Canadian Stock Pick of the Day - Understanding How it Works

Canadian Stock of the Day is for traders who are looking for a Canadian Stock to trade each day. I base my picks on Canadian Stocks I follow on the TSX or Venture Exchange, watching for a swing in the momentum upward. I keep a tight stop loss on all trades to minimize my risk... and allow the great stock trades to continue rising. These are not recommendations... merely entertainment. Please see the warning at the bottom of this page.

If you have any questions, don't hesitate to contact me @ contactdoctorstock@gmail.com. For a US stock of the Day, look at http://usstockoftheday.blogspot.com. Also, you may not be a short-term trader... for more stable, longer-term trades, check out http://investinthemarkets.com.

Tuesday, February 22, 2011

Canadian Stock of the Day for February 23, 2011

Tuesday was difficult for some, but not this portfolio:

Here's what is currently held:

YRI.TO started higher and ended lower... but still up from the $12.03 purchase price.  I'm keeping the stop loss for $12.10.

HCG.TO purchased at $57.98 sold at $57.90 - basically even and protected from significant losses if the markets continue to dive.

February 22, 2011... Bought NKO.TO @ $84.28 with a stop loss @ $83.40.  It closed today at $84.18 - the low for the day.

For February 23, 2011... choosing HXD.TO @ $8.37 with a stop loss at $8.25.

See you tomorrow!
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