New Stock Buys and Portfolio Update

Just a quick short post today as I've been away on a little holiday.

I decided not to to publish any posts as I'm just too bust decompressing and relaxing to hit the computer.

I did manage to buy back into my Guyana Goldfields GUY position and also buy Great Panther Resources GPR.

Gold and Silver seem to be running away with all the market money so why not jump on the train. Today's futures seem to indicate another move higher.

Portfolio Update

CLIQ 1.7%

BTE 7.5%

CPG flat

ERF 2.6%

GPR 3.7%

TGOD 18%

GUY 1%

LMC 8.4%

As you can see stocks are all over the place. I look for areas where stocks are lagging and then are set to move up after forming a base.

Avalanches always start at the top and never in a valley - Bob Moriarity

Look for the valleys.

On another note, I mentioned lumber stocks a little over a week ago.

One of my watchlist picks Canfor Corp CFP has risen 60%.

Did you buy it?

NO. Me neither. Stock popped on news it may be taken private.

So, look in the valleys and what do we find?

Nat gas, uranium and lumber stocks which are starting to move. I was too early on PEY and EFR.

Cut Losers Take Profits

I would be down a further 3.7% hanging on to losers so far. Stocks I sold at a loss and continue to drift lower are; PEY and EFR.

ASM is also lower than my sell price and has not gained it back.

My regret here is that I sold GUY too early. It has it seems started to join the party so I bought it back and I will look for profits sometime in September.

Trading is not for everyone and you could lose everything. Only paly in this sandbox with money you can afford to lose.

I'm up on paper after selling and buying $956.

These values change every day but I continue to like the commodity and weed space to provide some short term Capital Gains.

Stay tuned for another volatile week on world markets. These stocks are not being held for the long term. This is my hobby. What's yours?