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 5 registered members and 67 guests viewing the site. | Follow us on Twitter | Rss Top Picks Feed | Rss Daily Feed |
| Hap (Robert) Sneddon FCSI of Castlemoore Inc. |
|---|
| 1 First Canadian Place |
| Suite 3700 |
| Toronto ON |
| M5X 1C9 |
| 416-306-5770 |
| Hap (Robert) Sneddon FCSI's website |
| Toll Free: 1-877-289-5673 |
| Fax: 416-664-8801 |
| robert@castlemoore.com |
| DON'T BUY | Progressive Waste Solutions Inc | BIN-T | 21.060 | Charts aren’t telling us much. It had a little bit of a bottom last August and another test in December and is now into a bit of an upward trend. It's close to meeting its upward resistance. There are probably better opportunities elsewhere. | 2012-01-19 | ||
| TOP PICK | Enbridge | ENB-T | 36.580 | Chart shows a strong uptrend from early 2009. Feels that with the Keystone problems, this is going to be a net beneficiary. | 2012-01-19 | ||
| Comment | Ford Motor | F-N | 12.610 | Shows a little double bottom in mid 2011 followed by a minor upward trend. The major downtrend from $19 has been somewhat broken but doesn't necessarily mean it is going to go up from here. Expects there will be resistance at around $14.50, which would be the 1st step followed by a 2nd step of $18.80 | 2012-01-19 | ||
| HOLD | Inter Pipeline Fund | IPL.UN-T | 18.100 | Chart shows a long upward trend from early 2009. No reason to sell it right now. If it broke $18, you're probably going to get some interest and also at $14. If it broke $17.90, you may want to take some off the table and pick it up again around $17. | 2012-01-19 | ||
| HOLD | Ivanhoe Mines | IVN-T | 19.540 | This one has an up trend going during the latter part of 2011. Had a little break at around $18.75, which would indicate it is probably going to go back to visit something around $12. If so, this would be a double bottom when it could then take off. New lows are successively higher. Ride the trend up and if it goes higher. If it breaks that, the whole materials sector is probably not going to have the run. | 2012-01-19 | ||
| BUY | Pembina Pipeline Corp | PPL-T | 27.360 | Chart shows a very strong uptrend from 2009. Fantastic dividend. Has dropped back but is holding at its support level. If it breaks below support, it'll probably come in at about $24. Risk/reward is excellent. | 2012-01-19 | ||
| TOP PICK | SNC-Lavalin Group Inc. | SNC-T | 54.540 | In a good space and the risk/reward is pretty good. Recently broke out of a base at around $49 and could come back to that. Good management. | 2012-01-19 | ||
| BUY on WEAKNESS | Teck Resources Ltd. (B) | TCK.B-T | 42.220 | Chart shows a downward trend line from early 2011, which has just been broken. He is hoping to Buy this on a bit of a pull back at around $35-$36 range. Well managed company. | 2012-01-19 | ||
| BUY | Baytex Energy Corp | BTE-T | 57.010 | There is a little bit of resistance at around $60. Chart shows a reverse head and shoulders, which is a pretty powerful pattern. If it gets above $60, you have a whole new set of investors that will come in. He likes the oil sector. If you own or buy, put a stop in at around the $50 level. | 2012-01-19 | ||
| Comment | Lake Shore Gold | LSG-T | 1.360 | Was a bit of a dog last year and then late last year and early this year it started to run but has now pulled back again. The chart puts the odds in your favour in an immense way. If it goes back to $1.20 level, treat it as “all bets are off”. Sentiment indicators are at a low and may stay at a low. Risk/reward is fantastic. | 2012-01-19 | ||
| WATCH | GOOG-Q | 639.570 | Just reported disappointing earnings. Revenue is still up 30%. There are lots of places for support. If a came off 8%, it would take it to around the $600 level. There are a lot of places for support and there are probably a lot of people that would step in over time. If you own, wait until 10:30-11:00 am to get past all the traffic jam and noise and you can kind of see what is going to happen. | 2012-01-19 | |||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Markets. We are due for a bit of a pause but we are safely above the November low. The ranges that you get in the fundamentals as well as the technicals makes you think “Are we going to get something that no one thinks about?”. This could be the fly in the ointment. | 2012-01-19 | ||
| BUY on WEAKNESS | Hudbay Minerals Inc. | HBM-T | 11.480 | Copper is at 17 week high and some of these stocks are starting to move. Chart shows a downtrend starting in late 2010 and broken in late 2011. Now we are hoping for a successive set of new lows. He expects some kind of a minor pullback. If it pulled back into the $9 range, he would load up. Good space to be in. | 2012-01-19 | ||
| PAST TOP PICK | Bell Aliant | BA-T | 27.950 | (A Top Pick Jan 5/11. Up 11.82%.) Picked them because of fibre optics to the home. World-class leaders in what they do. A little more debt than he would like but a fantastic yield. | 2012-01-19 | ||
| Comment | Petrominerales Ltd. | PMG-T | 20.560 | Chart shows a downtrend from early 2011. Last year wasn't a good place to be. If you own, put a Stop in at $15.20. Had a good day today and is starting to move into the space where the market kind of wants to go. There are a few charts out there that look better than this. | 2012-01-19 | ||
| Comment | Neo Material Technologies Inc. | NEM-T | 7.990 | Rare Earth. There has been a big bounce back in the space. There is resistance at the $8 range. The downtrend has been broken. Would like to buy it at above $8. This is one of the areas that has started to move up. If you own, put a Stop in at $7.50. | 2012-01-19 | ||
| Comment | Fortress Paper | FTP-T | 31.130 | Lumber has eeen decent and has moved up with the housing stocks. Chart shows lower lows, which is pretty positive. There will be some overhead resistance at around $45. | 2012-01-19 | ||
| PAST TOP PICK | iShares Canadian Long Bond ETF | XLB-T | 23.190 | (A Top Pick Jan 5/11. Up 18.87%.) Canadian Long Bond ETF. Gives a little bit of both corporate and government bonds. He is hoping for a little bit of consolidation right here. | 2012-01-19 | ||
| TOP PICK | PowerShares DB U.S.$ Bull ETF | UUP-N | 22.350 | DB U.S.$ Bull ETF. Measures the US$ against a basket of currencies. Downtrend has been broken and now has an uptrend so risk/reward is really good. | 2012-01-19 | ||
|
| |||||||
| WATCH | Sandstorm Resources Ltd. | SSL-X | 1.290 | Gold streaming company, not mining. Chart is fantastic going upwards from late 2009. Currently there is little wedge pattern happening and if there is a little bit of a breakout at around the $1.40 range, it would buy. Currently above the 50-200 day moving averages. If it breaks below $1.15, it will probably test at about $1. Looking for a high of $1.70 if it breaks out. | 2012-01-19 | ||
| Comment | Chipotle Mexican Grill | CMG-N | 358.090 | Chart shows a long upward trend from early 2009 but there was choppiness in 2011. Has a little bit of a wedge pattern so if it broke down to about the $325 level, there is probably a good chance to Short there and the most logical place for support would be at around $288-$290. Shorting when you have such a nice trend can be dangerous. If you want to buy, try to get it at the $330 level. | 2012-01-19 | ||
| PAST TOP PICK | ProSh UltraShort Euro ETF | EUO-N | 20.190 | (A Top Pick Jan 5/11. Down 3.1%.) Ultra Short Euro ETF. This one was a short-term trade. Sold when he saw the downtrend coming. | 2012-01-19 | ||
| TOP PICK | BCE Inc. | BCE-T | 40.530 | Has a nice long trend from early 2009 with some resistance at $41.70 where we could run into some problems but he doesn't think that is going to be the case. Lower volatility. | 2011-12-15 | ||
| Comment | Bank of Nova Scotia | BNS-T | 48.740 | Chart shows a rounded top followed by a trend line break earlier this year. A little support is showing at around the current price but you want to see the price go up to $49-$50, which would indicate a new floor. Would rather consider insurance companies. | 2011-12-15 | ||
| Comment | Encana Corp | ECA-T | 18.710 | Into some base building right now but still has a slight downtrend to it. Nothing is driving this stock to get higher but when something is basing, the downside is limited and that is where he would really like to go in. | 2011-12-15 | ||
| TOP PICK | Enbridge | ENB-T | 36.240 | The best-of-breed. Oil/gas storage and transportation is a fantastic place to be. Should outpace Canadian or US GDP expectations. Most importantly it has a relentlessly bullish technical profile. Decent yield. | 2011-12-15 | ||
| PAST TOP PICK | Fortis Inc. | FTS-T | 32.230 | (A Top Pick Nov 19/10. Up 6.29%.) Sold his holdings. | 2011-12-15 | ||
| Comment | Husky Energy | HSE-T | 24.040 | The energy sector is one of those that are right near the bottom but that's not always a bad time to be looking. Try to get at $22 with a trailing Stop. It could be pretty reasonable. | 2011-12-15 | ||
| BUY on WEAKNESS | Potash Corp of Saskatchewan | POT-T | 40.250 | Chart shows a down channel. Any up side move would probably create selling. We are at the end of this seasonal time of the year for the agricultural sector. Broke down through its 125 day moving average recently. Looks cheap, but will probably get cheaper and he would love to get it in the low $30's. | 2011-12-15 | ||
| Comment | Sunlife Financial | SLF-T | 18.990 | It is trying to make some sort of bottom. It either holds at the current price or goes to $16. Indicators are kind of low but sometimes indicators can waffle before they make a move up. Insurance companies need 2 things to happen. Interest rates to go up and a strong stock market. | 2011-12-15 | ||
| WAIT | Suncor Energy Inc | SU-T | 27.590 | Chart looks like it wants to come back to the $25 level. It is still in a downtrend. If it breaks to $25, $22 is where it probably goes to. Seasonal period doesn't start until February, so you might want to wait. $25 looks like a good place to step in. | 2011-12-15 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | S&P 500. Chart shows that for the last 3 months, this has been forming a wedge. You are supposed to only get about 75% into the wedge before there is a resolution. It will either break up or down out of the wedge. That is what the market is waiting for. | 2011-12-15 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Trend lines with candlestick charts? If you have a lot of little short wicks at the top, it is fine to use those for drawing trend lines. If you have larger bodies with smaller wicks it makes more sense to use the bodies. | 2011-12-15 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Copper. He would like to see copper hold at the current price, otherwise it will probably revisit the $3 range. | 2011-12-15 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Oil. Doesn't see it holding at $120. Could stick around in a band between $80 and $105. Rather than playing oil, he would rather have something in the oil sands that pays a dividend. You want to play commodities, you have to shorten your time frame dramatically. | 2011-12-15 | ||
| DON'T BUY | Osisko Exploration Ltd. | OSK-T | 9.530 | Chart shows a little double top at the end of 2010 and early 2011 followed by a breakdown through the trend line. He would look for support at around the $8 range. If it didn't hold there, you are probably looking at $5.50. | 2011-12-15 | ||
| PAST TOP PICK | Bell Aliant | BA-T | 27.760 | (A Top Pick Nov 19/10. Up 13.24%.) They are world class when it comes to fibre optics for the home. Has good support in the $27 range. | 2011-12-15 | ||
| BUY | Extendicare REIT | EXE.UN-T | 7.310 | Forming a basic pattern which looks to be a pretty good thing. Healthcare is a good sector to be in. If you buy, put a Stop in below the $7 range. | 2011-12-15 | ||
| PAST TOP PICK | iShares Canadian Long Bond ETF | XLB-T | 23.190 | (A Top Pick Nov 19/10. Up 17.9%.) Canadian Long Bond ETF. Sold his holdings. | 2011-12-15 | ||
|
| |||||||
| TOP PICK | PowerShares DB U.S.$ Bull ETF | UUP-N | 22.560 | US$ Index Bull ETF. Chart shows the downtrend broke and it is now into an uptrend. US$ fell for the 2 years of the mini bull that we had but we could still have a decent stock environment and the US$ going up. | 2011-12-15 | ||
| Comment | Orko Silver | OK-X | 1.530 | Silver. Broke down through a trend line earlier in the year and just recently broke down through the 125 day moving average, which doesn't look too hot. Looks like it is going to go back to the $1.10 range. Watch the volume and if you have a couple of days and it spiked down low and held there with a lot of volume, it could settle out at around $1.30. | 2011-12-15 | ||
| Comment | Orbite Aluminae | ORT-T | 2.280 | There is a little bit of support at the current price and you could buy now. It had better hold or you might see $1.70 followed by $1.40. | 2011-12-15 | ||
| TOP PICK | BCE Inc. | BCE-T | 39.690 | In the right space. Nice up-trend. Nice dividend. Makes geniuses out of all of us. Recent earnings were descent. Ranked number 2 in his huge list. If rates go up it will affect defensive stocks but he does not expect higher rates. He would add to this today. Good support around $39 and then at $37.50. A nice up trend. He would like to see it break out. There is no evidence to say that the dividend trade will not go on. | 2011-11-15 | ||
| BUY | Eldorado Gold | ELD-T | 19.550 | Pretty good-looking pattern. Came back to support and if it broke down we would see $17. Looks like a buy. | 2011-11-15 | ||
| TOP PICK | Enbridge | ENB-T | 34.820 | Infrastructure plays will grind out over the next couple of years. A bit of a topping process and could move to the $32 range, not dramatic and he is comfortable with it. Dividend announcement in December. Thinks there will be a 10% upside on the dividend announced. | 2011-11-15 | ||
| PAST TOP PICK | Fortis Inc. | FTS-T | 33.440 | (Top Pick Nov 19/10, Up 10.12%) A year is a long time in these markets. If we get above the $33.80 range then it may continue up. | 2011-11-15 | ||
| BUY | Finning Int | FTT-T | 22.080 | A stock he is looking at. In an area that is doing well shorter term. Resistance at $24.50. He would like to see it break through that. This is going to have legs for investors. | 2011-11-15 | ||
| WEAK BUY | Iamgold Corp | IMG-T | 21.600 | If it gets above $23-$25 it would be a knock out buy. Prefers ELD because it is less volatile. | 2011-11-15 | ||
| DON'T BUY | Pan American Silver | PAA-T | 25.990 | We are at a stop level here. If it would probably go down to $25 range if it continues down, or up to $30 if it turns around. Would prefer silver bullion to this stock or some better names. | 2011-11-15 | ||
| HOLD | Pfizer Inc | PFE-N | 19.870 | A good space. Defensive name. Prefers JNJ. Seeing higher lows this year. Could come down to a higher low. Ranked 5th on his list. Would hold it. | 2011-11-15 | ||
| TOP PICK | Jean Coutu Group (PJC) (A) | PJC.A-T | 13.140 | It is trending up. Broke out of $12.50 level. Did a good job of strengthening their brand. He would be adding to it right here. | 2011-11-15 | ||
| WAIT | iUnits S&P/TSX Energy ETF | XEG-T | 17.160 | It’s hard to see oil getting up to $100. Energy has two seasonal times. Right now is not one. He starts in February. If it goes above $17.70 it will move up by $3 even though seasonal are not lined up on it. He would rather look into some of the names within the ETF. | 2011-11-15 | ||
| SELL | Uranium One Inc. | UUU-T | 2.640 | There is some risk. There will be support around $2.40 and then around $2 and then $1.90. It is weaker shorter and longer term. Nothing technically is driving it up right now. Below $2 sell it. | 2011-11-15 | ||
| BUY | Avon Products Inc | AVP-N | 17.610 | If it is a significant distribution, then you might want to wait until after an X dividend date to pick it up. The bottoms at the beginning of Nov. and now are a good place to buy. Looks at it as a trade. | 2011-11-15 | ||
| WEAK BUY | Hartford Financial | HIG-N | 17.700 | Looks good. Would like to see it get above $21. Insurance companies need stocks and interest rates to go up. Buy on a dip and then unload at resistance. Not a long-term investment. | 2011-11-15 | ||
| N/A | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Market: There is a difference from what traders are doing and what investors are doing. Traders are focused on technologies and commodities; investors are in utilities, consumer staples, healthcare and also healthcare because it has a long term up trend. Headlines are heading toward what traders want. No leader wants to say that we are in a structural grinder and it will take time for the things in Europe to work out. Gold is still in a long-term bull market as well. US and Canada are setting the stage floating out the trial balloons that we may need some quantitative easing / rate cutting. | 2011-11-15 | ||
| BUY on WEAKNESS | Hudbay Minerals Inc. | HBM-T | 10.400 | The downward trend has been broken but it looks like it wants to revisit the October low. We are coming to the seasonal strong time for the sector. The risk reward is really good. | 2011-11-15 | ||
| PAST TOP PICK | Bell Aliant | BA-T | 27.580 | (Top Pick Nov 19/10, Up 11.11% Total Return) Still likes it. Has a boring trend. | 2011-11-15 | ||
| BUY on WEAKNESS | Canfor Pulp Products | CFX-T | 11.440 | Done nothing but trend downwards since summer. In seasonality we are getting into a firmer part. It should take off from the November low. Buy about $11 | 2011-11-15 | ||
|
| |||||||
| BUY | Open Range Energy Corp. | ONR-T | 2.000 | We had a pitch change in the rise in September. It’s hard to do technical analysis on ones like this because it has more fundamental upside. | 2011-11-15 | ||
| PAST TOP PICK | iShares Canadian Long Bond ETF | XLB-T | 22.550 | (Top Pick Nov 19/10, Up 14.86%) Sold because his bond model for shorter term indicated it. They are not that liquid. | 2011-11-15 | ||
| DON'T BUY | Avion Gold | AVR-T | 1.900 | It was trying to get through the $2.60 range and then it gapped down, which is not positive. We probably have support right were we are now. Prefers other, bigger names. | 2011-11-15 | ||
| BUY | Athabaska Oil Sands Corp | ATH-T | 12.430 | If we get above the $13.90 it will go to the upper end of the range. Support where we are right now. | 2011-11-15 | ||
| WEAK BUY | Overseas Shipholding | OSG-N | 14.340 | All the indicators are pointing down. But we have a couple of times it hit the bottom of the chart. It looks like it wants to go higher. It looks like the worst is over. Probably a good risk/reward | 2011-11-15 | ||
| DON'T BUY | Harry Winston Diamond Corp. | HW-T | 12.180 | 125 day moving average was broken. Head and shoulders pattern was broken. If he saw it go much lower he would find a better name. If you see it get back above $17, buy it. There are better names out there. There is no momentum. | 2011-09-21 | ||
| BUY | Canadian Natural Rsrcs | CNQ-T | 31.970 | A little bit of support right where it is now. This is probably a pretty good risk/reward. If it breaks down then get out and wait for $27. | 2011-09-21 | ||
| PAST TOP PICK | Emera Inc | EMA-T | 31.650 | (Top pick Sep 20/10, Up 18.20%) It was matter of deploying capital to a better place. If it gets into his target zone again he will come back to it. | 2011-09-21 | ||
| BUY | Goldcorp Inc | G-T | 51.510 | There is a definite trend. It is closer to setting new highs. By around $47 or above $55 meaning there will be new buyers. | 2011-09-21 | ||
| WEAK BUY | National Bank of Canada | NA-T | 68.180 | He would buy this if he buying banks, which he isn’t. Collect your dividend until January at which time it could move. It is his favourite of the Canadian banks. | 2011-09-21 | ||
| TOP PICK | Jean Coutu Group (PJC) (A) | PJC.A-T | 12.300 | Likes it better than shoppers. Last earnings were pretty good, beating estimates. Executed well. | 2011-09-21 | ||
| HOLD | Superior Plus Corp | SPB-T | 8.550 | There has been no good story on the 3 year chart. You have some support about 3 years ago. Don’t sell it and don’t average down. If it broke down with some volume by 3% by Friday, get out next week. | 2011-09-21 | ||
| TOP PICK | Transalta Corp | TA-T | 21.950 | Likes it because it bounced from where it was in a trading range. Excellent risk to reward. The company has guided higher. Fantastic yield. | 2011-09-21 | ||
| BUY | Cineplex Inc | CGX-T | 26.070 | He likes this because it is defensive in nature. A nice long 3-year trend. Bit of a hiccup earlier this year. Would like to see it break out above $27. It went up today when the market went down. 5% dividend. | 2011-09-21 | ||
| N/A | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Operation twist by the fed was expected. It was not net new money but it was the emphasis. We have about another week or two to go to see where the market is going. If we break down from here there is a long way to go. There are no net new things going on today. He thinks we are getting an investment bottom. | 2011-09-21 | ||
| HOLD | Daylight Energy Ltd | DAY-T (Dead) | 6.210 | At this point your risk/reward is so good, it might be the kind of investment he would like to buy. Coming back to a multi year low. Hang on with stop around 20% from here. | 2011-09-21 | ||
| WAIT | Extendicare REIT | EXE.UN-T | 7.470 | You would like this to be a defensive name in Canada. IF it broke lower with momentum, you are looking at the $6 level. At 11% you have to ask if it is sustainable or has the market miss-priced it, or will the distribution come down. | 2011-09-21 | ||
| BUY | Premier Gold Mines | PG-T | 6.650 | Had a trend break earlier in the year. Then another started again. This one looks more like the rest of the market than the other golds. Put in your stops. | 2011-09-21 | ||
| PAST TOP PICK | CurrencyShares Japanese Yen E.T.F. | FXY-N | 128.570 | (Top pick Sep 20/10, Up 11.63%) He likes it now. He had to get out of it because of the Canadian dollar moves. | 2011-09-21 | ||
| BUY | PowerShares DB U.S.$ Bull ETF | UUP-N | 22.030 | US $. Resistance had been broken through. He is pretty bullish. It looks like the trend from the last two years is over. Thinks currency should be a component of every one’s portfolio. | 2011-09-21 | ||
|
| |||||||
| HOLD | Avion Gold | AVR-T | 2.450 | Operates in Africa and had a great looking chart. You have initial trend, then a higher pitch and then higher pitch again. It is going parabolic. You should take some money off the table. | 2011-09-21 | ||
| TOP PICK | HAP Seasonal Rotation ETF | HAC-T | 12.230 | (Top pick Sep 20/10, Up 9.68%) Would like to add it it. He likes what they do. Likes their methodology. That is THE most important thing in investing. This is seasonal trend investing. Is in a good up trend and has good support. He likes that they are disciplined, which he believes gets results. | 2011-09-21 | ||
| HOLD | WestFire Energy | WFE-T | 5.540 | If this stock is going to so anything it should pick up in October. A bit of a base forming where it is right now. If it broke through to the downside, he would sell. | 2011-09-21 | ||
| DON'T BUY | Brigus Gold | BRD-T | 1.660 | Sees a bit of an up trend. But it is more included to break below the triangle than above it. This name does not look as strong as others. There are better names out there. | 2011-09-21 | ||
| DON'T BUY | Allana Potash Corp | AAA-T | 0.990 | Parabolic move, then it dropped. It is tough to say where you have support. Probably about 60 cents you have to sell it. Look to a big name. | 2011-09-21 | ||
| Comment | Barrick Gold | ABX-T | 45.920 | Chart shows a down channel. Not a screaming buy yet. Breaking above the down channel would make it a more convincing buy. Would prefer bullion. | 2011-08-08 | ||
| WATCH | Agrium | AGU-T | 74.810 | If we get some stability in the market, these are places are going to get well quickly. Seasonality for fertilizers is from July into later fall. | 2011-08-08 | ||
| WATCH | Valeant Pharmaceuticals | VRX-T | 38.230 | This one is in the right space but the big drop-off is pretty significant. Next support he is hoping for is in the $36 range and he hopes it will hold there. Thinks you could get this in Sept-Oct at the same level, plus you get the time to wait and see clarity on the market. | 2011-08-08 | ||
| PARTIAL BUY | Cameco Corporation | CCO-T | 22.410 | There was a breakdown where it had gapped down to about $32. Chart now shows a clear downtrend but there is support at its current level. He thinks the risk/reward on this is pretty good. Long-term, the stock should take out the $44 high. | 2011-08-08 | ||
| PAST TOP PICK | Emera Inc | EMA-T | 28.140 | (A Top Pick Aug 18/10. Up 13.76%.) Had a significant breakdown at around $30 and he got out slightly lower than that. | 2011-08-08 | ||
| Comment | First Quantum Minerals | FM-T | 21.130 | Breaking through the $120 level was critical. It either holds at around $100 or it will come in at around the high $80’s or low $90s. (Please note. A viewer corrected us as we had the wrong symbol. Reviewed our tapes but not sure where BNN got their figures from. They show current price as $103.64 but this stock has never gone beyond $29.60 in 52 weeks.) | 2011-08-08 | ||
| HOLD | Manulife Financial | MFC-T | 12.530 | It looks like the stock will come back into the $10 range. Last year the company said they needed 2 things for their business plan. They needed both the stock market and interest rates to go up. | 2011-08-08 | ||
| TOP PICK | Jean Coutu Group (PJC) (A) | PJC.A-T | 11.060 | Consumer staples is a good place to be in the summer. Also a good place to be if we have a lower growth environment. Sales were up in nonprescription drugs by 6%. Executing really well. | 2011-08-08 | ||
| WATCH | Potash Corp of Saskatchewan | POT-T | 49.110 | If we get some stability in the market, these are places are going to get well quickly. Seasonality for fertilizers is from July into later fall. | 2011-08-08 | ||
| WAIT | Teck Resources Ltd. (B) | TCK.B-T | 37.810 | Had a little bit of support in the low $30’s, which means there will probably be some buyers coming in around $35. Data shows this stock is in the right space. The big question is, what is this correction the market is in. You have to pick your spots. | 2011-08-08 | ||
| DON'T BUY | Teva Pharmaceutical | TEVA-Q | 36.340 | Healthcare in the US had a pretty good run followed by a precipitous drop. There are probably better names. | 2011-08-08 | ||
| PAST TOP PICK | iShares 20+ yr Tr. Bond ETF | TLT-N | 105.550 | (A Top Pick Aug 18/10. Up 4.5%.) 20+ yr treasury bonds. A bit riskier play because of the currency. His target was $106 but this made have to be revised if it breaks above its old high of about $108. | 2011-08-08 | ||
| Comment | Wi-Lan Inc. | WIN-T | 5.660 | Chart shows 2 trend lines. First one was gradual up to mid-2010, followed by a sharper one. The last trend line has now been broken. It will probably hold at around the current level. There is support at around $4.90-$5. Feels that no matter what happens in the market, there will be some good places to be in technology. | 2011-08-08 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Oil. The next place he sees support is around $80. Would like to see it hold here. Once it gets below this, the question will be, is it a bigger correction. Still a good, long-term place to be but you have to be conscious of your price. | 2011-08-08 | ||
| WAIT | Tim Hortons | THI-T | 42.420 | Consumer staples is a great space to be. Would like this to hold at around its current level. The upper trend line got broken, which tells you that something is changing. Chart shows a bit of a double top. When a stock breaks a trend like this one did, you have to give us some wiggle room. | 2011-08-08 | ||
|
| |||||||
| Comment | Silvercorp Metals Inc. | SVM-T | 7.980 | Chart shows some bigger support at about the current level. The long up trend had 2 peaks, which were broken. A modified “head and shoulders” formation. Silver stocks do not always follow the price of silver. Looking at asset class, silver is still the #1 place to be. If you're going to be in precious metals, he feels you are probably better off being in gold. | 2011-08-08 |
