Stock Trades: Sold TriOil Resources

buy-or-sellToday, I sold 1,000 shares of TriOil Resources (TSXV:TOL) from my HELOC account.

In at $3.11, out at $3.78, profit=??+21.00%??after commissions.

Trade Commentary

Last time I sold my position in DeeThree Exploration, I had a feeling I was leaving money on the table and it turned out to be true. The Share price of DTX ended up $1 above my sell price exactly 1 month later. Today, I have the same feeling that TOL will be going above $4 pretty soon but this time it’s slightly different, I only sold half of my position so I’ll be waiting for the $4 level with my other half. I believe the market will have to cool down sooner or later so I’d rather exit sooner and miss profits rather than later. A ROI of 21% in LESS than 4 weeks is nothing to spit at so this is pure profit taking. While I intend to go all the way with ‘sell in May way before May and go away’ this year, most of my holdings in this portfolio have not hit their profit targets yet. On the other hand, I’d like to keep a few stocks like Eagle Energy Trust for the generous income from a 100% oil production with 0 debt and a total payout ratio below 100%. The plan for 2012 would be to start with capturing a portfolio ROI of 20% for Q1 2012. This would be a perfect start for the year, will energy stocks meltup for 1 more month?

Have you been buying or selling? Where do you think the market is heading?