The money is in the linen, K-Bro Linen Inc. (KBL) knows about it

Lately, I received the Notice of annual general and special meeting & management information circular of K-Bro Linen Inc. (KBL). I had been holding K-Bro Linen Inc. (KBL) since March 2011. I first invested in K-Bro Linen Inc. (KBL) after reading SP Brunner review of KBL. She wrote a good review about the company and I knew KBL would be a nice fit in my investment portfolio. I didn’t hold anything related to the Services sector. Adding KBL in had brought some diversity in my assets.

K-Bro Linen Inc. (KBL) has location plants in Victoria, Vancouver, Calgary, Edmonton, Toronto and Quebec City. For 2010, K-Bro Linen Inc. (KBL) revenue increase of 18.9%, to establish itself at a very respectable $104.5 million. K-Bro Linen Inc. (KBL) payout ratio is of 49.5%. KBL dividend yield is of 5.058$, 1.10$ annually per stock. KBL dividend is paid on a monthly basis.

K-Bro Linen Inc. (KBL) is specialized in the sector of services. The company provide laundry and linen services in Canada for hospitals, hotels and other related commercial sectors. K-Bro Linen Inc. (KBL) 2010 annual report is quite interesting. It’s containing information that clearly shows that K-Bro Linen Inc. (KBL) is a well established company.

K-Bro Linen Inc. (KBL) is one of those companies you can hold in time of insecurity like the one we live in right now. Their dividend so far had been steady. I initially invested 2 034.99$ in KBL back in March 2011. Currently, my investment worth 2 180$, for a profit of 145.01$. This represents a return of more than 7% within less than 4 months. Absolutely amazing! KBL won’t be of any help is your looking for spectacular gain. But what KBL is able to bring in is stability in the value and a reliable dividend. Both of those 2 are difficult to get these days on the Toronto stock market.

HOD is going up, and all the other... down

Today is really not a good day for the stock market, despite the beautiful weather in Montreal. But the weather really has nothing to do with it anyhow... I was expecting a bad market condition, but still, when hitting on a bad stock market, it’s always hard. HZD is down, HOD had gain around 2%, and is currently staying at 6.30$. That’s good, but it’s still far behind from my original 6.65$. Oh, and guess what? DNI IS DOWN!!! My DNI Metals (DNI) is down of 19%....???

However, DNI still at a good 0.27 cents. Do I regret not selling DNI when I could had sell it at 40 cents and bring in more than 400$ in profit? Yeah... just a little bit. Just to make things worse, I wake up late, I did not prepare my lunch for the week, I did not clean, did not wrote anything new on HubPages for centuries. I am so lazy. :0)

My new blog have that cool title Beauty Queen Next Door and the domain address is beautyqueennextdoor.com. Isn’t nice? I am going now outside, my life is misery. DNI Metals Inc. (DNI) is down of 19%. Talk about a market plunge, my marvelous DNI. I love you.

Be ready: the selling of Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) and Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) might be on its way

Quiet weekend spend at doing some quiet things. I worked at my usual weekend job, than on Saturday night I went see the latest X-Men, very fun to watch. At my weekday job, I am received bonus points and one reward we can get is free movie tickets. That’s what I usually buy. I just bought 2 other ones for this month of June, but because of Post Canada strike, I may not get them anytime soon. Some awesome Hollywood Blockbusters are on their way for the summer, among them the new movie of Woody Allen.

I did not update my investment portfolio value for a little while and that was more or less wanted from my part. Lately, I did not feel like updating it for many reasons. I had been focusing mostly at trying to sell HOD and HZD at profit. Those said I should sell now and loose whatever were very wrong. I cannot predict the future, but what I know is that the economic situation in Europe is not getting better. The US data shown that the recovery from recession may take longer than anticipated. All those factors combined together make a good stock market condition in order for me to sell at profit my units hold of HOD and HZD. So everything is going to take place slowly, but certainly. And selling my holding in HOD and HZD will be a big +, it will help me to decrease my margin account usage. It’s still at this time under control.

Some readers comments make me feel real mad, like the ones saying to sell “now” Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) and Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) (and will conduct me right to a capital loss), but some other bring a smile to my face and make me laugh. Of me of course, but also all this thing about my money blog. Like life is really all about money right lol... I got that reader commenting my margin account usage. Here’s the comment, post on the entry of June 1, 2011:

“Sunny, I remember when your followers where suggesting margin account and you wanted to stay away from it. You have to be very careful with margin. If you want to pay off some margin, think about selling HZD along with another of your silver holding. Why, because you`re not making any money on it, what you win on one, you lose on the other, so why not sell some of each.

I understand markets are volatile, but if silver does go down (which would make HZD go up), you would be losing on the gain you would`ve made on HZD, but you could buy some silver shares cheaper than today`s price. If silver goes up, you will lose money on the silver shares you sold, but you would be saving the money that you would be losing on your HZD. (Ex. if you would`ve sold HZD and PSLV yesterday, today you would`ve lost the gained from HZD, but you also wouldn`t had lost money on PSLV, so really you weren`t losing anything)

So why not sell some Pslv and HZD; and if ever HZD does reach 8$, you will be able to rebuy PSLV at around 14.50. If it doesn`t you would stop losing money on HZD and cancelling your gains on other silver investments.

Sunny, this is the last time I will bug you with this, but think about it. This is a solution to get out of your trade, pay off some margin and you`re not losing any money.

I`ve told you before, when you`re betting for silver and against silver, it`s like going to Las Vegas and betting 2,500 on Vancouver winning the stanley cup and 2,500 on Boston winning. At the end, you won`t make any money but you will be paying interest on the money borrowed. I think you`ve noticed that in the last month.”

What amazes me most is when I am getting a comment and by that comment, you know that it can only be a long time reader. Like wow... Each time, it blows me away. Like people really reading this s. Oh lol... Of course, I know people read, but in that specific comment, it’s a reader who had following it all since I started the margin thing. That was way back in December 2010! See what I mean?

I started the margin account in December 2010 following a reader suggestion, Dividend Lover. At that time, the idea was to use part of the margin account money in order to pay debt at a higher interest rate. During the last quarter of 2010, noting that I had all those debt, I wanted to do something in order to decrease the interest money needed to be paid on all of my loans. That was the goal. My investment portfolio was doing very well, more than I could ever imagine. Selling part of my portfolio just to pay some debt was out of the question. The margin account idea was about paying off debt, it wasn’t money to be use to invest more, or even worst, money to use to do the day trading on... This is actually very funny knowing how much I was scared of opening a margin account at the first place. I think I may have expressed the scary feeling extremely well by writing because the commentator did not forget that one...

Actually, I did pay part of my debt using my margin account. I had paid my 5 000$ credit line using my margin account money, remember? But that was all... Why? Well, I quickly began to use my margin account money to invest following that...

The idea of Dividend Lover was great, it’s just me who became... an investor freak lol..... (that one is really funny isn’t?). But hey, the temptation was way too high. Imagine, opening a margin account brought in a 65 000$ in monopoly money (I just loveeeee to name the money brought in by the margin monopoly money). Fact is, monopoly money IS REAL MONEY and I CAN DO WHATEVER I WANT WITH IT.... WOW... Think about it: 65 000$!!! Youhou!

In live, I don’t care about my look, I don’t care about the clothes I wear. I don’t care about jeweleries, expensive restaurants, going out in night clubs, going away in vacations... I DON’T CARE. I really don’t. That’s what’s best about me.

But what I do care about, however, is investment. When I started to invest in stocks in 2008, I never had a doubt in my mind, I knew I was going to rock the investment game and I did (this being said, from my own perspective of course). I started just before the 2008 stock crash, I invested 5 000$ in Sprott Inc. (SII) and shortly after, the title was crashing to less than 5$ per stock. Despite the stock crash event, there was still no doubt in my mind, I knew I was going to win and I did. I received special dividend after special dividend of Sprott Inc. (SII). The SII title went back up, as for most of all of my holding. I totally recover from the 2008 stock crash without any problem because I knew I was able to go somewhere by investing in stock. This is the story of my first stock investment that I like to repeat over and over again.

As a small investor, I want to be able to take advantage of all of the possibilities being offered on the stock market. So when the sky is giving me 65 000$ my slapping its finger well... I WILL TAKE THE MONEY and INVEST IT. Or just part of it...

Dividend Lover was kind enough to comment on this blog of mine and he really did the best he could to put me back on track. Message had been kind of a: remember, you said you were going to use your margin money to pay off debt... That was a beautiful message coming from his part. Full of a common sense that had left me alone among the way.

Always from my point of view, so far, my investment adventure went well, but no matter how well it went so far, I am EXTREMELY aware that the market is volatile, the situation in the USA is still fragile and in the old Europe, the situation is catastrophic. That’s why lately I had been working on myself in order not to invest more and not to do any more day trading. Because if I continue, I could severely burn myself. I am aware of the danger and I understand the risk. I always did, it’s just at a point the stock market over excited me, it got inside me deep in the brain. I don’t have any excuse, but I am “just” 30 years old after all ok. Young bitch and money = BORDEL. :0)

The major event that mark the over excitement was when the TMX Group (X) announced the merger of equals. You don’t know how at first I was happy about the merger. I was open to all the possibilities that a merger could brought in. New capital money for the Canadian stock market, a growing perspective. More money meaning stocks gaining more value. More value = more profit. MORE $$$. WOW!!!

But I am now against the merger because I don’t want a French of France to be in control of the proudest thing the Canada possess: it’s very own exchange. I don’t like Xavier Rolet. I don’t like him at all.

Once the over excitement took control of my whole body, I did it, I purchased 100 stocks of the magnificence TMX Group Inc. (X). That when the merger project had been officially announced, a couple of months ago. I had a good feeling at that time about the merger of equals and getting some stocks of X in my portfolio was not a luxury, it was a necessity. And it was a good thing. I had cash in the dividend, my investment gain in value and will probably continue to gain in value.

I am not a genius, I am just a girl who like to listen to herself and no one else. 

So good so far, but I am truly aware of the risk, once again. I know and I understand. That’s why I won’t invest again for a little while, not until I sell HOD and HZD at profit, at least. The risk would be to become too confident and trade trade trade. But I am never over confident, only sometime over excited. I am just happy to have good readers. I did not respond to the glorious comment. What could I have answered anyway?

My top stock performers of the time: who they are?

Despite a TSX down of 37 points, some holdings of my non registered investment portfolio are performing very well. Among my blockbuster stocks, we find: Pembina Pipeline Corporation (PPL), Methanex Corporation (MX), Fortis Inc. (FTS), Enbridge Income Fund Holdings Inc. (ENF), EnCana Corporation (ECA), Bank of Nova Scotia (BNS), Canfor Pulp Products Inc. (CFX), Westshore Terminals Invest Corp (WTE.UN), TMX Group Inc. (X), WesternOne Equity Income Fund (WEQ.UN), Just Energy Group Inc. (JE), Premium Brands Holdings Corporation (PBH), iShares S&P/TSX Capped REIT Index (XRE), K-Bro Linen Inc. (KBL), Corby Distilleries Limited (CDL.A) and Student Transportation (STB).

Here they are, my top stock performers with their respective profit:

Pembina Pipeline Corporation (PPL)
Initial investment value: 6 537.81$
Current value: 10 875.06$
Profit: 4 337.25$

Methanex Corporation (MX)
Initial investment value: 1 626.80$
Current value: 3 132.23$
Profit: 1 505.43$

Fortis Inc. (FTS)
Initial investment value: 2 680.66$
Current value: 3 512.81$
Profit: 832.15$

Enbridge Income Fund Holdings Inc. (ENF)
Initial investment value: 5 748$
Current value: 6 373.25$
Profit: 625.25$

EnCana Corporation (ECA)
Initial investment value: 5 980.49$
Current value: 6 546.82$
Profit: 566.33$

Bank of Nova Scotia (BNS)
Initial investment value: 5 680.46$
Current value: 6 237.03$
Profit: 556.57$

Canfor Pulp Products Inc. (CFX)
Initial investment value: 1 516.65$
Current value: 1 896.18$
Profit: 379.53$

Westshore Terminals Invest Corp (WTE.UN)
Initial investment value: 4 631.99$
Current value: 4 996$
Profit: 364.01$

TMX Group Inc. (X)
Initial investment value: 4 245.34$
Current value: 4 524.80$
Profit: 279.46$

WesternOne Equity Income Fund (WEQ.UN)
Initial investment value: 2 061.99$
Current value: 2 337$
Profit: 275.01$

Just Energy Group Inc. (JE)
Initial investment value: 9 175.87$
Current value: 9 416.99$
Profit: 241.12$

Premium Brands Holdings Corporation (PBH)
Initial investment value: 6 925.91$
Current value: 7 154.60$
Profit: 228.69$

iShares S&P/TSX Capped REIT Index (XRE)
Initial investment value: 2 106.37$
Current value: 2 303.84$
Profit: 197.47$

K-Bro Linen Inc. (KBL)
Initial investment value: 2 034.99$
Current value: 2 220$
Profit: 185.01$

Corby Distilleries Limited (CDL.A)
Initial investment value: 1 545$
Current value: 1 660$
Profit: 115$

Student Transportation (STB)
Initial investment value: 1 301.50$
Current value: 1 358.07$
Profit: 56.57$

Currently, PBH is still exceeding the 17$ per stock. This had been the case for the past couple days. I had been quite pleased with WTE.UN, WEQ.UN and CFX, among my latest investments, and currently on my top stock performers.

I had been holding PPL, FTS, ENF.UN, MX, ECA and BNS for a really long time. They are among the first stock investments I had made and they are currently among my top of the top performers. I first I started investing in stocks in 2008.

Lesson I learn from 4 years of stock investment: over time, good quality stocks pay a steady dividend and continually gain in profit, no matter of the market conditions.

PS: DH could had been from the list as well.

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.