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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: jrhana who wrote (28875)	5/10/2005 10:57:35 PM
From: Taikun	Respond to of 314088

jrhana, I do not have to trade for a living and respect those who do and can make a living from it, for they are better than I. Those positions I described were merely a ride, for I am but a pilot fish following the trends. My objective was not the brass ring, but some decent S-T profits I could roll into something more stable. This is a sideways market, and although it is possible to trade, I am not able to rise at 6am Pacific to do so. Therefore, I am going to focus mainly on income-generating defensive stocks. I added some utilities: CF.UN on the downdraft (yielding 12%) and I also bought some COU.UN. IMO, COU.UN, with its biomass generators, could benefit greatly from Kyoto. COU has a STA-4 DBRS rating, higher than all the energy trusts (actually equal to ERF and AET, but higher than the rest), and a yield of 10.5%, which I think is good for a utility. These aren't trades, these are investments for the summer. I have some projects around the house so I won't be able to watch my positions. So, aside from a select few oil and gas and BM names, and a few PMs, this will be most of my activity. Now, if we get a selloff, I'm in with both feet. Cheers, D