New Stock Purchases and Watchlist Update-Week of June 11-15

Monday 11 June 2018

I took the plunge and bought 300 shares of Aphria (APH) @ $11.75. I'm finally in the Cannabis space here in Canada. The stock opened lower so I set my bid price and it got hit around 10:00 a.m.

It's not sector investing and I'm not targeting weed stocks. It's just that it seems to be where the market action is day in and day out. I just keep watching and looking for opportunity. It is really hard to day trade these stocks and I hate sitting at my computer for any real length of time.

It's a small position in keeping with no more than 4K or less in each stock. I am now at my limit of 5 stocks. 

I have added Torex Gold to the watchist based on today's price and volume moves.

Stock Symbol: TXG
Current Price: $13.10
Purchase Price: $13.02
52 week high/low: $7.29/$26.23
Avg. Volume: 402K
Today's Volume:309K

The stock has the potential to double from here if it reaches it's 52 week high. With the world in chaos and so much nervousness, it is no wonder some of these slow to move gold stocks are starting to wake up.

I always look for a price that is starting to move up after sitting in the penalty box for a period of time. TXG and APH seem to be doing that. These kinds of stocks can turn on a dime and starting heading down in a hurry. You need to be vigilant every day.


Today I added Torex Gold to my holdings after just adding it to the watchlist yesterday. The buy signals for me were just too compelling to not take a punt at this low price.

Today's Closing Price: $13.09
Price Paid: $13.02
52 week High/Low: $7.29/$26.23
Shares Bought: 300
Cost of Transaction: $13.02 X 300 + $9.99 = $3,915 

Up $15 after purchase. Woot Woot!!

Just a small position which is what I like to take, This way my capital is spread around evenly.

TXG is down 41% in the past year
I love these kind of drops as they present great upside potential back up to $26 and reaching it's old high. 

What I have done differently with this purchase is extend my holdings to 6 stocks. I only like to hold 5 positions at a time for a total investment of 20K.

I am looking at trimming ELD as it is not really moving up the way I hoped after buying it. Market action is tepid at best so I might sell it for something else that is moving up. Time will tell and so will the market action. Having said that, it had a good day today and thee is just too much chaos to dump gold shares right now.

If you like fundamentals, here is the skinny on Torex Gold from Google;

"Torex Gold Resources Inc. engages in the exploration, development, and operation of mineral properties. The company explores for gold, silver, and copper deposits. It principally holds a 100% interest in the Morelos Gold property comprising the El Limón Guajes mine and the Media Luna project covering a total area of approximately 29,000 hectares located in the Guerrero Gold Belt in southern Mexico. The company was formerly known as Gleichen Resources Ltd. and changed its name to Torex Gold Resources Inc. in April 2010. Torex Gold Resources Inc. was founded in 1980 and is based in Toronto, Canada."

Technically the stock has just crossed it's 21DMA.

Current Holdings

APH, ELD, EXN, THO, TXG and WDO.

Updated Watchlist

On Monday I start to track PNE, FF and MARI
they have been added to the watchlist still including;

TXG, FIRE, ACB, MUX, KAT, BXE, LTV, NMX

Gambling Portfolio (as of 15 June)

Security	Total Shares	Avg.Price	Book Value	Market Price	Market Value	Gain/Loss %
APH	300	$11.75	$3534.99	$11.77	$3489	1.02
ELD	3000	$1.54	$4629.99	$1.52	$4560	1.3
EXN	2800	$1.40	$3957.49	$1.55	$4060	2.84
THO	600	$6.77	$4071.99	$6.86	$3936	3.10
TXG	300	$13.02	$3915.99	$13.07	$3683	5.45
WDO	2000	$2.29	$4589.99	$2.52	$5080	10.9
Cash			$554.30
Total			25,254.74		24,808	$177
Inception			24,700.44		25,508.00	.72%

Most of the stocks that seem to be rising in price and value are cannabis, gold and some oil stocks. The ones on my watchlist represent the best value based on past prices. Of course that does not mean they will continue to advance.

I also can't buy everything and 6 stocks is a more than I want to own at any one time.

Thursday 14 June 2018

I added a Gold Standard Ventures (GSV)and AcuityAds Holdings (AT.V) to the watchlist at the end of trading yesterday. 

I have been watching GSV for years actually but have never bought it. AT.V is more of a risk but it's in the tech space which has been leading the market higher for a few weeks now. I'll leave it up to you to do more due diligence. 

Watchlist now composed of the following;

GSV, AT, PNE, FF, MARI, LTV, ACB, MUX, FIRE, KAT, BXE and NMX.

You will always have regrets not timing the buy of a stock on your watchlist. The big winner from this list is KAT, which is now up 45% since I put it on the list. 
As of Friday's close 6/9 stocks are in the red. The total portfolio of watched stocks is still up 0.84%. As you can see you don't have to be right that often to make money.

This is why I do this in an open account and NOT a TFSA. I use a non-registered open trading account. Pick who you want it doesn't matter.

My gambling portfolio still holds TXG, APH, THO, EXN, WDO and ELD.
After you pick your horses let them run. Even though 4/6 of my positions are in the red, I am still up 2.8% overall.

Why and how does this happen? 

• You pick no more than 5 stocks. 
• You invest only 4K in each so risk is spread evenly. 
• You only need to pick one winner to make money. 
• WDO so far is the big winner up 15% which raises my gains into positive territory.

This is how you win the stock picking game. Picking stocks is a game and you must follow rules of entry and exit. Selling is where you make the money.

Dropped: NMX, LTV, FIRE and BXE from the watchlist at the end of trading Thursday. Stocks are down but volume is drying up. I see no reason to keep watching them until they start moving up. I need to pare down this list to better candidates.

Added: ERD to the watchlist - break out on strong volume and company specific news. Penny stocks like this tend to run hot very quickly and move away from speculators quickly. I have no interest in chasing stocks that behave like this and will watch for now.

Watchlist: ERD, GSV, AT, PNE, FF, MARI, ACB, MUX and KAT.

Portfolio: TXG, APH, THO, EXN, WDO and ELD

Friday 15 June 2018

Brutal day after the announcement of a new tariff tit for tat with China. Gambling Portfolio lost over 1K just on Friday alone. 4/6 stocks underwater. PF is barely in the green as most of the momentum gets sucked out of market. I don't day trade so I'm not very lucky at the moment with timing. What looks like a breakout on volume is most likely shorts coming in and playing with all the negative news.

Retirement Stocks I Hold

CP, CNR, TRP, BCE, TD, ENB, BMO, BNS, CM, FTS and RY. My RRSP

ETFs I Hold

VFV, TPE, XIC, XAW, ZPR, XQB held separately in 2 retirement accounts.

Mutual Funds

Mawer Balanced Fund (MAW104) in my wife's LIRA for simplicity.

Total Dividends Collected in the Month of May

$561.46

Weekly Summary

I added CP and CNR to my RRSP after selling EMA and NA. I had enough utility and financial exposure and nothing in the industrial space. My RRSP will not be touched for the next 9 years until it is converted to a RRIF. I am happy with the above stocks.

I will leave my wife's portfolio in Couch Potato and Mawer Balanced ETFs/Mutual Funds.

Gambling Portfolio changes regularly.

If you need to find some money to invest you might want to check out this post on the Cashflow Cookbook. for ideas.

We all worry about money. If you struggle and need help organizing your finances in a revolutionary new way then read this.