TSX:TECK.A - Post by User
Comment by
KingofGoodDealon Mar 07, 2012 7:37pm
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Post# 19640877
RE: Trading Stock
RE: Trading Stock For the past year, because of all kinds of market uncertainty, my strategy was to bottom fish all those bigger companies and has been very successful. Buy only when the share price retrieved close to year low and look for 10% to 30% return in each stock, Bought RCI.B @$33 and sold @$38ish, bought RY @$45 and sold @$53, bought PMG @ $16ish and sold @$21, only 3 meaningful trades since beginning of 2011, but the return is more than saitified. Now after the market stumbled last few days, I have 2 targeted stocks to choose: BBD.B @ $4 and TCK.B @$35, after my own debate, I finally bought TCK.B (I believe it's safer bet) today and hope to sell between $40 to $44. This patience game is boring, yet fun to make decent profit.
King of Good Deal