlier posts about KAT.TO . Today, I had sold my position for a 2.5% gain. If I had set my sell target just a bit higher I could have made a 5% gain. However, KAT.TO didn’t behave as I had expected – wrote about my expectations earlier in this post . I am human so I do feel bad that I…
I had a short term position in Katanga Mining Limited (KAT.TO) and I was expecting a boost for this stock based on Tesla’s results. Cobalt is a metal used in electric cars similar to Lithium . Unfortunately for me I didn’t see any sort of gains for KAT.TO correlating to Tesla’s results. I did see a 7% gain in Lithium stocks – in both LAC.TO / LACDF and PE . I own a small position in PE and I just…
I hold many long term positions – I also enjoy doing short term trades. It keeps me engaged . One of the stocks I currently own for a short term trade is Katanga Mining Limied ( KAT.TO ) . I first heard of this company from BNN. At that time I wrote about it and saved it as a ticker I need to do more research on. From the actions I have outlined in that post I have only done one…
On June 26th 2017 I had bought 11 739 stocks of Lithium Americas ( LAC.TO) for a price of 0.92 cents. For a month and a week I have watched this sock take a beating. I even wrote about the day that this stock dropped 15% in the markets. I held onto the stock through the drop. It is always emotionally draining to watch a position you hold lose money. Sometimes you have to make a hard call to cut…
I am placing a sell order for my Lululemon ( LULU ) position. I bought 145 stocks for $51.07 and currently the stock is trading at $61.94 for a return of 20% ! Part of the reason the stock has gone up is due to buyout rumors. The company will be releasing its quarterly earnings reports this Thursday . I prefer not to hold stock positions through earnings report releases – In the past I have suffered some heavy losses…
There are many ways to invest in commodities such as gold, oil, copper etc. One of the ways I invest in commodities is through the companies that mine the commodity . In the past I have invested in companies related to gold and oil, and currently I hold a position in a Lithium mining company. I came across a Cobalt company recommendation on BNN – Katanga Mining Limited. This was recommended by Michael Smedley, chief investment officer at Morgan Meighen &…
Many of our North American Stock Indexes are currently at an all time high. If you are like me you may be worried about the next big crash in the markets. As such I am currently focused on having a portion of my portfolio in defensive stocks ! In this mind frame, when I came across Jason Del Vicario’s recent top picks on BNN it resonated with me. He recommended : Dollarama DOL.TO – people will continue to shop here…
Short Term Trade in – LAC.TO ( LACDF) Earlier last week I had invested in Lithium Americas Corp which trades on the TSX ( Toronto Market) as LAC.TO and as LACDF on OTCQX ( US Market) . This was one of my short term speculative trades. I have purchased it at $.92 CAD, and have watched the stock fall to $.78 CAD . The biggest drop came today at $.10 CAD per share. I have previously invested in this company…
I bought Lululemon stock when it took a beating after its earning reports in end of March of 2017. See my rational behind buying the stock . I bought 145 stocks for $51.07 and currently the stock is trading at $59.10. That is a 15.7% return in three months. Which to me is a decent return for one of my trades for that time frame ! I was planning to hold on to it for longer – because I believed…