Monday Market Mania and News of the Day

I blog about what I do and not what I think you should do. That especially goes for buying and selling stocks to generate capital gains.

I own stocks in my retirement account that I will never sell. I focus on income and own those stocks for their growing income. In my RRSP I own;

BMO, BNS, BCE, CM, CNR, CP, ENB, FTS, RY, TD, TRP, TPE and VFV.

That is 100% equity all stock/ETF portfolio. Once again NOT for everybody. I get that. I have lots of pension income which I consider my fixed income portion of investing, even though it's all indexed and grows every year and NOT really fixed.

That is why and the main reason I am 100% equities. Once again, not for everybody and not a recommendation for you to construct your investments the same way. I leave this PF pretty much alone and just let it do it's work. I may revisit my exposure to the Euro zone via TPE because it just seems so volatile with tariffs and Brexit. This is not really a place I'm comfortable with for my retirement money. We'll see going forward.

In a recent G&M article the Yield Hog, John Heinzl talks about investing in HMMJ. That's a pot ETF by Horizons. Only one company pays a dividend and he doesn't mention the cost of ownership. The only pot stock I own is APH which is up 8.1% after taking a 3% hit on Friday. Very volatile and I have no idea how long I'll own it. It's part of my gambling portfoio. Most of HMMJ is ACB & WEED so just buy one and go for a ride. ACB is on my watchlist of stocks and up 12% since I added it.

I would never buy the ETF. Just too much junk inside. I think this is an area where you need to pick stocks based on market action and nothing else. Have an exit strategy and recognize your losses immediately if you're wrong on the timing. Lock in gains when you can. 

There appears to be a lot of new money moving into this area. You can make money here in a short period of time by just watching the tape and ignoring everything else.

Watchlist Update

Deleted - MARI

Added - ALO and PONY 

Now watching a total of 8 stocks. Are they all buys? Not yet waiting for more positive strength to the upside but all these latest additions spiked up on unusually high volume on Friday. Money has moved in on the buy side but we'll see if it lasts.

If it seems like all the money is moving to gold/silver commodity stocks it's because it is. Weed stocks is another area that has been beaten down so stocks seem to be rising ahead of changing laws here in the Great White North.

I don't question why this is happening or what the cause is. I simply look for strength in price reversals on unusually higher than average trading volume. 

I don't care about fundamentals, balance sheets, ROE, yield, debt levels or cash flow. I only care and choose those stocks trading at least 50% off their 52 week high and are now starting to move up on higher volume.

Due to all the negative news on global markets at the open I decided to lock in some of my gains to protect capital.

SOLD WDO 2000 shares @ $2.99
Bought for $2.29 on 25 May
Profit = $1400 (30.5%)

SOLD EXN 2800 shares @ $1.50
Bought for $1.41 on 29 May
Profit = $252 (6.3%)

TOTAL PROFIT = $1632.02 after trading costs

Subtracting my previously booked losses dated on 21 June
$1632.02 - $124.92 - $234 

= $1273.10

Gambling Portfolio

Still Holding GSV, APH and THO. Holdings up collectively 1.5%.

After the selling my cash position is now $10,180.

Total Market Value of Portfolio = $21,902

I will continue to look for trades and an opportunity to buy more stocks with my cash position.

Related Post: Stock Purchases

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