Rss Top Picks FeedRss Daily Feed| Click Here to receive daily reports of the TOP PICKS OR your personal stock choices | STOCKCHASEWhat the experts are saying! |
| There are 11 registered members and 77 guests viewing the site. | Follow us on Twitter | Rss Top Picks Feed | Rss Daily Feed |
| Bill Carrigan of Getting Technical Info Service |
|---|
| TOP PICK | ProShare Ultra Short 20+ yr Tr. E.T.F. | TBT-N | 35.740 | Ultra Short 20+ US Treasury ETF. He is a bull so is bearish on bonds. | 2010-07-16 | ||
| TOP PICK | BMO NASDAQ 100 Equity Hedged-CAD | ZQQ-T | 14.120 | NASDAQ 100 Equity Hedged-Cdn. Likes to go long tech and this is hedged with the Cdn$. | 2010-07-16 | ||
| TOP PICK | iUnits S&P/TSX Materials E.T.F. | XMA-T | 17.690 | S&P/TSX Materials ETF. Likes materials in general. This one gives you gold, timber, metals and agriculture. | 2010-07-16 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Secular trends. 1968-1982 started with nifty 50s and ended with the “new economy”. In between was a sort of clutter. These usually persist for about 12 to 14 years, which include 3 bull & bear markets. The 2nd cycle is usually the big “granddaddy bear”. If 2000-2010 will consist of 3 cycles, the 2nd cycle was completed in 2008 so there is one more cycle to go. Historically the “granddaddy bear” would be 2008-2009. We now have one mini-bear to go and then will move on to our next big upswing which he thinks will be an echo tech boom. | 2010-07-16 | ||
| PAST TOP PICK | SPDR Technology E.T.F. | XLK-N | 21.373 | (A Top Pick Aug 28/09. Up 7%.) Technology ETF. Still like this one. | 2010-07-16 | ||
| PAST TOP SHORT | Shoppers Drug Mart Corp | SC-T | 36.070 | (A Top Short Aug 28/09. Up 16.5%.) When the market took off in March/09, the stock did not participate, which is why the picked this as a Short. | 2010-07-16 | ||
| PAST TOP PICK | Barrick Gold | ABX-T | 44.000 | (A Top Pick Aug 28/09. Up 15%.) This is a bellwether. Expecting it to get above its highs. | 2010-07-16 | ||
| HOLD | Western Canadian Coal Corp. | WTN-T | 3.960 | Chart would indicate it has had an ABC correction so he thinks it has already had its correction. Also, the July low is a little bit above the February low. Thinks the worst is over. | 2010-07-16 | ||
| BUY | Connacher Oil and Gas | CLL-T | 1.320 | Has had an ABC correction and the C did not make a new low. Oil/gas has already been through a corrective period so you should be okay with this one. | 2010-07-16 | ||
| Comment | Suncor Energy Inc | SU-T | 32.330 | Chart shows the 200-day moving average is around $34 area and he thinks the stock will rally to around $38. This company has a lot of work to do. Thinks this is a trading stock so when it gets up to $38, trade out of it. | 2010-07-16 | ||
| DON'T BUY | Galleon Energy Inc. | GO-T | 4.070 | Chart is showing quite a bit of weakness relative to its peers. If you are currently in this, don't average down but consider reducing out of it. | 2010-07-16 | ||
| BUY | Intel | INTC-Q | 21.020 | Likes the tech sector. If you believe in the growth of economy and emerging nations, you have to believe in these stocks because they will participate. Only have 20%-25% in any one sector. | 2010-07-16 | ||
| BUY | Westshore Terminals Inc. | WTE.UN-T | 17.860 | This is still in an up trend. They would use this as a bellwether for the economy. He's a good distribution and is also growing. | 2010-07-16 | ||
| BUY | Cisco | CSCO-Q | 22.750 | If you're bullish on what lies ahead, you have to like this one. Went to far above the 200 day moving average this year and then drop to far below. There was a bit of a micro-bear in the next move should be up and then it's off to the races. | 2010-07-16 | ||
| BUY | Uranium One Inc. | UUU-T | 2.850 | Chart shows a big upward movement since mid-June. Its peers have also been moving up so it is a sector play. Likes what he sees in the group. | 2010-07-16 | ||
| BUY | Trans Canada Corp | TRP-T | 36.190 | In a growth channel and chart is showing higher lows. The trend is intact and the sector is healthy. | 2010-07-16 | ||
| BUY | Agrium | AGU-T | 61.940 | The agriculture sector has good signs and he likes it. It was too far below the 200-day moving average, then was to far above it and is now to far below but is rallying up. | 2010-07-16 | ||
| WATCH | Goldcorp Inc | G-T | 42.440 | Currently at the lower end of the trading range so watch for a move back. He would like to see Barrick (ABX-T) confirm. They should both move together. Gold sector is getting people irritated and gold bugs are getting fed up so institutions are lightening up. This is a good sign. Watch for a breakout. | 2010-07-16 | ||
| DON'T BUY | CML Healthcare Income Fund | CLC.UN-T | 9.950 | Chart shows a fall during 2010. What the market is saying that the 10.7% distribution might be in jeopardy. | 2010-07-16 | ||
|
| |||||||
| BUY | Research In Motion | RIM-T | 55.410 | I lot of people freaked when it took out $60 and then it broke down to the upper $40's. The low in 2010 is a little bit higher than the low in 2009. It had a major ABC correction, which he thinks is over. | 2010-07-16 | ||
| Comment | Bank of America | BAC-N | 13.980 | Stock is in a trading range. Wouldn't want it to go below the previous low of $13.50 of a few days ago. If you own, start reducing it goes below $13.50. | 2010-07-16 | ||
| DON'T BUY | Kinross Gold | K-T | 16.600 | Started to break out in late 2009 but something happened at the street didn't like. Has been dropping since then. | 2010-07-16 | ||
| TOP PICK | SPDR Technology E.T.F. | XLK-N | 20.280 | Technology ETF. Likes technology but rather than buying an individual stock, buy the index. Thinks Cdn$ climb is done so you shouldn't get hurt too much by currency exchange. Had a giant spike in 2000 and then went through a long base, which had to digest the damage done by the spike. Had a low in 2002 and a higher low early this year. Now expecting a 2nd echo technology boom driven by Internet, China, etc. | 2009-08-28 | ||
| TOP SHORT | Shoppers Drug Mart Corp | SC-T | 42.950 | Not participating with the rest of the market. A laggard. Either Short or if you own Sell. If you Short don't let it go over $46. He thinks the stock will take out the 52-week low of $41.39. Before Shorting, you could wait to see if it goes below $41.39. | 2009-08-28 | ||
| TOP PICK | Barrick Gold | ABX-T | 38.730 | If gold breaks out, large caps are going to go. Go with an ETF or one or two of the big guys. The key is, gold will run up, the yield on the bonds will start to run up also. When the yields get above 4%-4.5% and it is too frothy and you get out. | 2009-08-28 | ||
| PAST TOP PICK | Bombardier Inc (B) | BBD.B-T | 4.060 | (A Top Pick July 3/08. Down 42.74%.) Had a stoploss of $6.30 so he was only down 12.6%. No one wants to pay up on aerospace so when the air clears this should move. Buy. | 2009-08-28 | ||
| PAST TOP PICK | Cameco Corporation | CCO-T | 30.430 | (A Top Pick July 3/08. Down 26.92%.) Stopped out with a 11% decline. Chart looks bullish. Alternative energy plays are going to be uranium, natural gas and coal. Wind, solar, etc. is a lot of money for what you are going to get out of it. | 2009-08-28 | ||
| PAST TOP PICK | Gillette Co | G-N | 58.200 | (A Top Pick July 3/08. Down 13.23%.) Was stopped out at a 14.3% decline. Not a gold bug but thinks in the fall gold will break out above $1000. Gold stocks are lagging so the ones that will follow the price of gold will be the big caps. (See Top Picks.) | 2009-08-28 | ||
| BUY | Viterra Inc | VT-T | 9.860 | Doesn't like potash stocks but does like this. An under performer at the beginning of this rally, has consolidated and formed a nice base and thinks it will rally and break out. Period from March to now looks like an elevated base. Take the advance from December to March and measure from the beginning of the corrected period (semi-log scale not linear), which brings you to about $15. | 2009-08-28 | ||
| HOLD | Rubicon Minerals Corporation | RMX-T | 3.310 | Using birds of a feather strategy he thinks the sector is going to do rather well. Chart shows a flag from July to now, which is bullish. Expect it will take out the peak of $3.79. | 2009-08-28 | ||
| HOLD | Zarlink | ZL-T | 0.700 | This is in a very good sector and he thinks it will work out. Most of your returns in the marketplace is determined if you are in a Bull or Bear as opposed to individual stock selection so even a poor stock will do well in a Bull market. Chart shows higher highs but MACD shows lower lows creating a divergence that thinks the MACD will give a surprise upwards. | 2009-08-28 | ||
| WATCH | First Uranium Corporation | FIU-T | 2.640 | Has been in a downward trend since May, which may be because of their South African location. 50 day has turned below the 200 day moving average but the MACD is showing a higher low, which is indicating that the down is over. The sector starts moving up you will probably get a rally in this giving you a chance to get out. | 2009-08-28 | ||
| SELL | HBP NYMEX Nat'l Gas Bull+ | HNU-T | 2.420 | NYMEX Natural gas bull+ ETF. This is a leveraged play and leverage is a killer. He would play natural gas stocks, not the ETF. If the natural gas downtrend drags on for another month or two, it is possible that they may have to shut down some of the ETF’s. Would move out of this and into a natural gas stock such as Breaker (WAV-T), Crew (CR-T), Fairborne (FEL-T), Galleon (GO-T), Progress (PRQ-T), Talisman (TLM-T). Buy 2 or 3. | 2009-08-28 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Thinks natural gas will bottom sometime in the fall because it is so ridiculously over extended. The ratio between natural gas and crude is a historical deviation so it eventually has to come back to the mean. Natural gas stocks, by and large, bottomed in April, rallied and they are sitting at a higher low in July. None of the big Canadian natural gas players have taken a new low, which tells him the low is not sustainable. Stocks to consider are Breaker (WAV-T), Crew (CR-T), Fairborne (FEL-T), Galleon (GO-T), Progress (PRQ-T), Talisman (TLM-T). Buy 2 or 3. | 2009-08-28 | ||
| PARTIAL SELL | Teck Resources Ltd. (B) | TCK.B-T | 27.550 | Sector is hot and the market decided this company was going to survive. Also coal currently is on fire, which is probably the prime driver behind this. Trending higher but if you own, take a little bit off the top. Expected to consolidate and be flat for a while and then move higher. | 2009-08-28 | ||
| DON'T BUY | Potash Corp of Saskatchewan | POT-T | 99.190 | Doesn't like the potash stocks. | 2009-08-28 | ||
| BUY | Northgate Minerals Corp. | NGX-T | 2.460 | Thinks it works higher from here. There is a definite uptrend. 50 day moving average got too far away from the 200. Now in a congested period. If bullion breaks out this fall as he expects, this one will join in. | 2009-08-28 | ||
| Comment | Baidu.com | BIDU-Q | 339.530 | Formed a short base Dec, Jan and Feb. Considering the global environment during that period; it was surprising it didn't fall further. It started moving up when the rest of the market bottomed in March, which indicated it had great strength. He would be nervous about shorting this. | 2009-08-28 | ||
| SELL | Perpetual Energy | PMT-T | 4.900 | 12.3% yield. Eventually they are going to have to go corporate. He wouldn't want to wait around to see if it was going to be successful or if there were going to be a cut. Looking at the chart, he doesn't think it is going anywhere. | 2009-08-28 | ||
|
| |||||||
| WATCH | Ford Motor | F-N | 7.730 | This stock is still going up. On the dailies, watch the 10-day lows. If you are in for the longer haul, watch the 10-week lows. | 2009-08-28 | ||
| HOLD | Toyota | TM-N | 86.260 | No sign of any breakdown. Shows a series of higher lows. Looks like it is going higher. | 2009-08-28 | ||
| DON'T BUY | Claymore Natural Gas Commodity ETF | GAS-T | 4.350 | Because natural gas contracts roll over and the CANTAGO there is a roll over value associated with it, it is strictly for traders. Very volatile. If you are bullish on natural gas, buying natural gas stocks, not the ETFs. | 2009-08-28 | ||
| Comment | Uranium One Inc. | UUU-T | 2.520 | Uranium. Used to be a component of the S&P/TSX 60. It got hurt for a while when it was taken off. Thinks it will be okay but he would rather be in Paladin (PDN-T), Cameco (CCO-T) or Uranium Participation (U-T). If you want to be in small-cap uranium, by 1 or 2 stocks, not just 1. | 2009-08-28 | ||
| TOP PICK | Onex Corp | OCX-T | 20.540 | Like the aerospace and industrial components. Thinks growth will be more on the global industrial side. Sitting on a lot of cash and he hopes they will do something with the money. If they announce a share buyback he would sell. Stoploss $17.20. | 2009-07-02 | ||
| TOP PICK | Power Share QQQQ ETF | QQQQ-Q | 35.600 | An alternative could be the SPDR Technology (XLK-N). This probably has a handle on what is ahead of us as far as expansion of the BRIC countries. Your best theme for the next 5 years. Stoploss $31.85. | 2009-07-02 | ||
| TOP PICK | Barrick Gold | ABX-T | 39.650 | The gold complex at the moment is the only sector that is operating inversely to the rest of the broader market. Hopefully, if the markets weaken, this will act inversely. This company is a bellwether. | 2009-07-02 | ||
| PAST TOP PICK | Bombardier Inc (B) | BBD.B-T | 3.350 | (A Top Pick July 2/08. Down 53% but because of his stop loss at $6.30 it is only down 12.62%.) Stock does not price in the aerospace side so you are practically getting that for nothing. | 2009-07-02 | ||
| PAST TOP PICK | Cameco Corporation | CCO-T | 29.580 | (A Top Pick July 2/08. Down 29% but because of his stop loss at $37 so it was only down 11.14%.) | 2009-07-02 | ||
| PAST TOP PICK | Goldcorp Inc | G-T | 41.370 | (A Top Pick July 2/08. Down 14.38%.) Nose dived in the last quarter | 2009-07-02 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Markets: Each time we move from a secular Bull to a Bear and vice versa, a new theme arises. We are now in a secular downtrend. Thinks there will be an “echo” technology boom because of the BRIC countries rolling out Internet access. (1st technology boom was in the 80's and 90’s.) | 2009-07-02 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Stop Loss Calculation: For an investor, go to Google and search “true range”. The lowest low 10 weeks ago also works well. If you are a trader use the lowest low 10 days ago. | 2009-07-02 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Cdn$: Cdn$ is driven by commodity prices. There has been quite a rally in the last 3 or 4 months. Has a high correlation with crude and base metals. It will probably pause and have a rest here. | 2009-07-02 | ||
| DON'T BUY | HBP NYMEX Nat'l Gas Bull+ | HNU-T | 5.030 | Natural gas. HPB NYMEX Bull+ or Claymore ETF (GAS-T)? There is no sign that the bear is over. Some of the stocks have moved in anticipation so he would avoid the natural gas stocks. The HPB is a double ETF while the Claymore is an inverse. He would recommend the inverse (GAS-T) and not mess around with the double. Don't buy on the way down. | 2009-07-02 | ||
| DON'T BUY | Claymore Natural Gas Commodity ETF | GAS-T | 6.530 | Natural gas. HPB NYMEX Bull+ or Claymore ETF (GAS-T)? There is no sign that the bear is over. Some of the stocks have moved in anticipation so he would avoid the natural gas stocks. The HPB is a double ETF while the Claymore is an inverse. He would recommend the inverse (GAS-T) and not mess around with the double. Don't buy it on the way down. | 2009-07-02 | ||
| HOLD | SXC Health Solutions Corp. | SXC-T | 29.890 | Has had a good run. Chart shows it is in a growth channel. Currently it looks like it's going to the top of the growth channel. Put your stop in at the lower channel. | 2009-07-02 | ||
| BUY | Alimentation Couche-Tard (B) | ATD.B-T | 14.000 | A stock that may be a safe place to hide. When investors get nervous they move into lower risks. Probably not a bad place to be. | 2009-07-02 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Gold: Some of the big gold stocks are acting very well and near their highs. Acting counter cyclically is positive for gold. Your portfolio should only have 5%, 10% tops. Keep an eye on them and see if they break through new highs. If they start rolling over, reduce your holdings. (See Top Picks.) | 2009-07-02 | ||
| DON'T BUY | Major Drilling Group International Inc | MDI-T | 18.090 | A bellwether for the metals and mining sector. Chart shows it running up from 2005 through 2007. Came down through 2008. A lot of the metals stocks have retraced 60% or 70% but has not occurred with this stock. Chart shows relative weakness to its peer group. Postpone the purchase, at least through the summer. | 2009-07-02 | ||
| PARTIAL SELL | Toronto Dominion | TD-T | 58.630 | Canadian banks were a screaming buy back in early March when they had yields of 6% plus. They are now up 40%-50%. If you own, consider taking some profits. | 2009-07-02 | ||
|
| |||||||
| PARTIAL SELL | Royal Bank | RY-T | 47.470 | Canadian banks were a screaming buy back in early March when they had yields of 6% plus. They are now up 40%-50%. If you own, consider taking some profits. | 2009-07-02 | ||
| DON'T BUY | TSX Group | X-T | 34.250 | Had a peak in the latter part of 07 and reached its low in the latter part of 08. Retracement to date is about 1/3. He would say it is displaying relative weakness compared to its peers. To him this is a bad omen. | 2009-07-02 | ||
| DON'T BUY | SNC-Lavalin Group Inc. | SNC-T | 43.420 | Infrastructure is probably an emerging theme but it is so obvious and he gets nervous when too many people are in the space. Had a rebound this year. He would be cautious. | 2009-07-02 | ||
| DON'T BUY | Denison Mines Corp | DML-T | 1.940 | Uranium stocks have had quite a run. To see how your stock is doing check it against the bellwether Cameco (CCO-T). This one has not done as well. | 2009-07-02 | ||
| BUY | Westjet Airlines | WJA-T | 10.640 | If things are not as bad as we think and the energy sector has cooled down somewhat, this might not be a bad bet. It's a contrarian bet but sometimes the best thing to do is to be in places early where most people don't want to be. | 2009-07-02 | ||
| BUY | Brookfield Properties | BPO-T | 8.640 | Thinks the REITs are okay. Looking at this one, he thinks it looks fine. This could be the surprise bet of the next 6 months. | 2009-07-02 | ||
| SELL | Opti Canada Inc. | OPC-T | 1.870 | If you own, you got bushwhacked by a secondary offering. He would reduce holdings but wouldn't buy more. | 2009-07-02 | ||
| DON'T BUY | Suncor Energy Inc | SU-T | 33.160 | Not a fan of the oil sands. When crude spiked, this one did not. The rebound from the beginning of the year is less than what crude had. This sector is not a “buy and hold” at the moment as there are too many overhead questions about it. | 2009-07-02 | ||
| Comment | iShares Cdn Corp Bond E.T.F. | XCB-T | 19.840 | IShares Cdn Corp Bonds. There has been quite a bounce in this because the spreads between riskier assets have now narrowed. Looking at the overall picture he thinks bonds are going to be stable from here on in. Tendency is towards higher rates so there may be another window of 9 months. Not too much risk but would be careful. | 2009-07-02 | ||
| DON'T BUY | Allen-Vanguard Corp. | VRS-T | 0.135 | This would probably make a good case study for the Canadian securities course. When you hear a compelling story, beware. When a story is too good to be true, it probably is. | 2009-07-02 | ||
| BUY | Trans Canada Corp | TRP-T | 31.160 | Time is probably right for stocks like this. At this point in the market cycle, he would like anything that has to do with existing infrastructure. | 2009-07-02 | ||
| BUY | Enbridge | ENB-T | 40.270 | Time is probably right for stocks like this. At this point in the market cycle, he would like anything that has to do with existing infrastructure. | 2009-07-02 | ||
| TOP PICK | Bombardier Inc (B) | BBD.B-T | 7.170 | Thinks this will be the beneficiary of the long-term theme of trains transporting people. Also, airlines are updating their fleets globally. Could be immune to the business cycle. His stoploss is $6.30. | 2008-07-03 | ||
| TOP PICK | Cameco Corporation | CCO-T | 42.500 | Thinks that a lot of the alternate energy plays are not going to work but uranium is here to stay. This is a long-term theme. | 2008-07-03 | ||
| TOP PICK | Goldcorp Inc | G-T | 46.600 | Thinks gold will be okay for 3 or 4 months. This is one of the few gold stocks that has made a 52 week high. | 2008-07-03 | ||
| PAST TOP PICK | Barrick Gold | ABX-T | 46.280 | (A Top Pick July 30/07. Up 28%.) Chart shows higher lows. Thinks it will run up to at least the old high of January. For the time being, this is the time to own gold stocks. | 2008-07-03 | ||
| PAST TOP PICK | IMAX Corp. | IMAX-Q | 6.290 | (A Top Pick July 30/07. Up 30%.) Had a nice breakout in December. Now forming an ascending triangle. Thinks the stock still has some future. | 2008-07-03 | ||
| PAST TOP PICK | Sears Canada | SCC-T | 24.990 | (A Top Pick July 30/07. Down 15%.) Had thought the parent company would be taking it over. Had a bottom in January and a higher low in June so it is starting to look good again. | 2008-07-03 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Crude: As it goes up, there is a point where the economy can't stand it. Thinks the magic number is around $130. Dow Transport chart shows a high in 2007 and trying to make a new high in May 2008. Transports are economically sensitive and are a bellwether. As soon as crude broke above $130, transports immediately nose-dived. As long as it stays above 130, the more trouble we've got and it extends the bear. There are signs that crude is getting tired. A lot of the energy stocks are not behaving well and there is some divergence between the stocks and the price of crude. | 2008-07-03 | ||
| BUY | Yamana Gold Inc. | YRI-T | 16.190 | Gold is counter cyclical to most markets. This one is at the bottom and he thinks is one would try to run up to the old top. | 2008-07-03 | ||
|
| |||||||
| DON'T BUY | Potash Corp of Saskatchewan | POT-T | 220.000 | Agricultural stories are very old ones and he doesn't like old stories. You want to arrive at parties early and this one started 2 or 3 years ago. Currently at the top of its channel and you want to get involved at the bottom of the channel. The danger is, the lower channel it eventually gets broken. Would be careful and let it settle down a bit. | 2008-07-03 | ||
| DON'T BUY | Agrium | AGU-T | 100.940 | Agricultural stories are very old ones and he doesn't like old stories. You want to arrive at parties early and this one started 2 or 3 years ago. Currently at the top of its channel and you want to get involved at the bottom of the channel. The danger is, the lower channel it eventually gets broken. Would be careful and let it settle down a bit. | 2008-07-03 | ||
| Comment | ECU Silver Mining Inc. | ECU-T | 2.330 | In the early stages of a bull market of a secular uptrend small caps do better than big caps. In the later stages, you're better off to stick with the big caps. This one is an under performer. If you want to buy, put a Stop at its recent low. | 2008-07-03 | ||
| DON'T BUY | iUnits S&P/TSX Energy E.T.F. | XEG-T | 108.250 | A strange ETF. Structure is not satisfactory. Have about 60 stocks with a lot of energy trusts, integrated producers, explorers and service companies. A hodgepodge. When you look inside, some will do better than others. The uptrend was recently violated. Topping out when crude is making new highs. | 2008-07-03 | ||
| BUY | Talisman Energy | TLM-T | 21.070 | This is a laggard, which is good. It eventually broke out but has now backed down and is testing. This might be a good entry point. | 2008-07-03 | ||
| WEAK BUY | Timminco Ltd. | TIM-T | 24.770 | A very slippery high-risk name. It is back down to the lower end of the trading channel so if you were going to enter the stock, this would be the place to do it. Bear in mind that every trend line is ultimately broken. Make sure you have a stop. | 2008-07-03 | ||
| Comment | Research In Motion | RIM-T | 119.880 | Is always too expensive. Keeps growing into its earnings. Thinks it will continue going up. Suggests you buy the iUnits Info Tech (XIT-T) which is about a third of RIM and you get all the rest. | 2008-07-03 | ||
| Comment | Questerre Energy | QEC-T | 3.100 | Technicians never buy into price spikes. If you own, you have been drawn into a compelling story. If the stock runs up again, fails to make a new high, your exit point would be at the last low it has made. | 2008-07-03 | ||
| Comment | Rogers Sugar Income Fund | RSI.UN-T | 4.490 | It is now back into support again. Not sure if high input costs caused it to drop. You are probably okay to buy it here. In a market like this, he would prefer a trust that has infrastructure such as pipes, lines and utilities. | 2008-07-03 | ||
| Comment | Western Canadian Coal Corp. | WTN-T | 7.500 | (Market Call Minute.) Doesn't like spikes. If it rallied a bit, he would get out. Don't let it violate its June low. | 2008-07-03 | ||
| BUY | Kinross Gold | K-T | 23.380 | (Market Call Minute.) Thinks it will run back to its old top. The old high is your spot. | 2008-07-03 | ||
| Comment | Chesapeake Energy Corp. | CHK-N | 66.780 | (Market Call Minute.) Thinks the chart is wedging. If it starts to fall out of it, say goodbye. | 2008-07-03 | ||
| BUY | Thompson Creek Metals | TCM-T | 17.590 | (Market Call Minute.) Has some support at its current level. Has been out of favour for a while, which gets him interested. Put in a stop. | 2008-07-03 | ||
| Comment | Visa Inc. | V-N | 78.070 | An IPO that hasn't been out too long so he can't chart it easily but it does have a symmetrical triangle. This one seems to be trying to come out the bottom. Look at MasterCard (MA-N) and see how it is doing. If it violates the trend line he would exit this one. They will both do the same thing. | 2008-07-03 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Financials: Ultimately there will be an entry point for the banks. Financials hit their critical low in March. Dropped today but at a higher low. If the higher low can be held it is probably quite good. If you are a traitor or want to take on some additional risk, buy the bank that has made the lower low. It might spring act more. | 2008-07-03 | ||
| WATCH | NAL Oil & Gas Trust | NAE.UN-T | 16.740 | Chart indicates a rising wedge the last few months, which is bearish. If it violates the low in June, he would start reducing. The sector itself is clearly running out of steam. | 2008-07-03 | ||
| HOLD | Railpower Technologies Corp | P-T | 0.540 | Has higher lows. The worst could be over. | 2008-07-03 | ||
| HOLD | 5N Plus | VNP-T | 10.600 | Watch the lows. You don't want it to take out the lows. Be patient with it. | 2008-07-03 | ||
| Comment | Nortel | NT-T | 7.750 | This is a hated stock and you want to own a hated stock when it is not making new lows. Hit a higher low, which is what you want with good volume. Technically, the place to buy would be when it breaks above its June peak of about $10.50. | 2008-07-03 | ||
| TOP PICK | Fort Chicago Energy Partners | FCE.UN-T | 10.530 | Has had a bit of a run lately, so short-term indicators are going to give you a Sell signal, but looking at the longer-term weekly charts, you're still getting a Buy. This is a large infrastructure play and he thinks the distributions are secure. Use a $10 Stop. | 2008-01-09 | ||
|
| |||||||
| DON'T BUY | Research In Motion | RIM-T | 99.420 | Thinks it peaked at the end of 07. Long-term it is probably going to go higher but needs a break. There will probably be quietness for quite a while. There are a number of lower highs, which is a caution. | 2008-01-09 |
