The ramblings of a middle aged amateur trader focusing on Canadian equities.
Saturday, 18 June 2011
Today
Well I dumped quite a few of the losers and used the cash to pick up more MIT & SIO. I hope this was the right decision. Going to keep dumping until all the losers are gone.
Friday, 17 June 2011
Time to dump the losers
I've decided to dump everything I have and use the cash to accumulate more of SIO, MIT, and PYN. I strongly believe that these all have the potential to be multi-baggers by the end of this year.
Thursday, 9 June 2011
BIO
Well it seems that BIO is back down in the low 70's so maybe it's time to start with the flipping again between the 70's and 90's.
MIT
Well MIT is in the news again with Michael Lee Chin picking up 12.5M shares through MIT's latest PP. My prediction is 50 cents by month end.
Here's a post I wrote on Pinnacle Digest:
I'm certainly no expert on picking stocks as am just an amateur. I like MIT because they have a regular revenue stream that's on contract and this can only go up as they sign more contracts. I lived and worked in the UAE for 6 months a few years ago and know that pretty much the entire Middle East have laws relating to paying foreign contract workers similar to those of the UAE which means their business have nowhere to go but up. Now, MIT has over 400,000 cards (once the latest deal closes) and they're forecasting over 500,000 cards by year end. The reload card business is extremely profitable although I don't know what the LTV per card is but do know that if they make $1 per card per month, you have $400k per month in revenue and now that they have finally closed their Canadian office and shed that expense, that $400k per month will result in significant profit. As well, oil producing countries in the Gulf have non indiginous workers for about 90% of their workforce which makes the potential market for MIT HUGE !
With only 84 mil shares outstanding and annual earnings of roughly 6 mil, and we use a PE multiple of say 10, this places the SP at around 71 cents per share. My 50 cent comment is my conservative estimate. Of course this should go much higher once MIT expands into other countries in the ME.
This is one company that I'm planning to keep for the long term and I fully expect a 20X return on my investment.
With all this said, please remember that I am an ABSOLUTE AMATEUR and will not be held responsible for whatever anybody does as a result from reading this post as I may be totally wrong like some of the other dogs that I have in my portfolio.
Here's a post I wrote on Pinnacle Digest:
I'm certainly no expert on picking stocks as am just an amateur. I like MIT because they have a regular revenue stream that's on contract and this can only go up as they sign more contracts. I lived and worked in the UAE for 6 months a few years ago and know that pretty much the entire Middle East have laws relating to paying foreign contract workers similar to those of the UAE which means their business have nowhere to go but up. Now, MIT has over 400,000 cards (once the latest deal closes) and they're forecasting over 500,000 cards by year end. The reload card business is extremely profitable although I don't know what the LTV per card is but do know that if they make $1 per card per month, you have $400k per month in revenue and now that they have finally closed their Canadian office and shed that expense, that $400k per month will result in significant profit. As well, oil producing countries in the Gulf have non indiginous workers for about 90% of their workforce which makes the potential market for MIT HUGE !
With only 84 mil shares outstanding and annual earnings of roughly 6 mil, and we use a PE multiple of say 10, this places the SP at around 71 cents per share. My 50 cent comment is my conservative estimate. Of course this should go much higher once MIT expands into other countries in the ME.
This is one company that I'm planning to keep for the long term and I fully expect a 20X return on my investment.
With all this said, please remember that I am an ABSOLUTE AMATEUR and will not be held responsible for whatever anybody does as a result from reading this post as I may be totally wrong like some of the other dogs that I have in my portfolio.
Tuesday, 7 June 2011
INT
I just love how INT was comparing ortsbo.com performance to facebook.com and now that they are buying dealfrenzy.com, they are comparing it with groupon !
This Lucatch guy sure is a genius promoter & marketer !
INT was a good deal at 10 cents or less but...
This Lucatch guy sure is a genius promoter & marketer !
INT was a good deal at 10 cents or less but...
Wednesday, 1 June 2011
SIO news
I like the news release today - shows management is not out to just pad their own pockets. I'm still kicking myself for not getting more at 52 cents on Monday as I think the downward trend is finished with and this will start to slowly climb up to the $2 level and beyond. I think probably around $3.50 by year end.
Who's listening ?
Anybody who reads these notes would you please make a comment somewhere so I know I'm not alone here....
Tuesday, 31 May 2011
Ramblings
Well, this week is starting off ok. SIO is moving back up a little as is DML. Too bad I couldn't get anymore SIO at 52 cents as I need to downward average a little !
Looks like I'm going to win the Pinnacle Digest Stock Challenge for May which makes it twice this year. I picked PYN and MIT for the June contest. Actually pinnacledigest.com is a great site unlike stockhouse.com. You can actually get great opinions and commentary whereas at stockhouse, all you get is crap from either pumpers or bashers.
I do use stockhouse to see which stocks are being pumped or bashed - I factor this in as part of my stock picking strategy along with normal DD of course.
I'm planning to get rid of some of my non-performing shares but every time I do that, they go up virtually the day after ! So, if anyone is reading this, perhaps you should do the opposite of what I'm doing. An example with this is BIO - My strategy was to buy/sell on a 10 cent spread which I did a few times but got tired of waiting for it the last time and sold it at a small loss - of course for the next 2 days after I sold it, it went up and the difference to me is about $1,000 on a $2,100 investment ! Piss Me Off !!!!!
Good thing I've had 2 5-baggers this year but I think my best performance is yet to come. I'm depending on MIT, PYN, and SIO to all be multi-baggers by the end of the year as they are all extremely cheap right now. SD, OEI, SSS should at least double.
Gonna try and dump CNY for around $1 which gives me a 40% return over a year. I've been waiting for this one to pop and am just too tired of waiting.
Looks like I'm going to win the Pinnacle Digest Stock Challenge for May which makes it twice this year. I picked PYN and MIT for the June contest. Actually pinnacledigest.com is a great site unlike stockhouse.com. You can actually get great opinions and commentary whereas at stockhouse, all you get is crap from either pumpers or bashers.
I do use stockhouse to see which stocks are being pumped or bashed - I factor this in as part of my stock picking strategy along with normal DD of course.
I'm planning to get rid of some of my non-performing shares but every time I do that, they go up virtually the day after ! So, if anyone is reading this, perhaps you should do the opposite of what I'm doing. An example with this is BIO - My strategy was to buy/sell on a 10 cent spread which I did a few times but got tired of waiting for it the last time and sold it at a small loss - of course for the next 2 days after I sold it, it went up and the difference to me is about $1,000 on a $2,100 investment ! Piss Me Off !!!!!
Good thing I've had 2 5-baggers this year but I think my best performance is yet to come. I'm depending on MIT, PYN, and SIO to all be multi-baggers by the end of the year as they are all extremely cheap right now. SD, OEI, SSS should at least double.
Gonna try and dump CNY for around $1 which gives me a 40% return over a year. I've been waiting for this one to pop and am just too tired of waiting.
Thursday, 26 May 2011
Lithium
Hmmm starting to look into First Lithium (MCI) and Nemaska Explorations (NMX)... will let you know what I think after I do my DD.
Wednesday, 25 May 2011
Yawn!
What a boring week this has been so far. Can't sell anything as some are down and the rest are about to break and not enough cash left to buy anything new... I think I'll just go back to sleep.
Saturday, 21 May 2011
Today's action
MIT - I bought back what I sold yesterday at 12.5 cents today. Couldn't get more as it didn't stay at that price for long. I see the SP going back up over 20 cents next week so if anyone is reading this, I highly recommend this one.
Bought SSS today at 8 cents. This company has a good story and I think the SP is way undervalued. One good NR and the price will shoot up.
Got out of BIO today at a small loss - got tired of waiting for it. I already made about 60% on this one by flipping it between 75 cents and 90 cents so not bad overall.
Bought SSS today at 8 cents. This company has a good story and I think the SP is way undervalued. One good NR and the price will shoot up.
Got out of BIO today at a small loss - got tired of waiting for it. I already made about 60% on this one by flipping it between 75 cents and 90 cents so not bad overall.
Thursday, 19 May 2011
Wednesday, 18 May 2011
MIT
I bought some MIT.v and it looks like it was a good decision. They've got cash, are consistently winning new customers, have 84M share float, and best of all issues regular NR's.
I think this is an easy double over the next couple of months.
I think this is an easy double over the next couple of months.
SIO
I just can't believe how low SIO has dropped - at 74 cents, THIS IS A BARGAIN !
Once revenues from their Vizio deal starts to stream in, the SP won't be at this level. I wished I had more cash on hand so I can get more...
Once revenues from their Vizio deal starts to stream in, the SP won't be at this level. I wished I had more cash on hand so I can get more...
Saturday, 14 May 2011
Thoughts
What a weird week for the market this week. I'm not really sure where to begin as it's got me totally confused. When there's good news, the SP goes down. When there's no news, it rockets up. I think someone is screwing with my mind. But that's ok as I pick my stocks based on company fundamentals rather than, trend, charts, technicals, etc...
I've got a couple of picks for next week that I think will start to move:
SD.v - Even though Sidon Mines has turned out to be a real dog for me, I think something is happening as the volume is moving up. My guess is 7 cents by next Friday.
WEF.t - I never expected Western Forest Products to go down this low and really there's no reason for it other than a general downward trend for all stocks so my guess is this one will go back up over $1 by next Friday.
QEI.v - No idea why Quetzal isn't moving at all. Luckily I didn't bet the farm on this one.
More later.
I've got a couple of picks for next week that I think will start to move:
SD.v - Even though Sidon Mines has turned out to be a real dog for me, I think something is happening as the volume is moving up. My guess is 7 cents by next Friday.
WEF.t - I never expected Western Forest Products to go down this low and really there's no reason for it other than a general downward trend for all stocks so my guess is this one will go back up over $1 by next Friday.
QEI.v - No idea why Quetzal isn't moving at all. Luckily I didn't bet the farm on this one.
More later.
Thursday, 12 May 2011
QEI
Well QEI was absolutely no fun to play with. I can't believe the week/month I'm having - everything I own is down !
Tuesday, 10 May 2011
My performance
I'm up about 25% in my first year of trading in spite of getting totally trashed by SD.v (in at 14 cents) and SIO (in at $1.49).
I'm still absolutely positive about SIO and believe it to be a $4 stock within a year. As for SD, unless "you-know-who" is a total fraud, this one should (hopefully) rebound back to about 30 cents by year end.
I'm still absolutely positive about SIO and believe it to be a $4 stock within a year. As for SD, unless "you-know-who" is a total fraud, this one should (hopefully) rebound back to about 30 cents by year end.
My views on INT.v
I originally bought a substantial amount of INT.v (Intertainment Media) back in 2010 from July-October at an average price of around 10 cents. At the time, I was living in Ghana and when I tried to use ortsbo.com, it wouldn't work - I figured it was because of my slow internet connection. In November, I moved to Taiwan and tried ortsbo.com again but it still wouldn't work even with 10m fibre optic service. As a result, I sold INT in the first run-up in February for a very nice healthy profit.
To this day, I have never been able to get Ortsbo to work ! Now, you might say that I'm just technologically challenged but I can tell you that I've been using computers and writing programs since the Apple II+ days.
So, to all the longs on INT I say good luck. To me, INT smells a bit like BRE-X !
To this day, I have never been able to get Ortsbo to work ! Now, you might say that I'm just technologically challenged but I can tell you that I've been using computers and writing programs since the Apple II+ days.
So, to all the longs on INT I say good luck. To me, INT smells a bit like BRE-X !
My thoughts on SIO.v
The big Christmas item for 2011 will be 3D televisions. Right now, Vizio has the largest market share for 3D TV's and they're also the lowest priced so my guess is Vizio will clean up this xmas season. SIO.v provides Vizio with the technology for 3D compression and for their 2D/3D automatic switch so SIO will get a piece of action for every TV Vizio sells.
SIO is also involved with broadcasting live 3D events.
My personal opinion is that SIO will be a target for takeover in the second half of 2011 so have recently doubled my holdings in this company.
SIO is also involved with broadcasting live 3D events.
My personal opinion is that SIO will be a target for takeover in the second half of 2011 so have recently doubled my holdings in this company.
List of shares I own
PYN.v
BIO.v
SD.v
IN.v
SXL.v
MIT.v
AHX.t
OEI.v
WEF.t
DML.t
SIO.v
TNC.v
SGI.v
ICS.t
CNY.v
TNC.v
These are the shares that I bought between June 2010 and yesterday and still own today. From time to time, I'll be posting my comments and ramblings on these and anything new that I discover.
Earlier this year, I sold both INT.v and SCG.v for a very nice healthy profit (although I kick myself every once in a while for getting out too early)
My next pick for a breakout is PYN.v - this one is RIPE !!!!
BIO.v
SD.v
IN.v
SXL.v
MIT.v
AHX.t
OEI.v
WEF.t
DML.t
SIO.v
TNC.v
SGI.v
ICS.t
CNY.v
TNC.v
These are the shares that I bought between June 2010 and yesterday and still own today. From time to time, I'll be posting my comments and ramblings on these and anything new that I discover.
Earlier this year, I sold both INT.v and SCG.v for a very nice healthy profit (although I kick myself every once in a while for getting out too early)
My next pick for a breakout is PYN.v - this one is RIPE !!!!
In the beginning...
Well finally after being harassed by my friends about putting up a blog relating to my investment activities, here it is!
Please note that these are just my thoughts, notes, and ramblings and do not constitute investment advice. I am strictly an amateur managing my own personal investments and will not be held responsible for anyone taking any of my comments too seriously.
Please note that these are just my thoughts, notes, and ramblings and do not constitute investment advice. I am strictly an amateur managing my own personal investments and will not be held responsible for anyone taking any of my comments too seriously.
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