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 1 registered members and 16 guests viewing the site. | Follow us on Twitter | Rss Top Picks Feed | Rss Daily Feed |
StockResearchPortal.com |
| Larry Berman CFA, CMT, CTA of ETF Capital Management Inc. |
|---|
| 5160 Yonge St. Suite 1860 |
| Toronto ON |
| M2N 6L9 |
| 888-383-9753 |
| Larry Berman CFA, CMT, CTA's website |
| Fax: 888-383-9753 |
| PAST TOP PICK | Builder's Emerging Market 50 ADR E.T.F. | ADRE-Q | 40.720 | (A Top Pick Jan 17/07. Up 6.5%.) He looks at an ETF’s performance relative to other ETF's in the group. Still screening very well. Exposed to emerging markets, so in a market correction, this will correct more so. | 2007-02-21 | ||
| PAST TOP PICK | Wisdomtree International Dividend E.T.F. | DOO-N | 66.280 | (A Top Pick Jan 17/07. Up 4.1%.) More conservative. Gives exposure to international dividend paying products. | 2007-02-21 | ||
| TOP SHORT | SPDR Materials E.T.F. | XLB-N | 38.260 | It is at the very top end where at similar points there have been major corrections. Risk/reward is starting to turn negative. A one-month and three-month average of the daily breadth shows a lot of good news has been priced in already. | 2007-02-21 | ||
| PAST TOP PICK | iShares Dow Jones Transport E.T.F. | IYT-N | 93.110 | (A Top Pick Jan 17/07. Up 7.2%.) This is the transport sector. One thing that is helping is the airlines, which have taken off again. | 2007-02-21 | ||
| TOP PICK | iShares MSCI SouthKorea E.T.F. | EWY-N | 51.190 | Chart shows good uptrend. South Korea has a lot of good things happening to it. North Korea looks like they are backing down from their nuclear stance. | 2007-02-21 | ||
| TOP PICK | iUnits Gold S&P/TSX E.T.F. | XGD-T | 83.000 | Very bullish on gold and is looking for it to reach $730. | 2007-02-21 | ||
| Comment | Mullen Group Ltd | MTL-T | 19.250 | Technically, it has made a bit of a bottom. Looks like it's finding support. If you like the fundamentals, it could be a good time for it. | 2007-02-21 | ||
| DON'T BUY | Vasogin | VAS-T | 0.430 | This one is past the point of no return. Speculative. | 2007-02-21 | ||
| Comment | Connacher Oil and Gas | CLL-T | 3.940 | Likes the oil/gas space. There were lows in July, October and January. Not a great technical structure, but it does have support. If it goes below the lows of $3, Sell. | 2007-02-21 | ||
| Comment | Yellow Pages Income Fund | YLO.UN-T | 13.610 | Chart shows a lot of stability after the Oct 31 trust announcement. Old lows of $14 and the 200-day moving average, represents upside resistance. If it got up to $14, he would be a seller. | 2007-02-21 | ||
| DON'T BUY | Petro-Canada | PCA-T | 43.690 | If a stock, on an up day, is up less than its peers, and down more on a down day, it would not be what you would want to own. | 2007-02-21 | ||
| Comment | Agnico-Eagle Mines | AEM-T | 47.130 | He is bullish on gold and the mining sector. This stock shows a fairly long trend line support. The ideal buying point would be the previous low. | 2007-02-21 | ||
| Comment | Caterpillar | CAT-N | 68.210 | Had good support around $60 and it then broke through an intermediate high of about $65. It could have resistance near $70, but he feels it has good upside potential. | 2007-02-21 | ||
| BUY | Canadian Oil Sands Trust | COS.UN-T | 27.300 | Getting close to a buying point, but it is a trust, which could create some risks. Technically, it is in the area where the risk/reward is attractive. | 2007-02-21 | ||
| BUY | Bombardier Inc (B) | BBD.B-T | 4.820 | Next major resistance is the 2003-2004 highs in the $6.50-$7 area. This story is starting to improve. | 2007-02-21 | ||
| BUY | Descartes | DSG-T | 4.950 | Chart shows it has clearly broken out of a long-term base pattern. Lost a little momentum recently, but it's not a big problem. The technical risk would be if it broke below its breakout point. If it has a pullback and volume increases, this is not a good sign. | 2007-02-21 | ||
| BUY | Viterra Inc | VT-T | 8.450 | Chart indicates there may have been a bit of a breakout and it has tested a low. Not a clear, pure pattern. If it fell below February’s low of a few weeks ago, it would make him extremely nervous. Probably a decent buy, but use a Stop at February's low. | 2007-02-21 | ||
| Comment | IGM Financial Inc. | IGM-T | 50.990 | Hit its 52-week high last May and there is support in an upward trend. Probably OK, but not an ideal chart. If it hits the 52-week high and volume was increasing, there is a potential for a breakout. If volume is weak, it shows disinterest. | 2007-02-21 | ||
| DON'T BUY | Tahera Corp | TAH-T | 1.240 | At every opportunity, the stock has made lower lows and lower highs. The chart does not show a change in this trend. | 2007-02-21 | ||
|
| |||||||
| DON'T BUY | March Networks Corp | MN-T | 11.300 | It had pretty strong support at $20 but it gapped down in January. You now have to wait for the stock to do something, which it is not doing. | 2007-02-21 | ||
| Comment | SNC-Lavalin Group Inc. | SNC-T | 36.510 | In the top part of an upward trend channel and there may be another couple of $’s. | 2007-02-21 | ||
| PAST TOP PICK | iShares Russell 1000 E.T.F. | IWD-N | 82.540 | (A Top Pick Oct 11/06. Up 5.8%.) The theme on this was to be long large-cap value against short small-cap Emerging Mkt (EEM-A). Hadn't worked out as well as he had hoped. | 2007-01-17 | ||
| PAST TOP SHORT | iShares MSCI Emerging Market E.T.F. | EEM-N | 111.830 | (A Top Short Oct 11/06. Up 13.4%.) This was against going long on iShares (IWD-N). Didn't work out as well as he would have liked. | 2007-01-17 | ||
| PAST TOP PICK | SPDR S&P 500 E.T.F. | SPY-N | 143.020 | (A Top Pick Oct 11/06. Up 5.7%.) This one was using the trading range, buying at the lower end of a round $70 and selling at around $80. Has recently been buying around $75. | 2007-01-17 | ||
| TOP PICK | Builder's Emerging Market 50 ADR E.T.F. | ADRE-Q | 38.130 | A basket of stocks resident in emerging markets. By far one of the best performers and feels the trend will continue. | 2007-01-17 | ||
| TOP PICK | Wisdomtree International Dividend E.T.F. | DOO-N | 63.960 | A basket of ETF’s that are weighted on dividends. With the aging population, there is more and more demand for dividends. More money will be flowing into these. It is the top global dividend payers. | 2007-01-17 | ||
| TOP PICK | iShares Dow Jones Transport E.T.F. | IYT-N | 86.280 | There is a potential for a breakout situation. The Dow theory is that industrials have made new highs but the transports haven't confirmed. He is betting that the transports will break out. | 2007-01-17 | ||
| BUY | Cognos | CSN-T | 51.290 | Chart shows a strong uptrend. Broke out to a new high in Nov/06 and if this is a good break out, we should not get below the old high of about $48-$49, which would be a technical weakness. For new money, put stops below that level. | 2007-01-17 | ||
| BUY | Petro-Canada | PCA-T | 43.680 | Like most energy stocks, the chart shows a long down trend. The chart looks like we are very close to good support and he would be looking to buy some at this point. Risk/reward is very compelling for energy stocks right now. | 2007-01-17 | ||
| SELL | UEX Corp. | UEX-T | 5.140 | This has had a parabolic move and is starting to come down. Would recommend that you take any profits and buy back at a lower price. | 2007-01-17 | ||
| Comment | Imperial Oil | IMO-T | 38.510 | Feels we are coming close to the bottom of where the new range for energy is going to be. Would use a trading range and buy near the 52-week low and sell when it gets near its high. This is a strategy he would use on oil stocks. | 2007-01-17 | ||
| Comment | Canadian Oil Sands Trust | COS.UN-T | 29.000 | There is a lot of leverage in the oil sands game to the price. The fact that the price is coming down is a bit of a concern. Technically hasn't done any worse than a lot of the other oil stocks. Look at it as a trading range for the next 6 months or so. | 2007-01-17 | ||
| DON'T BUY | Southwestern Resources | SWG-T | 8.010 | Had a major breakdown in March/06 and has not recovered, while a lot of other mining stocks have turned higher. Building a technical base, but hasn't done anything positive yet. | 2007-01-17 | ||
| HOLD | Teck Resources Ltd. (B) | TCK.B-T | 81.500 | Has a major bit of resistance developing and is showing a “ head and shoulders” formation. Wouldn't put new money in just yet. | 2007-01-17 | ||
| BUY | Penn West Energy Trust | PWT.UN-T | 33.940 | Income trusts hit a snag that he is not sure how to evaluate. Technically, this one has broken down and is developing resistance. With current weakness in energy prices, we are coming close to the low end of where the new range of energy might be. The support from November to the present is very important. Don't let it make a lower low than November’s. Think about it as a trading range over the next 6 months. | 2007-01-17 | ||
| HOLD | Telus Corp | T-T | 55.000 | Excluding the portion in the chart that was the income trust part, the trend is still very good. Don't look for the same kind of performance going forward that you've had in the past. Look for something closer to $50 as an entry point. | 2007-01-17 | ||
| Comment | Breakwater Resources | BWR-T | 1.680 | There is a positive technical structure developing in the short run. It had formed a base last year and broke out in October. Now coming back to test support and it is important that the support holds. Next couple of weeks will be pretty critical. | 2007-01-17 | ||
| Comment | Tahera Corp | TAH-T | 1.030 | This has had a terrible downtrend. Any future sell offs you don't want to make a new low. If the November low, which is now being tested, holds it could be a sign of a new bottom. After that, you want to see if you could make a higher high. | 2007-01-17 | ||
| DON'T BUY | Yellow Pages Income Fund | YLO.UN-T | 13.100 | There is a pretty strong resistance area building at the current level. He would like to see the market trade through that. | 2007-01-17 | ||
|
| |||||||
| Comment | AbitibiBowater Inc. | ABH-T | 3.190 | Made a lower low in December than what it had in August. Looks like it is forming a base. Will it take out the high? If it does, there could be a structure of a bottom forming. There is a possible set up for a technical trade. | 2007-01-17 | ||
| BUY | Cemex SA | CX-N | 34.820 | Coming towards its resistance point now. Feels there is a lot of momentum behind the story. Has a 7%-8% risk on the downside but maybe 15%-20% on the upside. | 2007-01-17 | ||
| DON'T BUY | Magna Int'l. (A) | MG.A-T | 94.300 | At this level, the risk/reward is not compelling enough. There is some excitement building in the automotive area with new products coming out, but on the consumer side, not sure sales will be fabulous. | 2007-01-17 | ||
| WEAK BUY | Methanex Corp | MX-T | 33.300 | Breaking out from its old high of last October. If it fell below that old high, this would be an indication that it is breaking down. Could be a buy but use a stop loss. | 2007-01-17 | ||
| HOLD | Canadian National R.R. | CNR-T | 52.500 | An area that is extremely levered to the state of the economy. There is a period last year were the economy was weaker and the chart shows a downtrend. Now the economy is surprising people and rails/transports have been doing quite well and will probably continue for a couple of months. | 2007-01-17 | ||
| BUY on WEAKNESS | Kinross Gold | K-T | 14.610 | Has long-term support at around $10 and short-term support at around $14. Feels that ultimately it is going to project up for the next year or two. Buy on weakness. | 2007-01-17 | ||
| BUY on WEAKNESS | Talisman Energy | TLM-T | 17.780 | Has been a very strong leadership stock over the last number of years. Feels that oil stocks are in a trading range over the next six months. Trading range for this one is about $16.50-$22. Buy at around $16. | 2006-11-02 | ||
| WEAK BUY | AbitibiBowater Inc. | ABH-T | 2.790 | Levered to the Cdn$ which has recently lost a lot of bullish momentum. Nice base has formed. It has continually made new bases through the years and then failed. From a trading perspective, if it makes a new low, you’ll have to Stop out. If Cdn$ stabilizes it should be able to get near its October’s highs. Treat as a trade. | 2006-11-02 | ||
| WAIT | Yamana Gold Inc. | YRI-T | 12.290 | Starting to get into a bit of resistance. Thinks it will break, but the US$ needs to break out of its trading range with the Euro. If you start to see dollar/Euro $1.30 and higher, than gold will break $650-$670 and start back to its high. Wait for a bit of as pullback. | 2006-11-02 | ||
| WATCH | Connacher Oil and Gas | CLL-T | 3.830 | Not a lot of leadership characteristics here, but a lot of the oil stocks are starting to break their downtrends here. As it gets closer to its Sept/Oct support, it would be a trading buy. | 2006-11-02 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Banks: - Feels that earnings are going to disappoint due to disappointing trading revenues out of the US in the last quarter. Money coming out of the Income Trust sector is moving in making them look better now. Sector is a little bit overbought. | 2006-11-02 | ||
| DON'T BUY | Washington Mutual Inc | WAHQE-Q2 | 42.710 | Coming close to some key support around $42. If it breaks through, it could potentially move back to the $35 area of October/05. Very leveraged to the mortgage market and the US housing sector is weak. | 2006-11-02 | ||
| DON'T BUY | Home Depot | HD-N | 37.200 | The US housing sector is extremely challenging for the analysts. Expected it to bottom out over the summer and come off its lows, but it really hasn’t done much. Still thinks there’s some issues ahead. Would like it to retest its summer’s lows before he would recommend it. | 2006-11-02 | ||
| SELL | Sino-Forest Corp | TRE-T | 5.690 | Tends to do well when the Cdn$ is weakening. Had a very nice pop in the last couple of months. Has a tremendous amount of resistance from all its highs and doesn’t see it going through that any time soon. If you are a trader, lighten up at this point. | 2006-11-02 | ||
| BUY | Research In Motion | RIM-T | 132.050 | Had been very bearish on this before it broke out. The most recent correction was $124 Oct 20. If you start to see it drop below that, it will go back and test its breakout at $114. From what he reads and hears, the story is really bullish. Use a stop oss of $120. | 2006-11-02 | ||
| PAST TOP SHORT | iUnits Gold S&P/TSX E.T.F. | XGD-T | 76.100 | (A Top Short Feb 8/06. Up 13.9%.) Thinks he covered his Short in March and set another Short in May but went long in June. He doesn’t Buy and Hold. | 2006-11-02 | ||
| PAST TOP PICK | iShares Japan | EWJ-N | 13.780 | (A Top Pick Feb 8/06. Up 0.07%.) There’s been a lot of volatility here and where there’s a lot of volatility, they are fabulous to trade. | 2006-11-02 | ||
| TOP SHORT | iShares Russell 2000 Growth E.T.F. | IWO-N | 75.320 | Biggest exposure to small cap growth stocks. If you are concerned about a weaker economy, this is a great way to play it. On the other side, you should be long Large Cap Value. | 2006-11-02 | ||
| TOP PICK | iUnits S&P/TSX Energy E.T.F. | XEG-T | 76.450 | In a trading range. Buys at around $70 and sells above $80. When it drops below $75, that’s an indication it is getting a bit oversold and he starts to get interested again. | 2006-11-02 | ||
| TOP SHORT | iShares MSCI Emerging Market E.T.F. | EEM-N | 102.880 | If you are concerned about weakness in the economy, you can be short this and being long something value like the S&P 500 (IVV-N) for example. This is getting close to its resistance. | 2006-11-02 | ||
|
| |||||||
| DON'T BUY | Calfrac Well Services Ltd | CFW-T | 19.750 | There’s no technical sign of a bottom. Nothing here to get him excited. | 2006-11-02 | ||
| Comment | Penn West Energy Trust | PWT.UN-T | 33.750 | Technically, the damage of the last couple of days broke some important chart points. Typically, a 52-week low is a place to want to enter a stock and this is getting very close to that. | 2006-11-02 | ||
| Comment | Hudbay Minerals Inc. | HBM-T | 18.990 | General trading pattern has been breakouts and corrections. Pretty sure there will be a correction somewhere along the way. Calculate the last 3 percentage retracements, take an average of them and when this stock hits that average, that would be a great entry. | 2006-11-02 | ||
| DON'T BUY | Petro-Canada | PCA-T | 47.820 | Not a favourite. Prefers Suncor (SU-T) which has the right mix of assets. Would like to see this one closer to its 52 week lows. | 2006-11-02 | ||
| DON'T BUY | Peyto Energy Trust | PEY.UN-T | 17.950 | Not a favourite. Prefers Suncor (SU-T) which has the right mix of assets. | 2006-11-02 | ||
| WAIT | Canadian National R.R. | CNR-T | 54.130 | This is not his favourite sector. His personal view is that there will be weaker economic performance than people think. This could result in another correction which would be your next buying opportunity. | 2006-11-02 | ||
| BUY | Shore Gold Inc. | SGF-T | 5.420 | Had a double bottom over the summer with a higher high on the breakout. Has generally held support on the higher high. A very good technical structure. Put stops at $5.10. | 2006-11-02 | ||
| WAIT | Suncor Energy Inc | SU-T | 84.900 | A great trading stock as well as a long-term investment stock. Made a double bottom on the recent pullback. If the $56 oil price breaks down, the double bottom is in jeopardy. Anything below $80, preferably $75-$78 is a good buying area. | 2006-11-02 | ||
| WAIT | Magna Int'l. (A) | MG.A-T | 84.510 | The good thing about this stock is that with all the bad news that has gone through the car sector, it didn’t break the 52-week low area. There’s still a lot ofe overhead in his mind regarding the auto sector. Near the top of a trading range, so wouldn’t buy here, but if it pulled back to the lower end, it would be a good buying opportunity. | 2006-11-02 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Gut reaction is that copper is being held back by the weakness in the US housing sector. There is still a global demand for base metals that isn’t going to end any time soon, but they are taking on the forms of trading ranges and copper is going in this direction. | 2006-11-02 | ||
| BUY | Goldcorp Inc | G-T | 29.700 | When you get the companies that are in play, they are tough to look at technically. Feels that gold generally is a Buy and likes to buy on a pull back. | 2006-11-02 | ||
| TOP PICK | SPDR S&P 500 E.T.F. | SPY-N | 135.110 | A pairs trade. A defensive theme. Go long US quality stocks (SPY-A) where money is coming back and go short emerging markets (EEM-A). | 2006-10-11 | ||
| TOP SHORT | iShares MSCI Emerging Market E.T.F. | EEM-N | 98.890 | A pairs trade. A defensive theme. Go long US quality stocks (SPY-A) where money is coming back and go short emerging markets (EEM-A). | 2006-10-11 | ||
| TOP PICK | iShares Russell 1000 E.T.F. | IWD-N | 77.950 | A pairs trade. A defensive theme. Go long large cap value stocks (IWD-A) which have been outperforming and you can be short small caps (IWO-A). | 2006-10-11 | ||
| TOP SHORT | iShares Russell 2000 Growth E.T.F. | IWO-N | 74.500 | A pairs trade. A defensive theme. Go long large cap value stocks (IWD-A) which have been outperforming and you can be short small caps (IWO-A). | 2006-10-11 | ||
| TOP PICK | iUnits S&P/TSX Energy E.T.F. | XEG-T | 74.030 | (A Top Pick July 24/06. Down 12.6%.) Cleared at a profit in August. Starting to buy back now. Buy $56 oil (maximum $65) over the next 6 months. $80-$82 is the Sell range. | 2006-10-11 | ||
| PAST TOP SHORT | SPDR Cons Discretionary E.T.F | XLY-N | 36.250 | (A Top Short July 24/06. Up 13.5%.) Still thinks the consumers a big risk. Actually stopped himself out of that trade. Still a risky place to be. | 2006-10-11 | ||
| PAST TOP SHORT | NASDAQ 100 Trust | QQQQ-Q | 41.540 | (A Top Short July 24/06. Up 14.1%.) Small caps have under performed. The idea was to be long large Cap and being Short small Cap. Got stopped out of his position. | 2006-10-11 | ||
| PAST TOP SHORT | iShares Russell 2000 E.T.F. | IWM-N | 73.810 | (A Top Short July 24/06. Up 7.2%.) Got stopped out of his position. | 2006-10-11 | ||
| BUY | Ensign Resource Service Group | ESI-T | 17.070 | It is now back in the area of 52-week lows and that is always a critical test. If oil holds at these levels, this would be a great buying opportunity. Risk/reward is okay. | 2006-10-11 | ||
|
| |||||||
| SELL | Agrium | AGU-T | 29.880 | The stock made a high last year in the $30 area and did it again twice this year. This is the third time and, if it can't break through, this would imply a move back to test the lows around $25. He would be inclined to take a little bit of money off the table. | 2006-10-11 | ||
| BUY on WEAKNESS | Canadian National R.R. | CNR-T | 46.820 | On Canadian National (CNR-T) and Canadian Pacific (CP-T) he is indifferent technically. There has been a downtrend, a nice base and a start of a nice breakout. If the markets are strong and the economy is strong, at a minimum it will make a retest of the April high. However, he questions the optimistic outlook for the economy. You could buy on a pullback. | 2006-10-11 | ||
| BUY | Kinross Gold | K-T | 12.770 | Has been a fairly strong leadership stock in the last couple of years. There has been in a series of higher highs and lower lows. That is a good technical structure. | 2006-10-11 | ||
| Comment | DuPont | DD-N | 44.650 | A 5-year chart would show a lot of ups and downs. Right now, there is clear resistance developing where stocks globally relating to commodities have made their peaks. Risk/reward does not look too favourable. If you own, you may want to sell your stocks and buy call options. At the very minimum, you should trail up a stop or buy a put to protect against the downside. | 2006-10-11 | ||
| DON'T BUY | UTS Energy | UTS-T | 3.760 | Very highly levered to what happens in the oil sands play. Has no current income or profitability for the next several years, which is why it is having, a higher beta compared to other energy stocks. Technically, there are no real strong lines in the sand in terms of support. Speculative. | 2006-10-11 | ||
| BUY | Biovail Corp. | BVF-T | 18.000 | Trying to find some support and build a bit of a base. One of those stocks that will go up for 4-5 months and drop back on bad news. Risk/reward is pretty compelling at this level. If you buy and it makes a lower low, don't hold. | 2006-10-11 | ||
| WAIT | Precision Drilling Corp. | PD.UN-T | 30.720 | Has come off with the other services stocks. Basically, it will stay soft/weak as long as the energy picture is slightly negative. Feels it will be a great buying opportunity sometime in the next few months. | 2006-10-11 | ||
| WAIT | Time Warner Inc | TWX-N | 19.120 | There has been a shift in the last couple of months where the consumer cyclical type stocks have been out of favour and have all come back. Wouldn't chase it. Longer term patterns are improving for this company. Wait for $18. | 2006-10-11 | ||
| BUY | Kingsway Financial Services | KFS-T | 26.600 | Has a very good long-term chart. Can see a few more dollars on the upside before strong resistance comes in. | 2006-10-11 | ||
| BUY on WEAKNESS | Encana Corp | ECA-T | 50.280 | Any move below $50 is relatively short lived. This is a leveraged play on natural gas. Below $50 is a great buying opportunity. | 2006-10-11 | ||
| BUY | Viterra Inc | VT-T | 7.540 | Well-positioned to take advantage of the global wheat shortage. Had a little break in its support which is a little concerning. It has moved back up to its resistance, so what it does in the next couple of weeks is pretty critical. Use the September low as a stop loss. | 2006-10-11 | ||
| BUY | BCE Inc. | BCE-T | 32.920 | Nice defensive stock. Technically, it has been in a range. Hasn't done much in the past year. Has broken out on speculation of becoming a trust. Has just announced it will become a trust. Technically, it could trade up to $34-$35. | 2006-10-11 | ||
| BUY on WEAKNESS | Hudbay Minerals Inc. | HBM-T | 15.270 | Technically, the structure is very, very nice. It is making an ascending triangle. Typically when you see support at higher levels, and you take out the resistance, there is a lot of upside. A little overbought, so not an ideal situation right now. | 2006-10-11 | ||
| DON'T BUY | Zarlink | ZL-T | 2.680 | Has been a very disappointing stock over the last couple of years. Technically, it is making a bit of a bottom and is trying to break out. If the earnings are good, the stock can run and can get up into the $3.40 resistance area. Speculative. | 2006-10-11 | ||
| DON'T BUY | TSX Group | X-T | 47.250 | Essentially it has a bit of a distribution developing indicating the market is starting to struggle. He expects weaker markets and, if so, this will test the June/July lows which would be your next buying opportunity. | 2006-10-11 | ||
| WAIT | Canadian Oil Sands Trust | COS.UN-T | 27.910 | The ideal time to buy is sometime in the next couple of months. The $56 oil needs to be tested and it needs to hold. You could buy today but it probably won't do much except trade in a range. | 2006-10-11 | ||
| DON'T BUY | JDS Uniphase | JDU-T | 2.430 | Technically, it is developing a bit of a base. If it does develop into a big bottom, it could retrace up to the $4 level over the next 6-12 months. If not, it could be halved from here. | 2006-10-11 | ||
| WAIT | Penn West Energy Trust | PWT.UN-T | 38.140 | Oil has made new highs in the last year, but the stock has only made marginal ones. If you have a long-term view, you could start adding to your position, but if oil can’t hold $56 there could be a drop. | 2006-10-11 | ||
| HOLD | Methanex Corp | MX-T | 29.040 | Feels there is more room to run. It is in a space that has long-term growth opportunities. Technically, it has made new highs and as long as it holds the new highs in the next couple of weeks, it should be okay. | 2006-10-11 | ||
| BUY | Com Dev International Ltd. | CDV-T | 6.400 | Any time a stock is making a 52-week high, check the technical structure. This one is pretty clear in that it is making higher highs and trend lines are still well established. | 2006-10-11 | ||
|
| |||||||
| DON'T BUY | iUnits Info Tech | XIT-T | 7.430 | This is made up of 25% RIM (RIM-T) and 25% Nortel (NT-T), 15%. Effectively what you're doing is playing RIM against Nortel. Lately RIM has done very well. It is up against some resistance now which is very meaningful. | 2006-10-11 |
