Social Icons

Wednesday, March 7, 2012

Welcome in my stock investment portfolio Chorus Aviation Inc. (CHR.B)!

I didn’t perform day trading on Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) today. It’s not anytime soon that I will be winning the day trading game. At this point, the hot stock market is all upside down. Performing some trades in the hope to sell on the exact same day is a real bad idea. It barely made any sense at all. However, I did proceed with 2 investment moves today in my personal investment portfolio: Chorus Aviation Inc. (CHR.B) and First Majestic Silver Corp (FR).

A reader had introduced me to Chorus Aviation Inc. (CHR.B) a little while back. It caught my attention again today while gaining close to 5%, closing the session at 3.35$. Chorus Aviation Inc. (CHR.B) had reported a good financial situation for 2011. It’s partly why I decided to invest in CHR.B. Also, Chorus Aviation Inc. (CHR.B) is based in Halifax it’s a Maritime stock. I invested about 500$ on this one, not more. I wouldn’t feel comfortable investing more. The title is a bit volatile, but at 3.35$, I didn’t have anything to lose. CHR.B pays a quarterly dividend. Its dividend yield is of 18.692%, 0.60$ annually per share. This makes me kind of remember Yellow Media Inc. (YLO), low stock price, super value dividend stocks. However, CHR.B is in much better shape than YLO. I wouldn’t recommend to anyone to invest thousands of dollars in CHR.B, but just a 500$, it’s cool, you can certainly go ahead with a cutty 500$ investment, but not more. I plan to keep CHR.B in my personal investment portfolio.

Also today... ok, I must admit I did try to perform day trading tactics today, but not on HZD, on one of my favorite of all time: First Majestic Silver Corp (FR). I invested in a few shares at 18.40$, I was hoping for FR to hit the 19$ today... but as the hours passed by, I was getting tired, so I just entered an automatic sell order at 19$, and that was it. Following what, I will be done with day trading. But this time, it’s for real. I did say before that I wouldn’t be performing day trading again... and today well, I went back to it. It’s a real good thing that I didn’t invest in HZD today because I think FR is a better short-term investment company choice than HZD. Anyway, this was the real last day trading move like ever.

If the bankers can have good words for the global market conditions tomorrow, the TSX could gain points and I may be able to sell my FR at 19$ and, why not, 20$ per stock... Why not. I want this done and completed.


Anonymous said...

As you already own shares of FR, the purchase you did today will change the average cost for all your shares. When you sell, your profit will be calculated from your average cost and not the price you paid today.

The accountant

Sunny said...

Yeahhh it's the average, unfortunately. My very first purchased back in May 2011 was made at 19.34$, and today was 18.40$. At 19$, I will just enter in my money, I won't be making any money....

tooooooo bad.

Think I am going to do those quick buy and sell moves anytime soon?

Don't think so.


Anonymous said...

good luck. again you are fooled into the yield of 18%. there's a reason why it's that high. look at big banks, they don't pay 18% dividends or not even close, but yet their profit is at least 100x more... don't be greedy, stick with big quality companies. you are derek foster fan, but yet you don't really follow his advice. i don't see any PG, CG or recession type proof companies. this could be another YLO type company, watch out.

Sunny said...

That's exactly the reason why I only invested 500$ in CHR.B. And it's also why I said that CHR.B is not good to invest thousands in it, just a 500$ to "play" in is just ok.

I also know it could be another YLO type of company, that's what I wrote, but it's not likely.

Anonymous said...

Why is Air Canada's stock and Chorus cost under 5.00, and why is Westjet over $10.

Chorus Aviation is Air Canada Jazz for the most part. There is an agreement in which Air Canada buys the seats on Chorus Aviation, or Air Canada Jazz, planes.

Air Canada must fly to places whether that route is popular or not because of government rules. Air Canada flys into like Deer Lake, NFLD and other places. Also take into effect the union and pension issue.

Westjet, there are no unions, and their workers own part of the company.

So, I definitely wouldn't put more than 500 into this, has it will gut its dividend. It use to be an income trust. I wouldn't buy westjet as it pays to low of a dividend yield.


Thank you

Thank you for visiting!
Blogger Templates