RE:RE:RE:RE:Did oil just peak at $56.75Overall, my portfolio was flat today. Not because of HOD but because my biggest holdings: cnq, arx and cve were more or less flat today despite oil's big jump up. HSE was even down (a recent addition of mine)
I got lucky getting rid of ygr at the day's high. Huge loss on that position. Only holding in my portfolio that I didn't research before I buoght. In the future I shouldn't buy merely based on reccomedations from drunken womanizing stockhouse posters but oh well, I made that decision and I own the loss.
Since you are interested in my HOD position here's the scoop, today I tripled my HOD position. It was relatively small before but no more. Now it makes about 17% of my total portfolio (but it's 2X leveraged so that's almost 1/3 in terms of punch). At $5.00 my overall position in HOD is down 3% (I just checked). I expect it to stay down next 10 days.
Despite today's multiple buys in HOD, I'm still heavily weighted in Cdn energy stocks but that's because I, along with just about everybody else, believe they are grossly undervalued. I will lighten up these positions in the next 10 days I hope. I don't like to be leveraged so much into one sector. Hopefully tomorrow oil continues to rally and I trim something else. I just placed a bunch of sell orders good till Sep 13 ... I'm hoping for another 5-10% higher before this bounce is over.
Finally to answer your CJ question, I have 3X the position size in that one and I'm not too eager to trim these positions. My first sell is well over 10% north of where the stock closed today.