Friday, May 1, 2009

May Updates

I had to write exams and then of course party afterward so I haven't really had time to learn anything interesting about Mr. Market.

Looks like a shit load of what I said in my last post came true. Even that drilling company I mentioned is up 90%. At least now I know what some good bullish signs to look for on a CANSLIM stock. eg. Intelligent analyst making good points, fund managers saying they own it and would buy it, price depressed but looking like it might technically break out.

I haven't changed any positions myself, lumber and steel canadian small caps, GDL and SML. Still in BAC, god bless america, eh. I'm looking for some more canadian value plays, possibly in the energy sector if the right stock comes around. Still not convinced we won't retest the lows for no good reason other than late bad news digestion.

I've also got to bust my ass for the CFA level 1 exam while starting my ivnestment research internship. Damn industry barriers.