This is my investment of Canadian Resourse Stocks. My investment in American companies listed on the Dow has a net return of 61% which doesn't cover my losses in the Canadian market. Now what I meant from my previous post was someone smarter than me sold their shares and put the cash in a position to "gain" which is something I haven't seen here.
I sold enough of TK when it was just over $1.00 a share to cover my total investment in that company so the remaining 15000 shares I now hold can be considered "free" shares.
Symbol #Sh av/sh $Cost last $Value $Net %Net
FLA 50000 2.24 112,000 0.12 6,000 -106,000 -94.64
MIQ 11000 0.88 9,700 0.33 3,630 -6,070 -62.58
TK 15000 0.66 9,900 0.14 2,100 -7,800 -78.79
Current Equity Value $ 11,730
Total Equity Cost $ 131,600
Your Net Return $ -119,870 -91.09%
Cash Balance $ 0.00
Total Portfolio Value $ 11,730
Now if I was smart, I would sell all but maybe the MIQ shares which show some promise and invest that money into a money market. No I will hang tight like I have the last year and pray for a upturn just like the rest of you.
Rick |
