Long time hold?

Well new entry time.

Biovail has gone up slowly. It keeps hitting new highs which is a good sign. They have used up most of their cash, started to issue debt to grow and the market seems to like it. I am not convinced and haven't quite decided when to sell yet. I have impeccible timing on selling just before a rally and no doubt this time will be no different.

I have added a few new companies to my watch list and tried to weed out everything from my list. To do this i have created a reject list and have put dates when the were put there a brief reason why (ie to expensive or no earnings) and a possible price when i should revisit it.

Some new companies added are: KSU-N, ORA-T, PTEN-Q, BBEP-Q,

I have also started to consider: YLO.UN-T, AKT.A-T, PAP.A-T, SNY-N

as a few other places to park money after (yes someday i will) selling BVF.

In general the companies that i found extremely cheap 6 months ago now appear fairly valued (well to me anyways). Such as EGD-V, QUA-T, and BCB-T. Many others haven't faired so well, but in general the market seems fair with current earnings (to me).

I follow many blogs thanks to the wonderful google reader. One of my favourites, Squakfox, just gave me her new book for responding to her question 'what is your best money saving advice tip'. Mine was to just use low cost funds or ETF's, and take every opportunity to take the governments money such as RRSP's, RESP's and TFSA's.

One side note: i was reading Moneysense magazine earlier (I like many still enjoy reading print over computer screens) and it really hit me how thin it had gotten. I sorta liked not having the adds taking up most of the magaizine. Kind of intrigued i grabbed an older copy (i have kept most of them since 2004) and compared how many adds.

Not only were the November '04 adds mostly 1 or 2 pagers, but they were close to tripple that of my recent Moneysense May '09 copy. 12 adds today compared to 33 in '04. Wow that has to hurt the margins. Many of my favourite writers are gone too which is a double whammy. Thankfully i can check most of these writers out online.

Back to actual investing i still have a soft spot for drillers. Besides Akita, KEG-N and PTEN-Q both look interesting.

Others on my watchlist include: ALDA-Q, VCM-T, MT-T, MRD-T, ABO.a-T, ARTW-Q, & a few others.

I will post again hopefully with new buys.

DH