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| Jeff Parent B. Eng. FCSI of Quadrexx Asset Management Inc. | |
|---|---|
Jeff Parent | |
| Mr. Parent has been providing wealth management services to his high net worth clients since 1992. From many years of experience, he has become proficient in portfolio management techniques and has a broad knowledge of estate and tax planning. In his portfolio management role, he applies a strong price discipline to help control risk and improve returns. His specialty is technical analysis with a focus on quantitative methods. He regularly appears on Business News Network, is a recognized writer, public speaker and educator. Jeff is the past president of the Canadian Society of Technical Analysts. | |
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| PARTIAL SELL | Apple | AAPL-Q | 572.980 | Fundamentally, this is pretty good. Pulling back to the $540 level would be fairly normal. It's not unusual to see stocks pull back a third on profit taking. If you own, the very, very cautious, maybe start selling out and reduce your exposure. | 2012-04-20 | ||
| Comment | Barrick Gold | ABX-T | 39.960 | This stock trades quite wildly between a couple of ranges. There is a lot of trading between $38 and $50 over many years. It is at the low end of that range. This is driven by gold. If you are a firm believer in gold, it is getting close to the time when you would Buy. If you Buy, place a Stop at $37.50 and he would expect about a $5 upside move. | 2012-04-20 | ||
| TOP PICK | ATS Automation | ATA-T | 9.950 | Chart is showing a nice consolidation during 2010 and 2011. Fundamentally it is looking really good. Coming up positive on all of his various scans that he does. Have a Stop around the $8.50 level. | 2012-04-20 | ||
| BUY | Cameco Corporation | CCO-T | 22.010 | Fundamentally and technically it looks good. Chart shows a very long decline during 2011 followed by a nice upward move up to the mid-$20. Has pulled back and is starting to show some support. Today's action is very encouraging. As a trader in looks very good as you can Buy it now. Put a Stop on it but he is looking for $25. | 2012-04-20 | ||
| SELL | Enerplus Corp | ERF-T | 17.870 | Reminds him of Nortel given that people are hanging on in spite of the chart showing it could be a disaster. It was trying to stay above the $22 level, but once it broke down, the volume picked up and there was obviously some bad news. Technically there is no bottom on this as it keeps breaking down. This one is top ranked as a Short. | 2012-04-20 | ||
| PAST TOP PICK | Finning Int | FTT-T | 27.240 | (A Top Pick Aug 22/11. Up 28.51%.) He is getting close to selling is as it has started coming back. Wants to see it going back up to $30 again in the next month or so, otherwise he will exit. | 2012-04-20 | ||
| DON'T BUY | Halliburton Co | HAL-N | 33.290 | Chart doesn't look great. He sees a lot of consolidation from late 2011 to now. Can't see anything encouraging. If it went down to $27 or broke out to about $38, you might consider taking it up. Too many problems right now. | 2012-04-20 | ||
| PAST TOP PICK | National Bank of Canada | NA-T | 78.640 | (A Top Pick Aug 22/11. Up 16.57%.) Still outperforming from a fundamental point of view. | 2012-04-20 | ||
| Comment | Suncor Energy Inc | SU-T | 30.990 | Chart has some sort of bottoming formation in the latter part of 2011. Pulled back earlier this year but is now finding support. There is a certain seasonality in oil. Fundamentally, it ranks well compared to its peers. He is hoping to see it back up to the $35-$36 level by the dips below $30 he will Exit. | 2012-04-20 | ||
| PARTIAL BUY | Teck Resources Ltd. (B) | TCK.B-T | 36.680 | This one is tricky because it is trading in a very narrow range right now. The drop that occurred in 2011 is obviously finished and it is now in a consolidation phase. When stocks break out of a consolidation, they usually move off in that direction. Moving to the $42 level is quite likely. Buy half a position now and if it breaks out, Buy the other half. Have a Stop at $35.50. | 2012-04-20 | ||
| DON'T BUY | Westport Innovations | WPT-T | 32.400 | Chart shows 3 waves, and the last one was a miniature, which is usually the last wave where you see a lot of enthusiasm. Feels that $28 will be the landing place, which could be the short-term worse case scenario. Probably the best case scenario is that it will consolidate in the low $30s before there is a chance to move up. | 2012-04-20 | ||
| DON'T BUY | St Andrew Goldfields Ltd. | SAS-T | 0.415 | In the short term the chart looks very bad. Volume is quite high in the beginning of this year and it moved up to $.54 but then came right back down again. Very deadly sign. Could see them trading down around the low $0.30 range very soon. | 2012-04-20 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Markets. The recent pullback is a natural occurrence. There was a strong gain from the fall of last year until now, especially in the US market, not as much in the Canadian market. There is a lot of positive news coming out of the US leading out from some of the darker corners of the recession. | 2012-04-20 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Euro. Euro zone is so bad and yet the euro itself does nothing but goes up. What is going on? The euro is very popular and very liquid to trade. Breached back in 2010 at the $1.30 level, which was the resistant point. You want to be very careful with the $1.30 level. Chart shows a high in late 2009 and another one in early 2011 giving it a bit of a downward trend, giving it a wedge. This could turn around, especially if the US economy picks up. Going down to $1.20-$1.15 looks very likely. If it breaks $1.25, he feels it will definitely go down. | 2012-04-20 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Home building. This is one of the leading indicators. As homes are built, the rest of the economy picks up afterwards when people have to feel those homes. This is a good sector to look at. Had a great day today. Doesn't expect to see a huge rally but it is an initial indicator. | 2012-04-20 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Moving averages when entering or exiting positions? 50 or 200 day moving averages are great ways to Enter or Exit or to place Stops. He prefers the 250 day moving average and to look at the interaction between them and if they are crossing over. If the 50 is way above the 200, then we are in an uptrend and there is a strong likelihood that there will be a reversion back to the 200. The further out you go, the more likely it is. He uses a Moving Stop when a stock is moving up in order to lock in his profits. | 2012-04-20 | ||
| SELL | Cline Mining Corp. | CMK-T | 0.990 | Coal stocks have been getting battered lately. You don't have to be a technical analyst to see that this is going south. Has broken down through below its support level. This is not a good looking stock. What is even worse is that there is a lot of volume. | 2012-04-20 | ||
| DON'T BUY | Petrominerales Ltd. | PMG-T | 18.200 | Has done well trading the stock but wouldn't touch it now. Downward trend looks like it is bottoming out but will go down below $17. There are other oil/gas stocks that are starting to perform well. Would start to look at it when it hits $21-$22. | 2012-04-20 | ||
| BUY | United States Steel | X-N | 28.990 | Chart looks really good here. There was a strong decline in 2011 and a chart now shows a reversal showing strength and volume. There is a clear uptrend. Whenever there is a selloff, there is some additional buying which creates an upward channel. Seems to be consolidating a bit right now. If it breaks out above $30, he thinks it can go up to $38 pretty quickly. A stop/loss should go in around the $27 mark. | 2012-04-20 | ||
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| TOP SHORT | Fortress Paper | FTP-T | 25.750 | This stock is breaking a lot of support. If it continues to drop, ($25 is a key level) you can see $20 on it pretty quickly. Current level is not a trading range but is a pause until the next downturn happens. | 2012-04-20 | ||
| TOP PICK | HBP NYMEX Nat'l Gas Bull+ | HNU-T | 8.110 | Double leveraged to natural gas so it is a trading vehicle. Chart shows a very straight downward line, which is incredible. He doesn't own yet, but $8.50 would be a good point to Buy in. Apply a 25 day moving average and it moves above that, Buy it. Use a tight Stop of about 10%. | 2012-04-20 | ||
| Comment | Orbite Aluminae | ORT-T | 2.160 | Looks very good technically. There was a big, big rally in early 2011 followed by a pull back. Tested its low and is now finding a bottom again. Looks like it is getting ready to take off, possibly up to a $3 level. Put a Stop in at around $1.95. | 2012-04-20 | ||
| DON'T BUY | Dundee International REIT | DI.UN-T | 10.040 | Chart doesn't look very good. REITs should be holding a better value than this. There was a topping formation in January to March followed by a down trend. The recent spike is encouraging but generally speaking, he would hold off. | 2012-04-20 | ||
| PAST TOP PICK | VelocityShares Inverse VIX STerm | XIV-N | 11.220 | (A Top Pick Aug 22/11. Up 57.99%.) This is essentially shorting the VIX. When you have the big spikes in volatility, this is a good thing to invest in because volatility does not last forever but goes in cycles. Wouldn't be investing in it right now. | 2012-04-20 | ||
| SELL | Agnico-Eagle Mines | AEM-T | 33.610 | Looks like it can continue dropping. If economy takes off gold is not where you want to be. | 2012-03-23 | ||
| BUY | Aecon Group Inc | ARE-T | 12.970 | Has had a 50% gain, now has a pull back probably due to profit taking. Will probably go to $12.50 and that's where you want to buy. Get out at $11.50. $15 is max upside. | 2012-03-23 | ||
| VAGUE | Bank of Nova Scotia | BNS-T | 56.200 | Would rather get xfm which is an ishare portfolio of many banks. Is breaking out of some resistance. Looks like it may go a couple of dollars from here, but will have problems going much higher. | 2012-03-23 | ||
| SELL | Canadian Pacific Rail | CP-T | 77.320 | Is a great stock. Has had a great run up. Looks very good, but is seeing the volume dropping off. Take some profits. | 2012-03-23 | ||
| DON'T BUY | Magna Int'l. (A) | MG-T | 47.400 | Has "tested the waters" (had a dip) and for it to go above 50 will be a real struggle for it.People are going to start taking profits. $45 is an exit price. | 2012-03-23 | ||
| WEAK BUY | Shoppers Drug Mart Corp | SC-T | 44.050 | Is a stable stock, stays near $50. No news, but is up. Expects a pullback but if stock can break above $49. If it can make another dollar or two it might be worth an investment. | 2012-03-23 | ||
| DON'T BUY | Sunridge Gold | SGC-X | 0.475 | Hard to trade. Statistics for small resource companies are poor. Typically stays out of this type. Downward trend is worrying.Looks like it could drop down to 40 cents. 63 cents is the resistance point, if it breaks out of that then maybe. | 2012-03-23 | ||
| DON'T BUY | Westjet Airlines | WJA-T | 13.160 | Doesn't like it because you can't make much money on it, and it's very jumpy so can't analysis. Likes the company, but not as a stock. | 2012-03-23 | ||
| WEAK BUY | Atna Resources Ltd. | ATN-T | 1.200 | barely any trading for a long time, then a good rally, then some profit taking. Now is the good time to buy. Sell at $1.05. He would avoid a stock like this, but if you like this type (low cap resource) now would be the time to buy. | 2012-03-23 | ||
| BUY | A Comment -- General Comments From an Expert | A Commentary | 0.020 | If you don't have oil and gas and larger material stocks, you've probably done quite well. | 2012-03-23 | ||
| HOLD | AvenEx Energy Corp | AVF-T | 5.560 | Had a dollar plus move in both directions, in Oct, recovered. So it's a very steady trader. Thinks it might go up a bit. | 2012-03-23 | ||
| TOP PICK | Bellatrix Exploration Ltd. | BXE-T | 5.330 | Nice recovery, and looking like another rally coming. $4.90 stop level. $6 is the up side. | 2012-03-23 | ||
| BUY | Canacol Energy Ltd. | CNE-T | 0.980 | Life cycle type stock. Bottomed Oct through Dec. Has turned around, has paused now so is a good time to buy. If good news continues potential to go up $1.30, otherwise it will quickly go below 80 cents. So use those targets over the next 6 months. | 2012-03-23 | ||
| TOP PICK | Canacol Energy Ltd. | CNE-T | 0.980 | CP has had it's run, CN has a decending triangle. Doesn't have huge expectations, $85 to $90 | 2012-03-23 | ||
| SELL | Canyon Services Group | FRC-T | 12.180 | Flat movement, sell if it drops at $11.30, and if it gets back to $14 sell. | 2012-03-23 | ||
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| BUY | Parallel Energy Trust | PLT.UN-T | 7.300 | Need to wait for it to come back up. Take a small position it might be worthwhile, get out if it drops below the $6.70. | 2012-03-23 | ||
| WAIT | Overseas Shipholding | OSG-N | 11.160 | Have to be careful about the type of things that are being moved around. Trading from $10 to $13. It could be a leading indicator for the economy. Maybe at $14. | 2012-03-23 | ||
| TOP PICK | Sunshine Oilsands | 2012 HK | 0.000 | In Canadian dollars is around 60 cents a share. Is a bit risky. Is a Canadian company trading on the HK exchange. A sector play. Get out if it drops below 4.20 HK dollar. | 2012-03-23 | ||
| SELL | Cogeco Cable | CCA-T | 47.750 | Broke down about the $50 mark. Several days in series going down. You have to sell this right now. Could easily go down to $1.93. Entry point may be at $45.00 | 2012-01-26 | ||
| TOP PICK | General Electric | GE-N | 19.070 | Has been dead money for years and looks like it is starting to move up again. Goes the way of the US markets. He likes it a lot. Moving above all the moving averages. Nice and liquid and you should hold it. | 2012-01-26 | ||
| PAST TOP PICK | Manulife Financial | MFC-T | 11.910 | (Top Pick Oct 14/11, Down 1.9%) Don’t buy right now. Largest shorted stock in Toronto. | 2012-01-26 | ||
| PAST TOP PICK | Newalta Corp | NAL-T | 13.570 | (Top Pick Oct 14/11, Up 18.23%) Should have both and didn’t. Should have bought but didn’t. | 2012-01-26 | ||
| PAST TOP PICK | Suncor Energy Inc | SU-T | 34.390 | (Top Pick Oct 14/11, Up 12.59%) Bought a coupe of positions. | 2012-01-26 | ||
| PAST TOP PICK | Suncor Energy Inc | SU-T | 34.390 | (Top Pick Oct 14/11, Up 12.59%) Bought a coupe of positions. | 2012-01-26 | ||
| HOLD | Trican Well Service Ltd. | TCW-T | 16.010 | Hold off on this one right now. A consolidation at about $16.50 level. If you hold there you will o well, but if it drops to $15 there is not a lot of support and you have to exit. Probably a dollar rally in the next few months, so you probably have to exit these stocks. | 2012-01-26 | ||
| SELL | AEterna Zentaris Inc. | AEZ-T | 1.640 | Rather bad couple of days. Was down substantially, outside of a range. Consolidated. It broke down and is more likely to go down. $1.50 on the downside. | 2012-01-26 | ||
| N/A | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Markets: Looks more on the short term to see a direction. Primarily on the down days there is recovery and then follow-on. It looks like we are in a bull market. Getting close to 200 day moving average on S&P. That will give another group of people the interest to buy some more. He is getting rid of stocks that don’t do well when there are inflation worries. You are seeing negative returns for bonds this month. Reducing income oriented investments and getting more into momentum investments. | 2012-01-26 | ||
| HOLD | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Silver: Some correlation between this and gold. It is in a downward trend in a trough. Don’t expect too much out of it and expect it to consolidate about the $30 level. | 2012-01-26 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Options: are tricky because you can loose 50% and still be ok. If you are long, probably 50% stop and an expectation of a double. Manage the risk very, very carefully. Stocks: 5% stop lose or if it is volatile, you may have to go more. | 2012-01-26 | ||
| BUY | Hudbay Minerals Inc. | HBM-T | 11.820 | Doesn’t like it fundamentally, but it looks good technically. It has shown a buy signal recently. It will pause at the $13 level. It has many days of large daily moves so you will see a little tailing off of the buying, but $11.50 might be a buying point. If it goes down to $11 you want to exit and that might be a stop loss. | 2012-01-26 | ||
| TOP PICK | Softchoice Corp. | SO-T | 11.320 | Came out with good earnings. Very long time trading at a very steady price ($8). Now we are at $11. It based for a long time and will break out for a long time. | 2012-01-26 | ||
| TOP PICK | Madalena Ventures | MVN-X | 1.130 | Had a fade back to below the $1 level. Huge rally and then a new high. This is the sort of thing you want to see. H would take profits around a $1.50 or get our below $1. | 2012-01-26 | ||
| DON'T BUY | Bombardier Inc (B) | BBD.B-T | 4.050 | Had quite a downturn from $7, all the way down to $3. There was encouraging news today and the stock a nice little rally. You want to see it develop a bit before buying. Will probably trade in the $3.80 to $4.25 level for the next couple of months. If they can break about that, it will move slowly to the $4.50-$4.60 level. He would look for other stocks. | 2011-12-02 | ||
| Comment | Bank of Nova Scotia | BNS-T | 48.990 | This is a pretty good performing stock relatively speaking. Trading in a sideways, consolidation range. If you own, you have to get out at $40. Could trade up to $52 for a little while. | 2011-12-02 | ||
| PAST TOP PICK | Canadian Apartment Properties | CAR.UN-T | 21.070 | (A Top Pick March 11/11. Up 18.75%.) Still likes. | 2011-12-02 | ||
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| TOP PICK | Chemtrade Logisitics Inc. | CHE.UN-T | 14.230 | Very big drop in October but has recovered. You buy this for the yield and stability. Sell below $13.40. | 2011-12-02 | ||
| Comment | Canadian National R.R. | CNR-T | 78.800 | Point and figure charting. Which exchange is the better one to do charting from? CN Rail on the TSX is bullish but bearish on the NYSE. Difference is because of the currency. | 2011-12-02 | ||
| Comment | Ford Motor | F-N | 10.900 | Chart looks like it is finding a bottom here. Difficulty with auto manufacturers is that they don't have a huge growth potential. You’ll have to be very patient. Doesn't see any huge movement. Maybe $1 is the upside potential in the next 6 months. If it dips below $10, you have to get out. | 2011-12-02 | ||
| SHORT | Manulife Financial | MFC-T | 11.200 | Right now it looks like a Short as it has broken through a support level. | 2011-12-02 | ||
| BUY | Royal Bank | RY-T | 48.770 | We are coming into a $47-$48 range. There will be some significant resistance when it reaches $50. Probably due for a little bit of a pullback, maybe to $47 but it could be bought now. You'll have to be patient with it. | 2011-12-02 | ||
| BUY | Suncor Energy Inc | SU-T | 30.760 | Compared to other stocks in the sector, it is looking quite good but it is quite a grind. This is a stock that you buy now and hope that it gets back up to the $35 level. If it goes back down to $28.50, he'll sell his holdings. | 2011-12-02 | ||
| DON'T BUY | Trican Well Service Ltd. | TCW-T | 18.210 | Fundamentally, it looks great. Getting very close to selling his holdings because he doesn't see a continuation of an upward trend on the charts. $20 is going to be a big resistance level for this one. If it dropped to $17.50 he would get out of it completely. | 2011-12-02 | ||
| DON'T BUY | Teck Resources Ltd. (B) | TCK.B-T | 37.870 | A little bit early to be investing in this right now. There is still a downward cycle and is trading below all the moving averages. If you own, sell if it drops below $35. Long-term target would be $40, but not before the summer. | 2011-12-02 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Markets. Seeing some signs of reversal. Activity today looks pretty encouraging. DEX Universe Bond ETF (XBB-T) is the ultimate in interest sensitivity as it is pure interest. Starting to sell off a bit on days that are positive for most of the other stocks. Getting to a very high point, which will be nerve-racking for some income oriented investors. | 2011-12-02 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Technology. Cisco (CSCO-Q) is one of the larger technology companies and the chart shows a bottoming out. Seeing some pausing at a resistance level and is going contrary to the markets. | 2011-12-02 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | US homebuilders. KB Home (KBH-N) is showing at bit of an uptick. This was a leading indicator. Homebuilders started dropping before the rest of the market in the mid-2000 range. There is a possibility that we'll see these leading stocks carrying the rest of the markets. | 2011-12-02 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Gold. Charts are showing a wedge pattern, which indicates volatility is going down. This is encouraging but he doesn't like gold because it is so volatile. You want to make sure it gets above the 1800 point with some positive days following that. | 2011-12-02 | ||
| TOP PICK | Miranda Technologies Inc. | MT-T | 8.800 | Involved in high definition TV. A turnaround situation. Had a long fall through 2007 and 2008 and didn't do much through 2009 and 2010. Started to come to life again making big deals with major growth. Peaked at $10 and pulled back to the $8 level. He just started buying and only has a small position. Use an $8 stop loss. | 2011-12-02 | ||
| PAST TOP SHORT | SalesForce.com Inc. | CRM-N | 119.640 | (A Top Pick March 11/11. Up 7.17%.) This was a choice based on seasonality. | 2011-12-02 | ||
| DON'T BUY | Osisko Exploration Ltd. | OSK-T | 11.530 | Had been training in a range between $13 and $15 for quite a while. It has broken down but has also gone against the markets so it is clearly not market related but is company related. There is a downward trend channel. You want to see it breaking above $12.50. | 2011-12-02 | ||
| Comment | Las Vegas Sands Corp. | LVS-N | 46.020 | Has built a long base. Technical analysis says that a base this long indicates a good rally. He would suggest a bracket trade. Buy it if it goes above $50 and sell it if it goes below $40. | 2011-12-02 | ||
| TOP PICK | Alliance Grain Traders Inc. | AGT-T | 20.580 | Has fallen down but has very strong support at $20. Use a stop loss of $19. (Hasn't bought yet.) | 2011-12-02 | ||
| SELL | Fortress Paper | FTP-T | 29.160 | He is a bit leery about anything related to the paper industry because of the problems with the Chinese on paper stocks. In a downward trend with 2 selling waves. Today's movement is just horrible. | 2011-12-02 | ||
| BUY | Legacy Oil + Gas Inc. | LEG-T | 10.380 | Has been in a downward channel and is finally showing some movement by breaking out. There have been 4 days of rather significant of both price and volume perspective. Short term target would be $12 by the spring but if it falls back, you have to get out at $9.50. | 2011-12-02 | ||
| PAST TOP PICK | Titanium Corp. | TIC-X | 2.000 | (A Top Pick March 11/11. Down 10.36%.) You have to be patient with this stock. It may take a couple of years before they are in production. | 2011-12-02 | ||
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| Comment | Financial 15 Split Corp | FTN-T | 3.760 | (15 financials.) This is a split trust meaning there is a capital holder and a preferred share holder. The preferred shareholder has a guarantee. This would be appealing to someone who wants to take more risk. Chart shows a big drop from $11.90 to $3.76 this year. Suspects that insurance companies are having this affect. Has found some support. If you buy, have a Stop at $3.35 but he can see this going back up to $5 pretty quickly. | 2011-12-02 | ||
| BUY | Apple | AAPL-Q | 422.000 | Incredible stock. Chart shows a sideways motion early this year, followed by a breakout, followed by another sideways move, followed by another breakout. Could probably go up another $10-$20 easily. | 2011-10-14 | ||
| PAST TOP SHORT | Agnico-Eagle Mines | AEM-T | 59.840 | (A Top Short Oct 8/10. Total Return 18.97%.) A trading stock. Looking at a long-term trading range you’ll see it goes up and down between $50 and $70. | 2011-10-14 | ||
| DON'T BUY | AGF Management (B) | AGF.B-T | 14.310 | Likes these companies but they have a lot of competition. Currently trading at the July/10 lows. Would like to see it get back to about $15.30 before buying. If you buy, put a fairly tight stop of about $13.95 | 2011-10-14 | ||
| DON'T BUY | Bombardier Inc (B) | BBD.B-T | 4.050 | His rankings show it as a Sell in pretty much every category you could look at. The little rally that just occurred is not really significant. Looks like it will head below $4 in the next couple of months. | 2011-10-14 | ||
| Comment | Caterpillar | CAT-N | 84.090 | Chart shows a long upward run from early 2009 to early 2011. If you own, Sell if it goes below $79. Its resistance point is going to be around $92. Today's action was good but volume wasn't great. | 2011-10-14 | ||
| Comment | Deere & Co. | DE-N | 71.390 | $80 is a fairly straightforward looking resistance point and will probably sell off when it gets to that point. Not a tremendous amount of volume behind this. If you own, consider starting to pare back at $75. | 2011-10-14 | ||
| BUY | Veresen Inc | VSN-T | 14.750 | Good-looking chart with good volume. Nice upward trend in very close to a new high. If the trend continues it could hit $16-$17 before year-end. He would use a 100 day moving average as a Stop, which is $13.81. | 2011-10-14 | ||
| TOP PICK | Manulife Financial | MFC-T | 12.940 | Large-cap stock and ranks well fundamentally. Has been seeing some really nice intraday moves. Has potential to go to the $15 level. Nice dividend. | 2011-10-14 | ||
| TOP PICK | Newalta Corp | NAL-T | 11.550 | Chart is providing a bit of a positive distribution. Has held up fairly well, relatively speaking, to the market. Also good fundamentals. | 2011-10-14 | ||
| DON'T BUY | Richmont Mines Inc. | RIC-T | 11.260 | Looks like it is heading back up to its recent high but it does have a lot of headway. There was some profit taking after its high but is also related to the price of gold. Looks a little trickier right now. Looks like it will struggle around the $12 range. Use a $10 stop. | 2011-10-14 | ||
| TOP PICK | Suncor Energy Inc | SU-T | 30.690 | Likes to buy the larger cap stocks around their bottoms. Have a little bit less risk so if you are wrong, they are liquid and you can get out. Hitting a bit of a bottom here. Likes oil/gas stocks. Ranks well to its peers on a fundamental basis. | 2011-10-14 | ||
| DON'T BUY | Wi-Lan Inc. | WIN-T | 6.230 | Doesn't like this stock. Had a big drop and hasn't been able to recover. Looks like $5.60 would be a support level for it. Wouldn't touch it until it reaches the $7.20 level and possibly down to $5. | 2011-10-14 | ||
| BUY | Crescent Point Energy Corp | CPG-T | 43.080 | Chart shows a downward trend recently is breaking into a new territory. Add a nice 6% gain today and is breaking above the downward trend. Pays a fairly decent dividend. Put a stop around $41. Expect you could see $45 before the year-end. | 2011-10-14 | ||
| DON'T BUY | Uranium One Inc. | UUU-T | 2.260 | Doesn't like this stock. Keeps on making new lows. The last little downtrend is very sharp. Volume is getting worse and worse. He would avoid the whole sector. | 2011-10-14 | ||
| PAST TOP PICK | Comcast Corp | CMCSA-Q | 23.940 | (A Top Pick Oct 8/10. Total return 34.71%.) Sold his holdings in August. | 2011-10-14 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Market. Some indications this may be a turning point. Haven't quite broken up through the 50 day moving average on the TSX composite, which is approximately 1250. There is a divergence between US and Canadian markets. One makes a peak where the other doesn’t and vice versa. S&P 500 is breaking up into new territory.50 day moving average on the TSX is at about 12,134 but he would want to see it at 12,200-12,250 before starting to buy. | 2011-10-14 | ||
| DON'T BUY | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Natural gas. Chart shows a long decline from 2008 to the present. Probably one of the most volatile commodities that is actively traded. He would avoid this commodity and natural gas stocks. | 2011-10-14 | ||
| PAST TOP PICK | Penn West Petroleum | PWT-T | 16.490 | (A Top Pick Oct 8/10. Total return 22.37%.) Sold most of his holdings in February. | 2011-10-14 | ||
| SELL | Transatlantic Petroleum Corp. (U) | TNP-T | 0.800 | A clear Sell. Wouldn't Short. Making new lows pretty much every day since April. Volume has completely dried up. | 2011-10-14 | ||
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| DON'T BUY | Premier Gold Mines | PG-T | 5.330 | A bit tricky. There have been some bottoms that are little bit higher than previous ones, which is positive, but he doesn't see any positive trends. The recent big selloff causes some concern. | 2011-10-14 |