I didn’t perform day trading on Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) today. It’s not anytime soon that I will be winning the day trading game. At this point, the hot stock market is all upside down. Performing some trades in the hope to sell on the exact same day is a real bad idea. It barely made any sense at all. However, I did proceed with 2 investment moves today in my personal investment portfolio: Chorus Aviation Inc. (CHR.B) and First Majestic Silver Corp (FR).
A reader had introduced me to Chorus Aviation Inc. (CHR.B) a little while back. It caught my attention again today while gaining close to 5%, closing the session at 3.35$. Chorus Aviation Inc. (CHR.B) had reported a good financial situation for 2011. It’s partly why I decided to invest in CHR.B. Also, Chorus Aviation Inc. (CHR.B) is based in Halifax it’s a Maritime stock. I invested about 500$ on this one, not more. I wouldn’t feel comfortable investing more. The title is a bit volatile, but at 3.35$, I didn’t have anything to lose. CHR.B pays a quarterly dividend. Its dividend yield is of 18.692%, 0.60$ annually per share. This makes me kind of remember Yellow Media Inc. (YLO), low stock price, super value dividend stocks. However, CHR.B is in much better shape than YLO. I wouldn’t recommend to anyone to invest thousands of dollars in CHR.B, but just a 500$, it’s cool, you can certainly go ahead with a cutty 500$ investment, but not more. I plan to keep CHR.B in my personal investment portfolio.
Also today... ok, I must admit I did try to perform day trading tactics today, but not on HZD, on one of my favorite of all time: First Majestic Silver Corp (FR). I invested in a few shares at 18.40$, I was hoping for FR to hit the 19$ today... but as the hours passed by, I was getting tired, so I just entered an automatic sell order at 19$, and that was it. Following what, I will be done with day trading. But this time, it’s for real. I did say before that I wouldn’t be performing day trading again... and today well, I went back to it. It’s a real good thing that I didn’t invest in HZD today because I think FR is a better short-term investment company choice than HZD. Anyway, this was the real last day trading move like ever.
If the bankers can have good words for the global market conditions tomorrow, the TSX could gain points and I may be able to sell my FR at 19$ and, why not, 20$ per stock... Why not. I want this done and completed.
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