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

updates

Well lots has happened since my last post.

None of it really belongs on this blog so i will look at the market. Many of my ideas to invest in have gone gangbusters. I still have some that are interesting, but the list has shrunk.

Banks are somehow instantly viable again as the share prices of several have nearly tripled, see Wells Fargo.

Biovail continues to be held and earnings due out May 6th. CLCT should be soon. It will be interesting now that they have removed the Jewellery business how much if any the earnings will be?

My current watchlist has companies like Sherrit, Sierra wireless, ADF group, H. Paulin and many others. While most have gone up 50-100% very quickly others remain low like H. Paulin.

I like to look at my 'CRAP' (can't realise a profit)list to see if companies can come back from the dead. Cott corp, Abitibi, QLT, USS shipping, Canwest global and Liquidation World have all made this list. While about half are down greatly or gone bankrupt the others like Cott have made nice gains, which could offset the large losses. Brick brewing a recent addition had signs of life on Friday.

I had all but forgotten about Urainium stocks except for Cameco, Denison and Uranium one. Mega Uranium however would have been the one to watch. The others have done ok too, but they appear to be a hot sector again. That said what isn't right now... Pharmacueticals!

While this site was intended for options ideas my strategy and focus has shifted greatly. That isn't to say i dislike options, but the VIX made them too expensive for how i intended to use them. I will add ideas on occasion in the future.

Google reader is great for catching up on reading blogs. It also tracks what i do or do not read. Blogs like Simoloen sense are jam packed and have many neat articles, but i have neither time nor inclination to read it all. I prefer blogs that post a few times per week with well laid out ideas or thoughts. << If only i could achieve this?

One last small company to look at is Omega Protein. Has some pretty good looking stats.

DH