Buy Sell and Tell Investments

The price of oil increased $5 to $139 a barrel another record, not surprising the stock markets were down; surprisingly oil stocks were down as well. It’s certainly interesting times when the Dow Jones is at a 21 month low and oil is at an all time high. I bought call options on Petro-Canada (T-PCA, […]

Nexen Inc (T-NXY, N-NXY; oil and gas producer) shares were down over $2.00 yesterday on no news when oil prices were actually up. The sell off continued today after the US reported a draw down in crude oil inventories sending the price of crude down over $4.00 a barrel before recovering to $134 a […]

Looks like I was wrong about BCE Inc options being mispriced as the stock did trade higher on Monday but the high was only $38.12 Cdn. I thought BCE would trade between $38-39 Cdn, but instead the trading range was closer much closer to $37. Since the Telecom sector isn’t something I’m familiar […]

Friday was an interesting day for BCE Inc (T-BCE, N-BCE) as the Supreme Court of Canada was scheduled to make a ruling either to allow the take over to proceed or to allow the bond holders appeal to succeed. BCE is the target of a friendly takeover at C$42.75. The ruling was scheduled […]

Shorting opportunities:
I’ve been looking for more shorting opportunities for a while but still haven’t found a really good candidate. Casinos, retail stores and restaurants is where I have been focusing my attention because as the recession in the US worsens, these sectors should get hammered. The problem with shorting these sectors is that the stocks […]

Stock portfolio change:
I re-established my short position on Toll Brothers Inc (N-TOL; home builder) after the stock had a little rally by buying more put options. The June $22.50 puts cost $2.25. My preference is to have shorted a stock that was more dependent upon discretionary spending such as a restaurant or casino, […]

Stock portfolio change:

I sold my long position in CV Technologies Inc. (T-CVQ, biopharmaceuticals) for $0.51 after having bought it for $0.68; this resulted in a loss of 25%. CV Technologies sells Cold F/X the cold medication recognized by Health Canada. The stock was purchased after it released quarterly earnings of $0.08 after having pulled […]