GDX - A longer Term Look

Written by MrStockFox. Posted in Trade Ideas

Everybody in the world has seen this inverse head and shoulders pattern on the gold stocks.  Any breakout above the 27.50 area would be very positive. The  first long term target would be the yellow zone on the chart above, over 50% higher from these levels.

Shorter term I would still like for the GDX to come back down and fill the gap marked in yellow.  This is where I would like to personally back up the truck on the gold stocks, by buying larger positions in SLW, FNV, BTG, SAND, GDXJ, etc.


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Kinder Morgan Inc (KMI) Increases Dividend

Written by MrStockFox. Posted in Dividends

kinder

Last week Kinder Morgain Inc announced a quarterly dividend increase of $0.01 from $0.42 to $0.43 per share.  This increase represents a 2.4% increase.

My portfolio consists of 45 shares of KMI, which increases my annual dividends from $75.60 to $77.40. The yield based on Friday's closing price is 4.7% and my yield-on-cost is is 5.25%.


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IBM - UPDATE

Written by MrStockFox. Posted in Trade Ideas

IBM broke out 2 days after posting the following triangle formation. I never got a chance to add to my position so for now I am going to continue to hold what I have.  Over the past couple weeks, IBM tagged both T1 and T2.  I expect it to consolidate between 190 and 195 for a couple more weeks before heading higher.

Original write-up below.

 

Continue Reading


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Weekly Purchases - 7/20/14

Written by MrStockFox. Posted in Weekly Update

marble falls

Photograph(above):

To add some variety to the website, I am going to start providing images from some of the amazing trips I have experienced over the years.  The following photograph was taken in Marble Fall, Texas in 2009.

This Week:

I apologize for the lack of posts over the last several weeks.  I had a death in the family just before I left for a scheduled vacation.  I didn't end up taking a computer because wanted to truly relax.  The following transactions happened over the last 2 weeks.

I Bought:

Dividend Income Portfolio (Total increase in income = $50.64)

$850 of Tech Resources (TCK) - This will add $29.88 to my annual dividend income.

$200 of Coach Inc (COH) - This will add $8.10 to my annual dividend income.

$50 of Walmart (WMT) - This will add $1.27 to my annual dividend income.

$50 of Kellogg (K) - This will add $1.39 to my annual dividend income.

$150 of Target (TGT) - This will add $5.25 to my annual dividend income.

$100 of McDonald's (MCD) - This will add $3.27 to my annual dividend income.

$25 of Hershey (HSY) - This will add $0.52 to my annual dividend income.

$25 of Mattel (MAT) - This will add $0.96 to my annual dividend income.

Commodities

$700 of Fission Uranium Corp (FCUUF) - I continue to add to my uranium holdings on weakness. 

$1600 of Reservoir Minerals (RVRLF) - I have never talked about this company on the blog but I have been a shareholder going on 3-4 years.  It is my speculation that Freeport-McMoRan Inc (FCX) will eventually take over this company.   Reservoir is part owner in one of the highest grade copper discoveries in recent years.

Speculation Tech Portfolio

$200 of Veeco Instruments (VECO)

  • About: Veeco Instruments Inc., together with its subsidiaries, designs, manufactures, and markets thin film equipment to make light emitting diodes (LEDs), flexible organic LED (OLED) displays, hard-disk drives, solar cells, power semiconductors, and wireless components worldwide. The company operates through two segments, LED & Solar, and Data Storage.

$200 of Mazor Robotics (MZOR)

  • About: Mazor Robotics Ltd., together with its subsidiary, Mazor Robotics Inc., is engaged in the development, production, marketing, and servicing of medical devices for supporting surgical procedures in the fields of orthopedics and neurosurgery in the United States, Western Europe, Eastern Europe, and Asia. The company operates in the field of image guided surgery and computer assisted surgery that enables the use of surgical instruments with precision and invasiveness.

I Sold:

If you wish to view all my completed trades, you can find them located here.

15 shares of FNV for a total gain of 31%.  I'm looking to buy this back on weakness.

200 shares of PVG for a total gain of 20%.  I have a huge position in PVG and wanted to reduce my overall exposure.  I still own over 3000 shares. 

14 shares of BIND for a total gain of 44%.  I plan to buy back this position around $8.75.  Hopefully it gets hit.

3 shares of FCX for a total gain of 26% which includes dividends.  I'm looking to buy this back on weakness.

Side Note:

My intent is to hold companies for many months and even for many years.  But with that said, if I see something in the charts or receive a large gain after owning the stock for a short period of time, I will sell my position and take profits.

Also, because the general market is up 30%+ over the last year I continue to be cautious when adding to my dividend portfolio and reducing some positions on rally's.  Many of the companies I am interested in buying are at all time highs.  I generally want to see a several week to several month decline before considering adding to a position.  Overall I continue to be overweight in my Commodities Portfolio and use most of my available funds to purchase in this sector.  In all accounts except my 401k I get FREE Trades.  This is why I can purchase only a couple shares at a time without exposing myself to a high commission percentage.


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Quick Update on gold market

Written by MrStockFox. Posted in Trade Ideas

I'm writing this from my phone so this update will be short and without charts.

I took more gold positions off by selling 75% of my FNV position for a total gain of over 30% in around 1 months time. 

Today could end up being a bull trap for many that bought the break out.  The excitement in the gold sector seems over done at this point and I think we will head into a higher low going into August. I believe that any retrcement should be bought.

 

I'm currently without a computer so my postings will be light for the next week or so.


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