interesting thread DTB, here is my winner and losers.
Current positions
winners for 2006
OIL now $6.94, bought most below $4, junior listed on Toronto.
HBM $14.80 avg price $5, sold 50% 7.50-8.50, 50% 12.50. bought a small position.
RUS 27.70 long term holding posted year end predictions 1999? $4.50. have traded around it, dumb move, cost me around $6 of upside. pays a good a growing div. now yields 5%. 1999 4%. low pe. and management still owns large amount. trades on Toronto.
US stock
MCD have written MCD Puts and every month they expire, the premium is not much trades around 35, happy as long as it does not break 32.
CURRENT LOSERS
Alcan invested $30K Jan 2005 and after writing 3 covered calls, have a 1% gain.
BCE 4 year holding that has made me a great return of 2%, made more off of Telus in 3 months than 4 years on BCE.
BCE was a good gain in 1999, sold my position. bought a small position in 2000 at $38, now $27cdn. have writiten covered calls and yield 5%.
believe will make me 10%, this year, however thought that in 2000.
Petro Canada bought $55 April cdn. sold a $55 covered call Sept. 5.50
six months 10% return, not bad, however pca has had production problems on the east coast (small)
now trades at $47cdn. when the sept. call expires will write another call $55.
only oil stock showing a loss this year.....
TOP 5 winners
1. BCE bought in at 80-85cdn. in 1999 sold for 120-124.
2. sci tech fund 280% 1999
3. Diamond fields avg. price 8.50 sold avg. 120
4. Bre-X avg. price 4.80 sold avg 85
5. Marthon Equity bought nov $10 went to $16 Jan +1.50 div. sold at $14.80 when Bre-X blew up. was dropping 1.50 a day, the fund......fun.
TOP 5 Losers
1. coffee futures 1999
knew little about futures however did some research over 4 months......I was an educated idiot. made great profits for 4/5 months shorting coffee. then a small frost and coffee spiked for two weeks, then went back down again.
the spike cost me all of my profits and $5000US, thought my broker he had 20% stops, he never did.....so around cdn. thanksgiving OCT 1999 knew who was the turkey closed the account.
$5000 learned a great deal.
2. shorted Goldcorp at $8, covered at 10. nothing like shorting a gold company in one of the richest gold regions in the world.. red lake ontario... dumb.
3. 9/11 lost money on put options. long story, did not lose much but large gains were wiped out for four months.
4. Gulf Canada. bought at $13cdn. sold covered calls, a theme here.
remember a member of my shareclub questioned the play as he told me many believed oil would go below 15. it was then 19. even at 16 would make money.
he was correct, sold covered calls, however lost money sold position at 8.
know people in the oil industry like my Uncle who were wiped out, destroyed. when oil went below 10. they never complained and the government seem to care, however when oil breaks out now they talk taxing the industry....my little rant.
like to see them run an oil company, when things turns bad, they really are brutal.
5. when Bre-X blew up lost money on Agate Bay, Rio Amarillo. ect. agate bay 75cent sold 25 cents. went to zero. rio amarillo 1.25 sold .80.
the mania was dead however was to stupid to recognize.....served me well, because soon there was another one called internet stocks.....
by the way lost 800 on BRK.b bought 400 and lost 200 share. it is a good stock but sometimes just sits for long periods of time.....maybe should have been more patient.
thanks
selkirk
