just thought would due a quick review of the stocks mentioned in the year end predictions thread (one HBM) and the four for MJ stock picks (jan).
there was negative on one of my stocks so thought it was a good time...lol.
1. HBM (Toronto) $5.75 now $11.70
sold 25% $8 and 25% 7.50 (upadte thread).
this is a junior base metal company in western Canada. it has many projects on the go, excellent management and strong metal prices should earn $1.40 06 and $1.20 07.
no should not have sold any but had a nice gain (had built up a very large position) so sold half, this stock is very volatile often moves 2-6% in a day. will probably hold the rest.
have half at a stop $9.
MJ Group picks
US picks
Ashland ASH $64.68 US
$70.10 now
yields 1.60% $3.50 06 $4 07
boring steady company, getting more involved in the water business. small portion of the company.
thought it would do 10% and basically has.
LFG $65.25 now $67.84 yield 1.06%
can you say dead money, probably nothing will change throughout the year.
ASH, and LFG are "value" plays that I got when I did a stock screen using many variables, they have also showed up on other people year end list who did similiar lists.
Cdn. picks
should have picks some jr. gold stocks as $600 gold moose pasture is now worth ten (hundreds) of millions.
still like the jr. oil and gas....cash flow and earnings.
both trade on Toronto
Oil $3.38 now $4.34
this one had negative news, a 5 million well called joy came up dry. that is 5 million gone.
still more drilling to be done in the north sea 2006 280 million will be spent drilling.
great prospects and great risks. still well run and some great potential in the north sea. hope this is the end of the bad news.
stock went down only .02 cents on the news, as it was expected.
GCA 2.20 now $1.97
okay down on this stock and on a day when most jr. and sr. had good days in the energy patch this never seems to move.
still made .05 per share and .40 cash flow per share.
thought natural gas would go down (predictions thread) I still picked a jr. gas play. that takes brains.
still expanded land position, great drilling prospects in western canada. and a stock with growth potential trading at 5X cash flow.
so holding the position, and believe it is cheap.
NOTE: I never add to a postion that shows a loss. there are two options sell or hold.
you never dollar cost average on a losing positon. good way to destroy a portfolio.
thanks
selkirk
there was negative on one of my stocks so thought it was a good time...lol.
1. HBM (Toronto) $5.75 now $11.70
sold 25% $8 and 25% 7.50 (upadte thread).
this is a junior base metal company in western Canada. it has many projects on the go, excellent management and strong metal prices should earn $1.40 06 and $1.20 07.
no should not have sold any but had a nice gain (had built up a very large position) so sold half, this stock is very volatile often moves 2-6% in a day. will probably hold the rest.
have half at a stop $9.
MJ Group picks
US picks
Ashland ASH $64.68 US
$70.10 now
yields 1.60% $3.50 06 $4 07
boring steady company, getting more involved in the water business. small portion of the company.
thought it would do 10% and basically has.
LFG $65.25 now $67.84 yield 1.06%
can you say dead money, probably nothing will change throughout the year.
ASH, and LFG are "value" plays that I got when I did a stock screen using many variables, they have also showed up on other people year end list who did similiar lists.
Cdn. picks
should have picks some jr. gold stocks as $600 gold moose pasture is now worth ten (hundreds) of millions.
still like the jr. oil and gas....cash flow and earnings.
both trade on Toronto
Oil $3.38 now $4.34
this one had negative news, a 5 million well called joy came up dry. that is 5 million gone.
still more drilling to be done in the north sea 2006 280 million will be spent drilling.
great prospects and great risks. still well run and some great potential in the north sea. hope this is the end of the bad news.
stock went down only .02 cents on the news, as it was expected.
GCA 2.20 now $1.97
okay down on this stock and on a day when most jr. and sr. had good days in the energy patch this never seems to move.
still made .05 per share and .40 cash flow per share.
thought natural gas would go down (predictions thread) I still picked a jr. gas play. that takes brains.
still expanded land position, great drilling prospects in western canada. and a stock with growth potential trading at 5X cash flow.
so holding the position, and believe it is cheap.
NOTE: I never add to a postion that shows a loss. there are two options sell or hold.
you never dollar cost average on a losing positon. good way to destroy a portfolio.
thanks
selkirk
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