Canadian Dollars Blog

On August 2nd, I sold SINA for a decent return . Since then it has been on a wild ride rising to over $45.00 and then with the recent fears of a double dip recession, it has taken a beating. I'm going to patiently wait this one out and have put in a stink bid under $40.00 should it dip. I still view this as a good play long term, but I sold out earlier this month to lock in some gains. Patience is the key word here.

My first sell within my TFSA: bought: SINA at 37.56 sold: SINA at 43.17 I plan to deploy the cash into a high dividend stock. This stock wasn't intended for a long term hold either. With the recent run up in Danier Leather shares, I am considering trimming my position as well. With the stock up 78% year to date, I may consider taking 1/3 off the table and deploying for another use. Will report further.