Still holding everything that I purchased this year - oil, gold, metals and bank stocks. Recently I added Encana which is trading at a low along with natural gas prices. Encana is a gas play while it's sister company Cenovus is the oil play.
in the past few months, I made some decent money writing out of money covered calls and out of money uncovered put options. This works great in slowly recovering stocks like CSCO, ECA, MFC, COS and TD. I am doing 1 month options collecting between 2-3% return. I was thinking 3 month calls/puts and may do in February.
On the speculative side,I added MSQ, NOT and OPC as tax loss plays - noticed tax loss selling and took advantage of the situation. plan is to let it run up and then take profits and keep a portion and let it ride.
There are some folks that continue to say we are in for a lacklustre recovery, Europe is in debt trouble and China is going to raise rates to cool the economy off. Adding to that, the general population is still very tentative when it comes to investing, as many were burned during the last crash in 2008-2009.
Surprisingly, the market has climbed a wall of worry and many investors that held on recovered all their losses. As this happens, people start to get more confident and this could potentially cause a market bubble. I am watching sentiment very carefully to see if this bubble will form and which segment.
Have a Merry Christmas everyone and best of luck in the new year in your trading and investments. Hoping that Santa will come and give us a nice present this year in the form of a huge rally.
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