It seems to have taken an awful long time, but  finally Goldcorp is going up.

The order I put in is now up 27.31%


I'm happy; but you know what? I think original rule of waiting to see a 5% upturn before buying really is valid. For about a month I've been on edge wondering if I did something smart or stupid.

For the cost of 5% upside or 0% downside I could see if the trend was up or down. I could see if I was making a smart or stupid move.


So, again, I guess I need to slightly revamp my rules for trading. Waiting to see at least a 5% upturn before buying is in general, a good idea; always. Same for selling on a 5% drop.

There was a huge downturn on the markets yesterday. Goldcorp was down to $25.05 and I just could not resist buying. I put in an order and got some for $25.07.


So, I guess I need to slightly revamp my rules for trading.  Waiting to see  5% upturn before buying in general, but not always. Same for selling on a 5% drop.

Rules. They are like women; can't live with them, can't live without them.

"The best-laid schemes o' mice an' men
Gang aft agley,"

I was going to buy some apple and Boeing, but my father, who is 92, wants to buy an apartment, doesn't have quite enough money for the down payment, and asked if could lend him some money.

So, Apple and Boeing will need to wait.

Things are looking pretty good. I really should have considered selling TRP, because it has dropped 6.03%, but I was away last week, and I don't want to be too jumpy, too trigger happy.

Gold stocks:
This week [Monday June 3, 2013]
Description               symbol  Unrealized gain/loss %
BARRICK GOLD       ABX          +18.03%
GOLDCORP NEW          G  +4.23%
YAMANA GOLD        YRI  +0.08%
Last week
Name                       Symbol             gain/loss %
BARRICK                   ABX             +2.50%  
GOLDCORP                    G               -9.67%
YAMANA                    YRI             -12.79%

My energy related stocks:
This week [Monday June 3, 2013]
Description               symbol  Unrealized gain/loss %
TRANSCDA                TRP           +9.91%
CENOVUS                   CVE          +4.64%
Last week
Description               symbol    Unrealized gain/loss %

CENOVUS                   CVE          +4.53%
TRANSCDA                TRP          +15.94%

I'm looking at Apple and Boeing.

     Apple [AAPL] is $450.72 up (0.22%) today. Its  52 week range is  385.10 - 705.07. Its P/E is 10.76

     Boeing (NYSE:BA) is $100.74 up (1.74%) today. Its  52 week range is  66.82 - 101.47. Its P/E is 18.89.

Actually Apple looks more attractive to me [lower p/e, not near 52 week high], however Boeing has a stronger upward trend. Boeing has a new cutting edge product [the dreamliner] while Apple still has the same products. I don't know; I think I've got to buy both.

This post is actually for May 20th.

Things are looking pretty bad for my my Gold stocks. Everything is down, and significantly down. If I followed my rules closely I would have sold everything almost as soon as I bought it. I just can't though. I may have bought too soon, but I just know they are going to go up. I just know, so I'm hanging on.

This week

Name                Symbol             gain/loss %
BARRICK        - ABX                 +2.50%
GOLDCORP    - G                          -9.67%
YAMANA        - YRI                    -12.79%


Last week
Name                Symbol            gain/loss %
BARRICK         - ABX                +10.19%
GOLDCORP     - G                        +0.19%
YAMANA         - YRI                     -4.07%



My energy and pipeline stocks are doing quite well however.

This week

CENOVUS       - CVE                    +4.53%

TRANSCDA     - TRP                  +15.94%


Last week
Name                Symbol            gain/loss %
CENOVUS        - CVE                   +1.16%
TRANSCDA     - TRP                  +13.55%

My Gold stocks are showing a mixed performance. Barrick is up nicely, but Goldcorp is more or less flat, while Yamana flirts with my sell position.

This week
Name                Symbol            gain/loss %
BARRICK         - ABX                +10.19%
GOLDCORP     - G                        +0.19%
YAMANA         - YRI                     -4.07%

At Last Posting
Name/symbol                             gain/loss %
BARRICK GOLD - ABX  +2.50%
GOLDCORP NEW - G  +2.16%
YAMANA GOLD - YRI  +2.28%

I really should sell Yamana Gold since from its recent high to where it is now is actually a drop of 6.35%. I'm not selling it yet, but I definitely am watching it.

I bought some Cenovus recently, which really hasn't done anything, but it is moving on the right side. Give it time.

Trans Canada Pipeline, while still up, is down 2% from last posting.

This week
Name                Symbol            gain/loss %
CENOVUS        - CVE                   +1.16%
TRANSCDA     - TRP                  +13.55%

At Last Posting
Name/symbol                             gain/loss %
TRANSCDA CORP - TRP  +15.55%

Another day later and my gold stock investment is on the positive side. Whew!

Name/symbol                             increase/decrease
BARRICK GOLD - ABX  +2.50%
GOLDCORP NEW - G  +2.16%
YAMANA GOLD - YRI  +2.28%


I forgot to mention, I bought some Trans Canada Pipeline some time ago. It has done fairly well and pays a small dividend.

Name/symbol                             increase/decrease
TRANSCDA CORP - TRP  +15.55%

Now I've just got to watch everything. Its funny, but that is not as easy to do as you think. I'm going to try and do a weekly review every Monday morning. Now that I've bought these stocks, what I am watching out for is a 5% drop in a stock. That is my sell signal.

Since my last post I did gather a little bit of money and bought a few bank stocks; specifically Bank of Montreal and Royal Bank. They have both done quite well. I wish I had bought more.

Name/symbol          increase/decrease
BMO - BMO           +16.12%
RBC - RY               +19.27%


Then Monday [2013/04/22] I saw the big drop in Gold and thought "What a buying opportunity!". I borrowed some money, loaded up my TFSA and waited to buy some gold company stock. I was a little to anxious.

As we approached the market close, Golcorp, Yamana gold, and Barrick had turned from their downward trend but were only up 2 ~ 3% from their lows. I wanted to buy, I didn't want to miss my chance,  I didn't want to miss the market close, so I put in a buy order for all three. The orders filled just before market close. It is good I got what I wanted, but in my panic I didn't follow one of my basic rules; don't buy until you see at least a 5% increase.

But if you know, you know. If you are right, you are right; right?

Here are my gold stocks the next day;

Name/symbol                                  increase/decrease
BARRICK GOLD - ABX  -3.20%
GOLDCORP NEW - G  -3.35%
YAMANA GOLD - YRI                -3.50%

I think these stocks will eventually recover and go up, but it just goes to show, you never really know what a stock will do. You must let it show you. You must see a solid upward trend before buying. You must be calm, cool, and collected.

Now, I have just got to follow my other rule; sell if you see a solid downward trend.

In early January I made another large sale of stock and made another large lump sum payment on my mortgage. It is not quite paid off but will be in a little over a year. It feels good.

I am still watching the markets, but haven't done anything. I am slowly gathering a little cash and am going to max out my TFSA and my wife's.