Week 3

This week we were looking forward to selling some of our stock. Our portfolio overall is doing well. We are #2 in the US and #7 in the the Canadian dollar game.

 We have been meeting on Friday’s and found we  wanting more time for trades ,so decided to do this first thing at our meeting.  Westjet (WJA) and Walmart (WMT) were down from last week, disappointing, and so we chose to sell them. We talked about selling these shares short; this made us nervous since what we read on Investopeida suggested this was an activity for more experienced traders.  We sold part of both these stocks and short sold the balance.

 We had also discussed getting some bank stock added to our portfolio. One of our instructor’s states weekly in class, “don’t owe the bank, own the bank”. We completed some comparative quick research with a tool located on the globe investor.  This suggested buying TD (US) ‘strongly’, so we did. Lulu lemon Athletica (LULU) we added as a Canadian purchase this week based on the performance and the fact we love their products. Canadian Natural Resources (CNQ) has been our strongest performing stock. We talked about selling some of the shares and banking the profit made so far or using the profit to buy other stocks. In the end we bought several more shares of this stock. If you are on a roll stay on a roll.

We made 7 transactions this week. It was very exciting.  It is a long weekend in Canada so markets will not open until Tuesday, while the rest of the world continues on Monday.