Sofame Cash Flow Positive - Share Price Still In The Toilet
So Sofame still seems to be making progress towards ---- well ---- whatever its progressing towards, presumably profits, Profits, PROFITS!!! One can only hope.
Although Q1 profit was down from 2012, I`m taking heart in the fact that they are still evidently a profitable company. They closed 7 orders in 2012 and had results they call "better than expected." Read story.
The share price is still down at impending-bankruptcy-levels of 1.5 to 2.5 cents a share so the company`s future must not be all roses, sunshine and stretch limos.
Thank goodness I did so well with this portfolio when I first began because I`ve been doing pretty crappy for some time now.I`m still in, and trying to consolidate a little bit, dumping the stocks that have been performing badly - and I don`t expect any change.
The recent silver lining is my selling of Afri-Can Marine (AFA) at $0.06, it closed today at $0.055 and continues to look weak.
Earlier today I put in an order to sell REB Gold (RBG) at $0.095 and managed to sell 9,000 of the 11,000 shares I owned.
Let`s see what the morning brings...
The Bleeding Has Stopped I Hope On Much Of My Portfolio
And as promised, here are the other stocks in my portfolio for which I haven`t (yet) set a sell price, primarily because I`ve lost a lot on them so far and I think (maybe incorrectly) that the bleeding has stopped...so if and when I can get some cash I`ll probably buy more of these.
Calico Resources (CKB) - Started buying in 2011 at $0.53...continued to buy until $0.24. Now at $0.20/$0.21. Consistant insider buying up until November 2012 which kind of mirrors my own buying. I need a $0.52 price to make 25%...not bloody likely. Based on insider buying alone this is one that I feel like averaging down on.
Canadian Oil Recovery & Remediation Enterprises - CORRE (CVR) - Originally bought at $0.52 down to $0.355 and then made a profit selling at $0.56. Bought back in at $0.335, $0.20 and $0.155 last year. Now ...
The Stocks I'm Looking To Sell Sooner
Going through the stocks I currently own, I split them up into basically 2 categories:
The stocks where with just a "little" gain I could make a half-decent profit and will try to get it, or want to sell off now because I don`t think it`s going anywhere.
The stocks where I`ve lost a fair bit of money so far but there`s reason to believe they`re on their way back up and would buy more if I had the cash.
Although in some cases, a "little" gain is misleading as a 5 cent gain for a 2 cent stock (SDW) would more than double its share price. But anyway...here are the nine stocks where I`ve set a sell price. I`d be thrilled to sell a few of them by the February 22 expiration date of my order at the prices I`ve set.
Afri-Can Marine (AFA) - Originally bought in at $0.145 & $0.085, subsequently dumping at $0.08 - good thing too as it dropped by half. Bought back in at $0.04 and $0.035 ...