RE:RE:RE:RE:RE:RE:RE:RE:RE:Selling?stack wrote: RE38, thanks for posting that. Great to see some great numbers in someone's portfolio these days :) Your individual stock losses there look like most of my RRSP and TFSA, i.e. lots of red and a couple of green. Difference being you obviously have locked in gains in the past at some stage in order to have such a high total. I've locked in a lot of losses - in stocks that wont ever come back - and don't have any gains sadly to lock in, unless I sold EUO, but not planning that anytime in the near future. Probably down to $40k now left in my RRSP after contributing over $100k over the last 15 years. TFSA is about $25k, so haven't lost as much in there so far but still probably about 50% or so. Just tough to make a profit on anything in the markets especially as 90% of small caps go down over time. You have to choose your exit point and no use just holding on and hoping and that's the bit I fail at each time. Will try to correct that in 2016 if I have some gains for a change, lol!
To be honest, if I was in your shoes, I'd go for an all-in on an oil stock. Not the LTS, LRE, PWT garbage of the world, but a mid-tier that's lost 50%+ in the last year but isn't going under. COS or CPG for example. Collect the dividends, hold your breath and if/when oil goes back to $100, or at least $70, take your 100%+ profits aka, recovered losses in your non-taxed accounts. It'll save you a lot of heart ache trying to chase the TSXV which has just gone down the toilet thanks to manipulation.
On another note related to PKK, the second that it dropped the TSXV in favour of the CSE I noticed trading has normalized. When it left the Venture a couple of months ago it was 1.5 cents. Now it's 3 cents and if you watch the trading, it's honest. When someone buys 500K shares at the ask, the ask level drops by 500K. On the Venture when the same thing happened, the ask might go down by a lesser amount, the bid might change...all in reponse to the dark pools and algo bots manipulating trading on every possible order. We see it all the time on EUO as well. One minute we see a 400K wall at 18 cents. Next minute someone sells at 17 and the wall mysteriously disappears.
So if you're looking at penny stocks, I'd suggest looking at CSE listings. You'll at least be trading on an even playing field to everyone else, not trailing behind the billionaire banks that want to squeeze every last ounce of blood out of the TSXV turnip with their algo bots. As far as EUO, it's far enough along in its business where the focus should be on an uplisting to the TSX or even better the NASDAQ and leave the Canadian cesspool altogether. The one good thing brokers have done over the years is go international. So whether EUO solely trades in Toronto, New York, or Frankfurt, I can trade it and I think most others here can too. Anything to get off the TSXV. I'd especially consider Europe given the SICPA deal and respect that would get over there. There's my random musing for the day.