The Toronto Venture Exchange prince is doing it again: DNI Metals (DNI) reached 39 cents per stock

Please, DNI Metals (DNI), don’t stop the party!

Yep, the Toronto Venture Exchange prince is doing it again! DNI Metals (DNI) reached 39 cents per stock and that’s happen just NOW! If I would be selling my holding in DNI Metals (DNI), I will be cashing in a 400$ profit! Having DNI reached 26 cents per stock had been spectacular. Having it at 35 cents took my breath away and having it at 39 cents well... unexplainable. But that’s nothing.

Lately, a lot had been said on DNI Metals (DNI) and I am very sure DNI is full of potential and once the potential reveal, DNI will probably go much much higher. Not bad for a 2009 initial investment of even less then 800$.

In other words: I am seriously kicking some a :0)

My strong stock holdings make it possible: margin account management for dummies

My non registered investment portfolio is down to 117 000$, which hurt of course. But at this point, I still have 68% of my margin account money available once I transfer the 5 000$ amount of my TD credit line to my margin account. I just complete one of those transfers as for now, from my TD credit line to my broker margin account. Following the market closing session, I will transfer again the money from my margin to my credit line, in order to avoid the close to 9% interest rate of the credit line...

I could go through a rough market day without doing such transfer. Never say never, but I don’t think I will ever get a margin call, for the good reason that my non registered portfolio is too complex for that, in the sense that it’s quite diversify. I own very strong holding that’s able to support easily the margin account.

Here are the companies that figure among my very strong investment holding. In this illustration, I am using the data collected on May 20, 2011:

Bank of Nova Scotia (BNS): 6 258.43$
Methanex Corporation (MX): 3 077.64$
Fortis (FTS): 3 560.96$
Pembina Pipeline Corporation (PPL): 10 447.29$
Just Energy Group Inc. (JE): 9 655$
Pengrowth Energy Corporation (PGF): 2 812.20$
Enbridge Income Fund Holdings Inc. (ENF): 6 093.75$
Corby Distilleries Limited (CDL.A): 1 720.10$
Davis + Henderson Corporation (DH): 4 149.36$
Premium Brands Holdings Corporation (PBH): 6 972$
EnCana Corporation (ECA): 6 585.20$
iShares S&P/TSX Capped REIT Index (XRE): 2 320.78$
Canfor Pulp Products Inc. (CFX): 1 874.76$
Capital Power Income L.P. (CPA.UN): 1 919$
Exchange Income Corporation (EIF): 7 157.40$
Student Transportation (STB): 1 373.60$
TMX Group Inc. (X): 4 450.06$
Data Group Income Fund (DGI.UN): 3 991$
K-Bro Linen Inc. (KBL): 2 235$
Westshore Terminals Invest Corp (WTE.UN): 5 020$
WesternOne Equity Income Fund (WEQ.UN): 2 280$
Atlantic Power Corp (ATP): 1 473$

TOTAL: 95 426.53$

In a perfect world (or in a perfect portfolio :)))), all of the stocks that I hold would be strong holder, but it’s not the case. My Sprott Inc. (SII) investment does not appear among my strong holding. I had invested in Sprott Inc. (SII) since 2008. I had experimented SII volatility and for that reason, they don’t appear in my strong holding. In the last couple years, the SII stock value went from 10$ to less than 5$, and then to 9.96$ it’s highest for the last 52 weeks to the current less than 9$... That’s what I call extreme volatility but I cannot help it, I like Sprott Inc. (SII), their special dividend for 2010 had been awesome and SII is a box full of surprises...

On May 20, 2011, the 100% of my non registered portfolio worth 119 724.08$. More than 79% of my portfolio is invested in what I consider as being my strong holders. That’s how I had been able to manage my margin account usage. If my margin account exists, it’s partly because of those strong holding. No matter how bad the stock market can be, my strong holdings are able to support to volatility without too much trouble. Of course, I realize that 79% of strong holding is not 100%. For that reason, I monitor my portfolio on a daily basis. Also, I plan to sell my stocks of TMX Group Inc. (X) as soon as their situation will be stabilized. A sell and profit made on X will help to significantly decrease the margin usage.

It’s unfortunate, but the situation in Europe is what made things a bit more complicated for small investors using margin account. The insecurity in Europe brings volatility to the stock market and it’s not the ideal situation for margin account users. Despite the difficulties, I am confident I will be able to survive to another stock market crash. But this involve from my part a couple of things: the discipline of not trading for a little while, looking forward to sell at profit Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) and Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) in the immediate and later on, to sell TMX Group Inc. (X) and First Majestic Silver Corp (FR). Following the payment of all my living expenses for the month of June, I have a 930$ left available and the payment will go on my margin. This will bring the section of my margin account money that is not in use to 69%. Not too bad.

Also, another thing I forgot to add to this is that I may be looking forward to sell part of my investment hold in Sprott Inc. (SII) – about half of it – and reinvested the same money in something strong, like TransCanada Corporation (TRP) and something else. At this time, I don’t think it will be anytime soon that I will be able to sell at profit some of my Sprott Inc. (SII) stocks. However, no drama, Sprott Inc. (SII) has announced lately a 3 cents dividend that will be paid by the end of June. Nice! This is of course part of Sprott regular quarterly dividend (like 30$, yeah!).

I am amaze by my ability to save money. Lately has been even better because I really ground myself on not buying food outside. I eat before going out and bring my lunch to work and a snack. The only thing I buy is a Second Cup coffee on my way to work. I cheat a couple of times of course outside the Second Cup coffee, but the money spend was quite low. And despite everything, I am satisfied with my investment portfolio.

I said I regret my day trading activities previously – that’s how I got stuck with Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) and Horizons BetaPro COMEX Silver Bear Plus ETF (HZD). Some commentators had been obsessed by it (or by me? lol), saying I should sell HOD and HZD like right now, without cashing any profit. Well, those commentators can simply GO TO HELL.... lol... It’s not a good advice to say ok, you have this and this in your portfolio, you mess up young lady with your day trading, now pay, sell and lose money. Yeah yeah yeah. So far for 2011, the only elements I sell and loss on it was Superior Propane Corp (SPB) (the title was way too volatile for me despite being hold by the mountain lion hero) and Yellow Media Inc. (YLO). When it come to Yellow Media Inc. (YLO), I did not lose the original money coming out of my pocket, just around 300$ from what got reinvested in a DRIP. And when it come to SPB, I lost around 300$ in real f money. Those lost are nothing considering who my strong holdings are. A 600$ lost over a 160 000$ portfolio is nothing at all. I decided to bring in HOD and HZD in my portfolio, and I am the one who will decide when to sell and I will see those 2 at profit ONLY. That might be hard to accept for some readers, but that’s how it works around here on the Dividend Girl Blog.

Get to know what you want. I want money. I think that part is clear, at least.

DNI Metals Inc. (DNI) pushing it to the top: DNI closed June 2, 2011 session at 35 cents

This June 2011, I am celebrating my 2 years as investor of DNI Metals Inc. (DNI) and I could not be happier. DNI Metals Inc. (DNI) is seriously kicking in some wonderful profit. The new prince of Toronto Venture may be able to go even higher once new development related to its operations in Alberta will be made.

I could cash in a profit of more than 300$ if I sell now, but holding is better for now, no matter how fat I am on the margin. As long as I can, I will hold DNI as all the other that I am holding for now in my portfolio.

Looking good for TMX Group Inc. (X), who almost closed at 45$. I am making serious good profit here too, but I am willing to hold. I could possibly sell those X stocks at 48$. When time comes, I will be selling and making a good amount of cash that will stay and remain on the margin. It’s just a matter of when and it could happen following June 20, X meeting regarding the merger of equals. Of course, I will vote against the London Stock Exchange merger of equals. With me, Xavier Rolet can say goodbye to his merger project.

Interesting development for Blue Note Mining Inc. (BNT)

I had been a shareholder of Blue Note Mining Inc. (BNT) for quite sometimes, maybe 2 years now. I first invested in Blue Note Mining Inc. (BNT) because of the company activities in the best Canadian province, New Brunswick! New Brunswick is full of possibilities in term of mining and it’s too bad that the northern part of New Brunswick has to rely on a Quebec company to develop its full potential. Mining development in the area of Bathurst had been extremely slow. Blue Note does not seem to have the leadership it takes to drive New Brunswick to the top of the mining industry. Overall, Blue Note Mining Inc. (BNT) activities in New Brunswick had been a major deception.

My initial 689$ investment in Blue Note Mining Inc. (BNT) currently worth 32$. I am still holding on date of today for different reasons. I know for sure that New Brunswick has good mining possibilities. Also, Blue Note Mining Inc. (BNT) is working in development near Val-D’Or – an area well known for its mines of gold, among other. I think there might be good potential there, but profit won’t come overnight. Just like it’s been the case with DNI.

Blue Note Mining Inc. (BNT) recently name Stephane Dubois as Vice President, Operations. We’ll have to see if Dubois can deliver or not. Blue Note Mining Inc. (BNT) has its headquarters in Montreal. That is not of any help. The headquarters should be either in New Brunswick or in Val-D’Or area, at least in a place where the management team can focus more on their job and be more efficient.

This being said, Blue Note Mining Inc. (BNT) has problem to go back on track, but I am holding it knowing the mining possibilities of New Brunswick. It’s the only reason.

Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) and Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) are up again

This is the kind of things I knew because the stock market is very volatile. Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) is currently at 6.18$ and Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) at 5.94$. Both titles are gaining, but not enough for me to sell them at profit. But I have to say, I really needed something like this to happen to calm myself on day trading. I should had known better, but the temptation of making quick gain out of day trading had been too much for me to handle. But I am proud to say that I actually made money from day trading. I previously explain how I was doing day trading in a previous post.

My way of doing the day trading was more or less safe. There’s actually nothing safe when trading stocks online. But what you can actually do if, like me, your interesting at adding in your cash flow, is to invest in commodities and stock who pay dividend, who are quality holding and that you see holding for a long time.

The idea would be to invest in quality titles, like example TransCanada Corporation (TRP). Purchase some stocks and sell later when a profit could be made. But this won’t exactly be day trading because in the vast majority of cases, you probably won’t be able to sell on the same day. If possible, you sell on the same day you buy and cash in a profit and if not, well, you don’t have very much to worry about, because you have invest in a quality title. This is probably what I will be doing in the future. I won’t stupidly be running on one big day shoot deal anymore. Day trading had been fun most part of it, but when I got stock with HOD and HZD, I didn’t find the experience very fun. Most part of doing day trade burns me totally and it took all my energy out of me. I felt like a zombie, and my experience with day trading did not even last a month lol...

Anyhow, it’s been more or less of a painful experience, but when gains could be made, I was in heaven. But with the hot summer coming in (today is a beautiful day in Montreal), I may want to find time to enjoy the weather until I can. Because see, I am currently on a standby. I am waiting for my vacations to be approved. I would like the last 2 weeks of July. For a reason or another, that’s usually the time where I take my vacations. I like the last 2 weeks of July. It’s a month before my birthday too.

If my vacations got approved, I won’t be doing much that what I am doing now. But if I got refused, I will try to find a job during daytime. This could help to decrease my margin account usage. I would be working during daytime, in the evening and on the weekend for a little while. I did it before; I am the best at burning myself, but on a realistic way. As long sleep 7 hours per night, I will be all fine. If my vacations got approved, I won’t bother searching for a daytime job as it could probably be complicated to get time off at 3 places at the same time...

But sincerely, I am mostly interested at following my investment portfolio than thinking about getting another job. Currently, TMX Group Inc. (X) is at 45$ per stock! I could sell and cash in a good profit. But I really want to hold and see what’s going to happen. On June 20, 2011, shareholders of TMX like myself will vote regarding the merger of equals. So that will be interesting and I want to be in, that the deal go through or not. I will vote against the merger because I don’t want the Canadian market to rely or depend on French foreign authorities. I find Stephen Harper really weak for not interference more on this. And first of all, why the TMX Group Inc. (X) is looking to sell itself anyway? What’s going on? I am pretty sure it’s the fault of Xavier Rolet who might have bought the management team of the TMX Group Inc. (X). And now, Canadians have to deal with a lot of shit. It’s getting ugly. And I feel unsecured with the merger. For some, it’s just about a stock exchange platform getting bigger with the fusion of Toronto and London. But in reality, it’s much more than that. With the merger of equals, the Toronto Stock Exchange will have as CEO Xavier Rolet. I don’t have anything against the man, it’s just I won’t want to get any French shit. I think that’s pretty easy to understand. France has nothing to do with the economic success of Canada. That needs to be clear. Canadian interests have to stay away from France, a country who never been successful itself economically.

Europe is a financial misery. Canada should stay away from European management. That’s really all. I have the right to express myself on what I think is good or bad for my country. Because don’t rely on Stephen Harper or any other government little authorities to defend the interests of glorious Canadians.

Get out of the way Xavier Rolet!

Toronto Venture latest superstar DNI Metals (DNI) realized a 30.77% gain on May 31, 2011

I said it before; I had been patiently holding DNI Metals (DNI) since June 2009. This month of June 2011 just kicking in now, I am now celebrating my 2 years investment with DNI Metals (DNI). At first, I wanted to make quick money out of DNI Metals (DNI). Unfortunately, DNI never gained in value. Well, not exactly as quickly as I first taught. But my patience paid off today.

On May 21, 2011, DNI Metals (DNI) realized a fantastic 30.77% gain on the Toronto Venture. If I would had sell my stocks today, I would had made a profit of a bit more than 300$, after commission. That’s good, but I did not sell my stocks of DNI Metals (DNI) today and I won’t be selling until a very extraordinary profit come. Remember, I hold DNI in my TFSA. This means that when I will be selling DNI, the profit made will be free of taxes...

DNI Metals (DNI) made great gain today without any specific reason. Today, DNI did not come with some news regarding their drilling activities in Alberta. So what happen? Why DNI is suddenly gaining value like this?

Well, it’s because DNI Metals (DNI) had been named in a popular newsletter and some of our US friends had been purchasing, purchasing and purchasing DNI. YEAH!

Ok, so this is the kind of consideration DNI is getting in the US from an investor newsletter. Nice! But can you simply imagine what will happen when DNI will actually come with good news regarding their diamond mine in Ontario or their nickel drilling in Alberta? It’s going to be huge! DNI is simply going to explode in profit! It’s not time to sell DNI now.

It would be nice to cash in a profit of 300$ now, but who knows what DNI is up to? For that good reason, I preferred to hold and see where the adventure with DNI will be like in the upcoming weeks. Stay tune. You can learn more about DNI right here.

Fortis (FTS) is taking care of business the right way, welcome to Central Vermont Public Service

Today is an historic day for Fortis (FTS). I had been lucky enough to invest in Fortis (FTS) while its stock value was at 27$. That was back in what I think was 2009. Lucky because it’s not anytime soon that you’ll see Fortis (FTS) at 27$ per stock. That may never happen again actually. Sometime, I can be very very smart.

Here come today the fantastic Fortis (FTS), the proud of the Canadian nation, the Maritimes province and of course, Newfoundland, Fortis (FTS) today made an historic acquisition that is going to drive Fortis on top of  the world. For the first time ever, Fortis (FTS) is going to deliver in the USA. Fortis (FTS) had buy a US company, Central Vermont Public Service for 700$ US million.

Hydro-Québec had tried to buy Central Vermont Public Service but of course, just like it did for NB Power, Hydro-Québec failed and did not win the deal.

Now, Central Vermont Public Service is the exclusive property of Fortis (FTS). Fortis (FTS) will have a lot of work in the upcoming weeks. By buying Central Vermont Public Service, Fortis (FTS) also acquired 230 million US debt of the Central. But as you know, there’s nothing much Fortis (FTS) can’t manage.

Once again, Fortis (FTS) is pushing it right to the top. Go baby go :0)

Need a line of credit? Why you should stay away from BMO Bank of Montreal

I have this 5 000$ line of credit with BMO Bank of Montreal. The line of credit came with a MasterCard banking card. I of course used up all of the 5 000$ for investment purposes. Imagine, my interest rate is only of 4.5%. I got this line of credit while working at BMO Bank of Montreal while working at their Montreal messy call center. Whatever I can get at a low interest rate I take it and use it. Everything is pack in my non registered portfolio, you know that. And I have a good feeling that I might finish the day at 170 000$ or close by in asset. It’s something I will try to figure out tonight when I come back to work.

This being said, I have a good feeling about my investment portfolio, but I don’t have the same good feeling when it comes to BMO Bank of Montreal. As a poorly manage financial institution, maybe the worst in North America, BMO Bank of Montreal manage its line of credit product like if it was a MasterCard credit card. Whenever you withdraw from the 5 000$ that already been used, you pay the monstrous interest rate of 19.5%.

Here’s an example: I had borrowed 5 000$ at 4.5%. The money had been used a long time ago. On each month, BMO Bank of Montreal request the minimum payment of 100$ of that line of credit. Ok, no problem, I can manage a minimum payment of 100$. But where it’s going nasty is over here: the interest rate on the amount you withdraw from the minimum payment is being charge like a cash advance. And for a cash advance with a line of credit, the interest rate is of 19.5%. This is truly disgusting. Knowing that BMO Bank of Montreal request a minimum payment that exceed the interest paid on the loan, user should be able to withdraw from the exceeding payment at the same rate as for the line of credit, 4.5% in my case. See, Bank of Montreal does not worth it.

TD Canada Trust and RBC Royal Bank don’t have such a bad credit line system. With TD Canada Trust, I can withdraw, and the money withdraw is being charge at the same interest rate as for the line of credit. No hassle. With RBC Royal Bank, it’s even better, for their line of credit, I only pay monthly the interest own on the money.

Ok, you might say to yourself that I have too much debt, but too much is barely enough, knowing where the money is. Small investors like myself should had been giving all of the best possibilities in the world and BMO Bank of Montreal, once again, is ruining the perfect scheme. In other world: for your credit needs, go with TD Canada Trust who offer close to a 24 hours a week banking services in their branches or go with RBC. As for Scotiabank, they are extremely difficult to get credit from. Bank of Nova Scotia, just like BMO Bank of Montreal, is poorly managed.

You need to get to know your banker first before jumping in.

All in a girl day trader weekend

It’s been a great weekend overall. I worked at my weekend job, but did not work much online. I prepared my summer clothes, color my hair (it was really needed as my last coloration was in February), I did my nails (in pink of course) and I purchased my usual scratch and wins... And here’s the fun part: I win 50$ at playing Scrabble. I kept a 40$ for myself and pick different tickets for 10$. And surprise, I won another 50$ on Scrabble. I felt lucky, so I purchased a Loto Max and a Loto 649 using my credit card. I did not win on Loto 649, but Loto Max results are for next week... lol... Later on, I went for grocery shopping and purchased another Scrabble. And I won again. I did not check this one yet, but I think I won 5$. If it’s just 5$, I will keep the money for my Second Cup coffee of this evening. I had been lucky. This is very nice because I had left 60$ in cash that I used on my credit card payment. I will only have left less than 300$ to pay on it.

This past week, I was told I was going to be short of work for the 2 weekends last time I call to give my hours, but it seem like I was provided the wrong information as I was on scheduled Sunday and I am on schedule for the next weekend also. Oufff... And I need the money. At this time, I want to add money to my margin account to decrease it. So for now all extra few bucks will go on the margin account.

Basically, here’s my plan to decrease my margin account usage:

-Sell at profit Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) and Horizons BetaPro COMEX Silver Bear Plus ETF (HZD).

-Sell a few stocks of Sprott Inc. (SII) at profit. I had been a long time shareholder of Sprott Inc. (SII). For their last special dividend, I had invested in hundreds of new extra stocks. I would like to sell those same stocks because they had been purchased using my margin account money.

-Sell at profit all my holding or partly of TMX Group Inc. (X).

-Sell at profit First Majestic Silver Corp (FR).

Those stock sells could help me to significantly decrease my margin account using. Part of the money could be reinvested in companies that paid a higher dividend, and another part could go to pay off my 10 000$ credit line. Currently, I could sell at profit stocks of TMX Group Inc. (X) and First Majestic Silver Corp (FR). I could even sell a few stocks of Sprott Inc. (SII). But it’s not something I am willing to do in a rush and it’s not an emergency. As for now, I prefer to hold TMX Group Inc. (X) and First Majestic Silver Corp (FR). I am not planning to do any day trading for now in reason of those transactions that are pending. I wouldn’t like to be stuck in a situation where I absolutely need to sell asset just because I am too high on my margin. Also, at this time, the economic situation of Europe is not very good. So better play safe and safe some money. At this time, I have a good feeling about my investment portfolio and I am kind of super relax and my nails look pretty.

I taught this weekend about updating my investment portfolio value but I wasn’t really into it and I spend time reading blog online and I was really out of my head. However, my non registered stock portfolio was closed to the 118 000$, according to the TD Waterhouse balance update. I was a bit shocked, actually. This is the update following my sell of Horizons BetaPro COMEX Silver Bull Plus ETF (HZU), by the way. I was quite happy. Nothing can really stop me at being successful with my portfolio, if it’s not a bad market condition. And a bad market condition may come at anything. But personally, I think the Toronto Stock Exchange should not response to the difficulties in Greece, Portugal, etc. for the simple reason that Canada is not involve in the European Euro mess and I think we should continue in our way without caring. Euro is what f up Europe, Canada has nothing to do in that. We have to protect Canadian interests in this. Europe is far behind everything. French of France among other come here to Canada, stealing jobs belonging to Canadians who had built the economy of Canada from generation to generation. It’s not ok for us to suffer from what’s going on in Europe. There’s different type of criminal and Europe is full of financial criminals, a lot more than Quebec province.

This being said, lately, I had been good at following my frugal gold rules. My main rule is to not purchase food outside grocery shopping. It could be seen simple, but it’s easy to cheat on this one. So what I do is that I cook my lunch for the whole week and bring a banana, an apple and a snack bar with me when I leave home. For about 2 weeks, I slack on my food purchase a lot but that’s a goal I had came myself with because I don’t want to rank up at 500$ in expenses of all sort on my credit card every single months. When I leave home for work, the only expense I allow me is a medium Second Cup coffee. I try to avoid my Second Cup coffee purchase, but I find myself starving for caffeine and I felt weak, at some point, really weak. I am allowing me a one Second Cup coffee per day and it’s about all. I can’t believe June is almost there. In my head, we are still in February and I am still at home in New Brunswick. What happen between February and now had passed by without me knowing it.

Nickel is going to rock your world: DNI Metals (DNI) realized a 38.89% gain on May 27, 2011

My investment in DNI Metals (DNI) has been done a long time ago, more exactly on June 17, 2009. On that date, I invested 717$ in the company. Back in 2009, DNI Metals (DNI) was known under the name of Dumont Nickel (DNI). Reading back my posts of DNI Metals made me laugh because back in June 2009, my goal was to kind of day trade Dumont Nickel (DNI). Prior to June 17, 2009, DNI had reached the 5 cents per stock. I taught I could make a quick buy-on-sell. At the time, I didn’t have too much investment experience – even less than now. For me, it appears to be easy to make a profit of DNI. But the profit never came and that’s how I currently hold DNI Metals (DNI) in my portfolio.

In June 2011, I will be celebrating my 2 years investment in DNI Metals (DNI). Nothing really fantastic happens so far for DNI. Sometimes, for X reason, DNI makes some interesting gain, but nothing much that really worth a sell and a cash in money. However, lately, DNI Metals (DNI) had shown up signs of a penny stock becoming something more sustainable.

Many projects are on their way in Alberta. When it comes to DNI Metals (DNI) I find the development extremely slowww. However, I am quite happy with my choice of holding the investment for so long. For a 717$, I am not risking too much anyway. And previously, a reader post something in here regarding DNI, that chances are good that DNI may worth a lot more in a close future. All good news for DNI.

On today May 27, 2011, DNI Metals (DNI) gains a very awesome 38.89% (7 cents). DNI Metals (DNI) closed today at 25 cents. At this time, it’s still worth it to hold DNI Metals (DNI) because interesting developments are on their ways. Also, nickel is in demand. Not as much as silver, but still, it can be interesting to still hold DNI at this time. After all, I already wait 2 years, I won’t mind holding another 2 years if it’s to assist to other prospective development and get rich on nickel. Thank you DNI Metals (DNI).