A Stop Loss was triggered for Pengrowth Energy Trust (PGF.UN-T) @ $12.75 on November 9th, for a net profit of $308.25 . A few more of those trades and I’m getting some good returns, and reduced commissions as well. I really liked Pengrowth since it has great growth potential, and an excellent dividend yield. So I was sad to see it sold, but I stick to my plan. Stop Losses help prevent real losses and maximize profits. I will buy Pengrowth again should the price decline or there is a breakout.
From the proceeds of Pengrowth I purchased 50 shares of Rogers Communications (RCI.B) @ $36.25 on November 11th. Rogers declined on October 26th, from missed earnings reports, and was on my watch-list. So I was pleased to purchase the stock at a discount. My target price on Rogers is $40 to $41 per share, which I expect to achieve by January 2011.
My next purchase will be 50 shares of Cisco Systems (CSCO) next week, as long as I am able to purchase under US $20 per share. The massive sell-off on November 11th, pummeled the stock – which is now at $19.61 US per share, nearly a 20% discount. Cisco is also offering a dividend in 2011, which makes it attractive should I need to hold the stock for the long term.
|Company||Symbol||Bought||Sold||Shares||Buy Price||Sell Price||Net Profit||% Profit|
|2010 Net Profits||$308.25|