So I’m here in Toronto at the moment taking care of some business and also just having fun with friends. As I prepare to get ready to head back to the US, I just wanted to point out that its SNOWING here! I love watching the snow just cover up all the tiny litter on the streets and its a nice clean blanket.

Tuesday was not a bad day on the market for myself, I managed to pull out a $500US profit which was not bad. Most of the time I was studying for my board exam and about an hour or so making a couple of trades. I manged to generate some income. Cant complain.

My watch list for today will be:

(AUY), gold has been on a run as of late and AUY is usually following this pattern closely. Rather than buying gold bullion, I usually stick with mining companies. I’m going to look for a a limit buy at some point if heavy volume comes in at the open. If not, I’ll just get in early and out after some profits.

(RIMM), yes, RIMM again, its basically going up and down the same pattern for a while now. Pull the chart back and watch the patterns. Its how I have been trying to move and its been a safe run thus far. Though I would never bet the farm on one particular stock, I will get in early on this one again.

I still have 300 shares of (GM) that I am sitting on from a few weeks back that I will look to unload soon. I am sure the bailout can happen but would rather put that money into another company and ride that for more gain. Here is a video on some American general sentiment, maybe you share the same points?

For more news, I have posted another video which can summarize the market news.

I will be looking at Best Buy (BBY) on the short side perhaps. Its almost doubled from its Thanksgiving period lows at which time I was divided on buying the stock on the long side. Its ran up quick from that 52 week low and with the earnings news out now, I am hoping that the price might drop again. Sales are slow, margins on products are smaller, expenses are still high..it all has to drop the stock price. BBY is trying to trim the fat and over time this stock will go up, just hoping for some profit taking Wednesday before the next swing to the upside.

As of right now, after a huge surge at the open, the Asian markets are running flat to negative so tomorrow could be interesting to watch. Could it be the opposite of today where we had a flat day before a power move to the upside? We will see.

That is pretty much for Wednesday in terms of investing. I have a property that needs my attention today so will be occupied with that and of course, how can I forget about the USMLE.

Happy Investing!

Aman, MBA

Ps. I’m still raising money for the local Food Bank here in Toronto. If you like to donate via Paypal, it will greatly help. Otherwise, I wish you all help a local charity this holiday season. We can all make a change.

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