Benjamin Borden's "Best Canadian Stocks"

Well the market seems to be having some real momentum problems right now. I really don’t know what to make of things. Last Monday the market opened with a strong bull run but faded quickly to end almost in the red by the end of the day. The story du jour was that the Chinese were maybe somehow, somewhere, sometime in the future considering letting the Yuan rise against the Federal Reserve Note. But the lack of substance to this story makes me think it was at best a non-story by some lazy journalist drones or at worst a misleading story by some enterprising journalist drones. Today I was stopped out of Anderson Energy (AXL.TO) and Canfor (CFR.TO). CFR.TO was especially weird since it rocketed up yesterday to around $8.65 only to collapse down to around it’s previous low today. I still think highly of both companies and may try to enter positions in them again in the near future.

I’m still invested in other stocks if things start to rise again so I’m not going to beat myself up on AXL and CFR if things go on a tear from here. This is what stops are designed to do – automatically get you out of sketchy situations so that you can live again to fight another day!

One Response to “Market Momentum Mundane”