I need a reality check on two Stocks. Stock symbols are WFI and CMH and both are traded on the Toronto Stock Exchange. Request your opinion from anyone who plays the market.

I watched my TSP get hammered last fall and decided I could mismanage my money on my own as poorly as the professionals. Bought four books last November, opened a Scotttrade account and my account is up 60% as of today.

"I watched my TSP get hammered..."

You do realize that you can shift over to the the safety of the "G" fund when times get rough? It serves as a safe harbor when other funds take a beating.

I dont contribute anymore to the tsp. Moving to G fund now is a little late. Last Sept would of been good, but I will avoid funds in the future and manage it myself.

quote:

Originally posted by 7769693:
I dont contribute anymore to the tsp. Moving to G fund now is a little late. Last Sept would of been good, but I will avoid funds in the future and manage it myself.

Don't buy stocks when they are low? So basically you contributed past and now they have tanked so you stop buying...

Buy now.

I stopped my allotment to the tsp and opened a scottrade account and invested more then I was putting in the tsp....these stocks are up 60%.

All this was in my original post.

I've never been a fan of TSP. You can do so much better with a private investment firm. Only way I would recommend TSP to anyone is if they already have an IRA and are already making maximum contributions. Looking at both these stocks, my opinion is that your money would do better else where(preferably a stock that pays a dividend)

Thank You Cleetus

If you are looking for a little long turn investment you might want to take a look at siri.

That Sat radio. I bought in at .10 a share back in Jan and things are looking up for this stock.

There's a reason the stock is priced as low as it is. This company has a lot going against it. It has a large amount of debt for one. A large chunk of it's new subscriber base comes from new car owners and we all know new auto sales are in the toilet. I caution anyone to do there homework prior to buying any penny stock.

SIRI does appear to have alot of debt and has not posted a profit in a long time. If you have more then tripled your money I would hit the cash register on at least half of your stock, but it's your money.

CMH is a penny stock but from my read of fundamnetals it has no debt to speak of. It used to a 3-4 dollar stock and went through some tough times, but reorganized and streamlined. I heard about CMH through another CG member who works on the ATON side. The conferance call sounds decent.I'm up about 40% since I bought, but I would sell half if I had a 300% gain like you did in SIRI,even though the fundamentals look solid on CMH.

Maybe SIRI is going to be taken over and that is why the stock tripled. I might do some more homework on it.

quote:

Originally posted by Tsumerix:

quote:

Originally posted by 7769693:
I dont contribute anymore to the tsp. Moving to G fund now is a little late. Last Sept would of been good, but I will avoid funds in the future and manage it myself.

Don't buy stocks when they are low? So basically you contributed past and now they have tanked so you stop buying...

Buy now.

Can't agree more. What does it matter if your stocks are getting "hammered", if you don't need to retire or use the money within 5yrs?
My stocks have plummeted also, but I have been able to double my position in the last yr & 1/2. My stocks will be worth significantly more at the end of this recession, compared to the beginning. I have also taken the opportunity to purchase many more securities that I have been eying for quite awhile. However I haven't sold or transferred one darn thing. Losses can be claimed up to $3500 yearly on taxes, however.

Personally the TSP is not for me, since I am an active investor w/ a little more knowledge; however I can see how it can be very convenient and useful for others. Before speculating you should probably look first into contributing fully to a Roth IRA or retirement account. I started mine at 20; which was a sometime ago for me.

I don't recommend penny or volatile stocks; but in commodities that will always be "needed" by consumers globally.