NEWMONT MINING (NEM)

I sold my position in Newmont Mining yesterday Sept. 26 at $45.53 for a 9.5 percent profit. I held it for 4 months. I still like Gold but with it at an 18 year high we might have a pullback before going higher.

NEW TRADES Citigroup, BDV, & DOG

Today the Fed cut rates by 1/2 percent point and the stock market skyrocketed by over 300 points. Financial stocks have been hammered during the past several months because of the sub-prime loan problem and the weak housing market. The Fed cut signals that they are going to address the problem, thus the big upswing in the stock market. Right after the Fed announced I bought Citigroup and Black Rock Dividend Achievers which is heavily invested in Finanacials. I have been waiting for a sign to get into some of the big banks and this could be it. There are several other financials I like such as Washington Mutual, Bank of America, and Wachovia.
I purchased Citigoup (C) at $47.74 and it pays a 4.6 percent dividend.
Citigroup operates through a network of 8,140 branches, approximately 19,100 automated teller machines, 708 automated lending machines, and the Internet. A truly global powerhouse in the Banking & Investment world and a blue chip company.
Black Rock Dividend Achievers (BDV) was purchased at $13.90 per share and pays a 6.5 percent dividend. I already own shares in BDV so this is an addition to shares already owned.
My other trade was DOG which is a bet that the stock market will go down. I sold my position at $58.36 for a 2.7 percent loss. I am no longer so pessimistic on the stock market, especially if the Fed keeps cutting rates.

Hawaiian Electric & Cental Fund of Canada

I made new purchases Friday of Hawaiian Electric (HE) at $20.86 which now pays a 6.0 percent dividend. I made previous purchases of this company at a much higher price and hope this is the bottom.
I sold shares in Central Fund of Canada (CEF) at $9.40 for a 4.1 percent gain. I held for 3 months and again will wait for a price below $9.00 for another purchase.

ishares Dow Jones US Technology (IYW)

I made my first purchase in over a month today. I bought shares of ishares Dow Jones US Technology (IYW). This is a ETF or Exchange Trade Fund and the top ten holdings are Google, Apple, Microsoft, Intel, Cisco, Hewlett Packard, Dell, IBM, Oracle, and Qualcomm.
The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Technology index. The fund uses a representative sampling strategy to try to track the index. The index measures the performance of the technology sector of the U.S. equity market. The index includes companies in the following sectors: software and computer services and technology hardware and equipment. It is nondiversified.
Shares were purchased at $60.98 and will most likely hold long term.