timokaj's posterous

TFSA UP 18+ % in just over 6 Months

Well, things are finally starting to look up for my TFSA portfolio.  I have to admit, I was getting a bit embarrassed at the position I was in.  First I was out of cash (only had $10,000 to start - and I ran out quickly), and second I was holding stocks that were worth less than I paid.  Not what my intentions were when I started this blog.  Here I was, touting the fantastic benefits of the TFSA, and I was only up 5% thanks to a winning trade early on, and my current position had munched away on that profit.  But at last, my picks are starting to show some signs of life and giving me a respectable 18+% gain for the 6 months and a few days that I have been doing this.  The original object of course was to achieve a 100% return for the year, so I am still behind the 8 ball, but I do have some tricks up my sleeve, and I think I can still pull it off.  I am holding off on selling CMM, as it's making some gains on good volume, and I think we could see 60 cents shortly. We just need some good news.  If it were to make it to the 60's, I be tempted to pull the trigger and move on, as this has been much too long a time frame for me.  On the IVM, I'll hold until I get my money back and a small profit, which I think could be quite soon.  Stocks I'm looking at are SBR (Silver Bear) and VST (VAST Exploration) as well as NGM (Northern Gold Mines). 

Current Portfolio:

$ 5,500.00    10,000  CMM @ .55 cents (bid 55 - 56 ask) - (originally purchased July 26th costing $4810.00 .48 per share cost)
$ 6,248.00      7,100  IMV @ 88 cents (bid 88-90 ask) - (originally purchased Sept 9th costing $7110.00 - 1$ per share cost)
$     55.00     CASH

Current Value $11803.00 .

Original Investment $10,000
Portfolio Start Date July 26, 2010
To Posterous, Love Metalab