Skip to content

Week 4 Portfolio Update

I got smacked around along with everyone else last week, losing about 5%.  Still I am up almost 3% since inception 4 weeks ago.  I tried to use the volatility to reallocate money towards the stocks that are working the best, and away from what has not been working.

I sold out completely of OceanaGold and Klondex Mines.  I’ve talked about the former in a post already; of the latter it is a mine not yet producing, and so prone to problems, and as I felt the debt ceiling problems would be resolved I did not want to be too overweight in gold stocks.

I sold out of Novus Energy, which had less to do with Novus and more to do with Second Wave and Coastal, which I wanted to money to add to. I also sold out of Newcastle Investments in favor of more Oneida Financial.  I gave my thoughts on Oneida in the last post.

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: