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| Ron Meisels of P & C Holdings | |
|---|---|
| one of North America's most successful tech analys | |
| Ron Meisels's website | |
| rmeisels@na-marketletter.com |
| N/A | A Comment -- General Comments From an Expert | A Commentary | 0.020 | The market has started a correction. It became over bought. Timing indicator suggests a correction until the end of May or beginning of June. After that the market will rally. We are into a ‘V’ right now. Another dip will come in October. Beyond that we will have a good time until at least the end of the year. | 2010-05-18 | ||
| TOP PICK | Goldcorp Inc | G-T | 46.090 | Has been in a narrow trading range for most of 2009 but now is on an up-leg. It is ready to go into new all time high territory. | 2010-05-18 | ||
| TOP PICK | Richmont Mines Inc. | RIC-T | 4.450 | Coming out of what tech analysts love. Beautiful inverse head and shoulders pattern. We are just breaking through the neckline. He was early but now is the time to do it. It is a bullish, bullish pattern. | 2010-05-18 | ||
| TOP PICK | Mag Silver Corp | MAG-T | 7.120 | Beautiful example of how the stock was flirting with the 200-day moving average and then took off. It’s a good-looking chart. | 2010-05-18 | ||
| HOLD | Enbridge | ENB-T | 47.470 | Is doing well. Trading above its 200 day moving average. Pulling back a bit with the market. | 2010-05-18 | ||
| DON'T BUY | Husky Energy | HSE-T | 26.980 | On a weak side. 200 day moving average is falling and liable to find some support here. If it breaks 26 or 25 then we have some problems. This is a key level. | 2010-05-18 | ||
| SELL | Bennet Environmental | BEV-T | 2.140 | When it intersected the 200-day moving average, which is where you should have gotten out. | 2010-05-18 | ||
| SELL | Sherritt International Corp. | S-T | 6.770 | It has been doing well. The 200-day started to curl up and that is exactly where the correction took it. When it crossed the 200-day moving average, it was the sell signal. | 2010-05-18 | ||
| SELL | Goldman Sachs | GS-N | 137.360 | Had a wonderful run and then pulled back. You now have a falling stock and a falling 200-day moving average. | 2010-05-18 | ||
| SELL | Transocean Inc. | RIG-N | 62.670 | Had a major, major break. Should have sold when it broke the 200 day moving average. | 2010-05-18 | ||
| DON'T BUY | BP PLC | BP-N | 45.380 | Don’t go bargain hunting when it reacted to this kind of bad news. Don’t be there - get out. | 2010-05-18 | ||
| DON'T BUY | Inmet Mining | IMN-T | 46.230 | Done pretty well. Had a wonderful 200-day moving average until it broke through. Some support is likely to come in about $45. The trend is not your friend unless you are short this stock. | 2010-05-18 | ||
| PAST TOP PICK | Galleon Energy Inc. | GO-T | 5.860 | (Top Pick Nov 5/09, Up 6% total return) The junior oils are doing better than the senior oils. It just pulled back to its 200 day moving average, which is rising and he thinks this is a good buying opportunity. Stop loss at $4.65. Still has a lot of upside potential. | 2010-05-18 | ||
| PAST TOP PICK | Toromont Industries | TIH-T | 25.800 | (Top Pick Nov 5/09, Up 2%) Got stopped out of it when the trend line broke. | 2010-05-18 | ||
| PAST TOP PICK | Gammon Lake Resources | GAM-T | 8.050 | (Top Pick Nov 5/09) Should have got out when it broke the trend line. $7 is an important support level. | 2010-05-18 | ||
| BUY | Canadian National R.R. | CNR-T | 60.580 | Is at a new all time high. If a stock is above the 200-day moving average, which is rising, then go for it. | 2010-05-18 | ||
| HOLD | Canadian Oil Sands Trust | COS.UN-T | 26.900 | Stock did well, then broke below 200 day moving average and now [since a year ago] you could say the 200 day average is flat. Use a stop loss of about $26, but not a round number. Oils should come alive again in about 3 months. Give it a chance | 2010-05-18 | ||
| HOLD | Canfor Corp | CFP-T | 9.550 | We are at the tail end of the 40-year cycle, which includes paper. Paper is near getting going again. This is a beautiful chart. | 2010-05-18 | ||
| DON'T BUY | Manulife Financial | MFC-T | 17.740 | It turned down and looked like it would recover, but suddenly it fell below the 200-day moving average. If it breaks below $17 you are looking at a $10 stock. | 2010-05-18 | ||
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| BUY | Grande Cache Coal Corp. | GCE-T | 4.660 | Started to break below the 200-day moving average. Long term he believes it will recover but right now you want to get in only around $4 with a $3.75 stop loss. There may be some support coming in. | 2010-05-18 | ||
| BUY | SNC-Lavalin Group Inc. | SNC-T | 45.200 | A big ‘W’ formation on the stock. Everything was in place until very recently, however now it is correcting. Major support around $42-43. Recommends it in this pullback. | 2010-05-18 | ||
| BUY | Metro Inc (A) | MRU.A-T | 44.360 | Doing very well. A ‘W’ formation. Very interesting chart. It is probably on the last leg up. New all time high. There is plenty of time before the top formation has completed. | 2010-05-18 | ||
| SELL | Shoppers Drug Mart Corp | SC-T | 36.530 | Held a support level for quite some time, then it broke. Look for some retracement, say to $39.5 and get out because it will have a long bottoming process. | 2010-05-18 | ||
| WAIT | Bank of America | BAC-N | 16.660 | We are now going horizontal. It would be a buy signal if the stock would break out. The Canadian Banks just had a break-out so they should be considered in stead. | 2010-03-02 | ||
| TOP PICK | Junex Inc. | JNX-X | 2.190 | Starting to dig for oil in Quebec. Had a big base at start of 2008 and something drove it up and then it came back down. The base afterwords was even longer than before but it just had a breakout. It could be a good little move. Speculative buy. | 2010-03-02 | ||
| TOP PICK | Sandvine Corp. | SVC-T | 1.620 | Has a history of selling off and making a big base formation. Started base building in early 2008. All the sellers get out because they are aggravated and new people get in. Very speculative. | 2010-03-02 | ||
| TOP PICK | Westaim Corp | WED-T | 0.650 | Huge base from late 07 until last fall. It is a little ahead of itself so a pull back would be a good buying opportunity. | 2010-03-02 | ||
| Comment | Bank of Nova Scotia | BNS-T | 47.800 | Has done a lot of horizontal activity. Stop loss should be where it bounced off its most recent support level. | 2010-03-02 | ||
| DON'T BUY | Research In Motion | RIM-T | 74.550 | Not in his favorite list. Broke through its 200 day moving average. Tried many times to break back through it. He would go somewhere else. | 2010-03-02 | ||
| WAIT | Microsoft | MSFT-Q | 28.670 | Is below the 50 day moving average but not the 200. Will probably have to wait until next January for it to break out. | 2010-03-02 | ||
| STRONG BUY | Wi-Lan Inc. | WIN-T | 2.880 | Believes it is a winner. Stock is above the 40-day moving average and is rising. | 2010-03-02 | ||
| DON'T BUY | Husky Energy | HSE-T | 26.920 | Has no idea why they are not doing very well, but it is still below its 200-day moving average. The main thing is to see if the stock can hold $26. | 2010-03-02 | ||
| WAIT | Com Dev International Ltd. | CDV-T | 3.270 | Sold off back in 2006 and started to make a base in 2008. He recommended it would have a major breakout eventually. A breakout would be at about $4 but has not happened yet. | 2010-03-02 | ||
| Comment | Petrobank Energy and Resources | PBG-T | 54.450 | Doing very well, above the 200 day moving average. Put your stop loss right below the recent low. | 2010-03-02 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Today was a very special day because two banks broke out of a range they were in, suggesting the market is about to start a new up-leg. The banks could put on 25 or 30% from here. Supply and demand are the main drivers of stock price. Charts are nothing but a picture of supply and demand. | 2010-03-02 | ||
| DON'T BUY | Suncor Energy Inc | SU-T | 30.410 | Stock broke below the 200 day moving average. There should be support at $30. He is watching to see if it holds. | 2010-03-02 | ||
| DON'T BUY | CitiGroup | C-N | 3.400 | Huge sell off from $55 to $2. It is starting to base build. There is some belief that around $2.50 there is some support. Recommends some Canadian banks. | 2010-03-02 | ||
| HOLD | Questerre Energy | QEC-T | 4.680 | Has had a major breakout. It was base building last fall. The 200 has crossed over and is rising. Would buy lower, but there no reason it could not go higher. | 2010-03-02 | ||
| BUY | Connacher Oil and Gas | CLL-T | 1.290 | Had a beautiful base and then the moving average came down and it started to turn. | 2010-03-02 | ||
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| HOLD | Cott Corp | BCB-T | 7.570 | Big base ended last April and then it broke out. Stop loss at $5.50. | 2010-03-02 | ||
| HOLD | Taseko Mines Ltd. | TKO-T | 4.780 | You have to be very careful when you find head and shoulders. There is a possibility that this one could become a head and shoulders. Set a stop loss and watch it very carefully. | 2010-03-02 | ||
| BUY | Cisco | CSCO-Q | 24.330 | You are looking for a breakout above the recent high. Would buy it and then double up on a breakout. | 2010-03-02 | ||
| WAIT | Teck Resources Ltd. (B) | TCK.B-T | 38.700 | Moving average is rising, doing well. Had a correction recently. You should be waiting for a breakout above the high before correction. Stop would be at the low in the recent correction. | 2010-03-02 | ||
| PAST TOP PICK | Alamos Gold Inc | AGI-T | 12.770 | (Top Pick Sep 18/09, Up 31%) Still an exciting stock with a higher target. | 2010-03-02 | ||
| PAST TOP PICK | Gerdau Ameristeel Corp | GNA-T (Dead) | 7.420 | (Top Pick Sep 18/09, Down 14.7%) He got stopped out around $8.50. | 2010-03-02 | ||
| PAST TOP PICK | Corriente Resources | CTQ-T | 8.490 | (Top Pick Sep 18/09, Up 30%) It got taken over. | 2010-03-02 | ||
| DON'T BUY | Imperial Oil | IMO-T | 38.750 | Not is favorite stock. It fell below its 200 day moving average. Trying to find support at about $38. If you own it, be careful if it breaks below $38. Other oil stocks look better. | 2010-03-02 | ||
| BUY | Encana Corp | ECA-T | 34.490 | Doing well. Recently looks like it wants to break out. All we want to see is it cross $37-$38. It’s certainly on his favorite list. | 2010-03-02 | ||
| TOP PICK | Galleon Energy Inc. | GO-T | 5.530 | Had a huge drop in 2008 from $20 down to $2.50. Since then it has made a wonderful base so it is on the verge of a major breakout. | 2009-11-05 | ||
| TOP PICK | Toromont Industries | TIH-T | 25.550 | Industrial sector. Stock had a big selloff in 2008 and made a double base. Now breaking out and could go very well. | 2009-11-05 | ||
| TOP PICK | Gammon Lake Resources | GAM-T | 9.820 | Gold is tremendous and the stock made a “true” inverse head and shoulders and is now breaking through the neckline. Could easily be $15-$17. | 2009-11-05 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Markets. A correction is happening but there is a sector rotation happening, which is why you don't see the correction too much. Banks are going to be weaker and golds continue to be strong creating a rotation, which is why the TSX doesn't go down. The index could come back 10500-10250. This does not mean the end of the Bull market. | 2009-11-05 | ||
| PAST TOP PICK | Loblaw Companies Ltd | L-T | 30.250 | (A Top Pick Dec 4/08. Down 7.4%.) Had looked like it had an upside potential and was above its 200-day moving average. It then turned around giving lots of negative signals and he got stopped out at around $34-$35. Still in the negative pattern. | 2009-11-05 | ||
| PAST TOP PICK | Imperial Oil | IMO-T | 40.490 | (A Top Pick Dec 4/08. Up 11.4%.) Not one of the oils that he favours right now because it is meandering and below the 200 day moving average. It could drop even further. | 2009-11-05 | ||
| PAST TOP PICK | CASH | CASH | 0.000 | (A Top Pick Dec 4/08. N/A.) He is now totally invested. | 2009-11-05 | ||
| HOLD | Breakwater Resources | BWR-T | 0.385 | Big drop from its 2007 high and went into a base building period followed by an up-leg in the spring, bit of a correction and just had another up-leg. Probably going into some kind of a corrective period again. In general it is a good stock with rising 200 and 50 day moving averages. | 2009-11-05 | ||
| DON'T BUY | TSX Group | X-T | 28.140 | Had a congested area from May through October where buyers and sellers fought it out in the price didn't move much. It then had a break down and so the next support is not until about $22. | 2009-11-05 | ||
| BUY | Canadian Natural Rsrcs | CNQ-T | 67.710 | A bit of correction but it has still not come back to the 200-day moving average. On a long-term basis, this is an exciting stock. Had a big base in the Dec-March period, which can support higher targets. Hold long as it is above its 200-day moving average. Seems to be in a trading range and the bottom is near $66. | 2009-11-05 | ||
| DON'T BUY | Falcon Oil & Gas | FO-X | 0.150 | A speculative stock trying to find some oil in Hungary. People only in the stock should have had a stoploss at around $.40. | 2009-11-05 | ||
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| SELL | Research In Motion | RIM-T | 61.650 | Had a huge gap-down and broke below its 200-day moving average and is now in a very negative space. Look for a rally and try to get out at $69.50 or $69.60. | 2009-11-05 | ||
| WATCH | Aecon Group Inc | ARE-T | 12.090 | Fell through support on the 50-day level but then managed to rally above it. Stock could be on the verge of a breakout and if it goes above $13 double your position. Use a stop-loss of $10.80. | 2009-11-05 | ||
| HOLD | CitiGroup | C-N | 4.060 | Stock was hit and finished with a low and right now it is in kind of a semi-positive manner and on a 4-5 month Hold it could see $6-$7 but you should have a stoploss near $3.50. | 2009-11-05 | ||
| BUY | Barrick Gold | ABX-T | 43.480 | Removed all their hedges and the stock moved up. Based on a point-figure reading the stock is probably heading towards $50 possibly. To be on the safe side, your stoploss should be at around the $35-$36 level. | 2009-11-05 | ||
| SELL | Sherritt International Corp. | S-T | 7.090 | Had a wonderful ride from March into October but broke down through the up-trend line and will probably have a bit of a pullback towards the 200-day moving average of around $5.20. If you own, consider selling now and buying back at around $5.25-$5.50. Long-term he feels the stock has higher targets and could even get to $10. | 2009-11-05 | ||
| WATCH | Air Canada (B) | AC.B-T | 1.140 | Had a major selloff in the summer and then shows a congested area from that time on. Until the stock breaks through $2 you do nothing. $2 is the signal it has broken out. | 2009-11-05 | ||
| Comment | Teck Resources Ltd. (B) | TCK.B-T | 33.380 | Made a base Dec-March and broke out with a very clear signal. There has been a big move and the danger is that you break below the uptrend line when it comes below the 50-day moving average of around $30. 200-day moving average is $20 giving you a $10 gap. Use a stoploss of around $28-$29. | 2009-11-05 | ||
| WATCH | Canadian National R.R. | CNR-T | 54.990 | Stock has been in a congestion area and is on the verge of a possible breakout. If it gets to $55-$56 it will go significantly higher. | 2009-11-05 | ||
| Comment | Manulife Financial | MFC-T | 19.860 | Stock has broken below what should have been its support. If you own, use a $19 stoploss because if that amount triggers you are looking at $12 again. | 2009-11-05 | ||
| HOLD | Rubicon Minerals Corporation | RMX-T | 4.550 | Beautiful chart pattern where the trend line connects to 3 spots indicating that the stock is very bullish. There could very easily be a pullback. 50-day moving averages around $4.25 and if the breaks that it could easily see $3.25. Use a stoploss of around $4.10-$4.25. If you own, consider selling 1/3 of your position. | 2009-11-05 | ||
| TOP PICK | Alamos Gold Inc | AGI-T | 10.280 | Retesting the 50-day moving average, which is a great buying point. With the retest it is an ideal time to get in. Long-term chart is very bullish. Use a stoploss of about $9.35. | 2009-09-18 | ||
| TOP PICK | Gerdau Ameristeel Corp | GNA-T (Dead) | 9.070 | Steel. Has started a new major up leg having made a congestive area and the stock is on the break up. Above the 200 day moving average. Fantastic stock. | 2009-09-18 | ||
| TOP PICK | Corriente Resources | CTQ-T | 6.530 | Copper and gold. Recently ran to $8 and now has a descending “flag” and in 90% of the cases you have a new high. Would use a stoploss below $6 or even below $5.50. | 2009-09-18 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | TSX and S&P 500. Using the 200-day moving average as his guide, he knows that the index has no place to go but up. If you have a rising 200-day moving average, it means we are in a bull market. Short-term traders should pay attention to the 21-day moving average, intermediates to the 50-day and low traders to the 200-day. | 2009-09-18 | ||
| PAST TOP PICK | Husky Energy | HSE-T | 30.750 | (A Top Pick Sept 3/08. Down 29% but he got stopped out and was down 14%.) Now starting to make a base and is probably going to be a better looking stock but not yet. | 2009-09-18 | ||
| PAST TOP PICK | Toromont Industries | TIH-T | 23.280 | (A Top Pick Sept 3/08. Down 26.1% but got stopped out at $27 for a 14.3% loss.) Now doing well and starting to make a base. Ideal buying opportunity. 200-day moving average is around $22 but has just had a major break above a descending trendline so stock is probably ready to jump. | 2009-09-18 | ||
| PAST TOP PICK | Johnson & Johnson | JNJ-N | 60.780 | (A Top Pick Sept 3/08. Down 15%.) Made a V base. 200-day moving average around $55. Would love to buy if it broke into new highs. Anything above $62-$63 would be confirmation of the beginning of a new leg. | 2009-09-18 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Gold. Has tried to get through the $1000 area a number of times and believes it is now doing it. There is a rising 200-day moving average. Point and figure chart for 2008 and 2009 inclusive confirms that it is likely to go to at least $1500-$1600. | 2009-09-18 | ||
| BUY | Eldorado Gold | ELD-T | 12.210 | Gold has broken out above $1000. This is one of the best moving stocks. It is riding above the 200-day moving average. Could be a little bit of a pullback for a little bit of a correction but he is looking for higher targets. | 2009-09-18 | ||
| BUY | Precision Drilling | PD-T | 7.490 | 200-day moving average has intersected and the stock is starting to rise. May have a tiny pullback to about $6.80-$6.90 but expects it will be a significantly better than it has. | 2009-09-18 | ||
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| BUY | Breakwater Resources | BWR-T | 0.275 | Major selloff from 2007 but then started to base building and now has a rising 200-day moving average. Any kind of a weakness will bring it back to roughly $.28 but stock is ready to start rising again with a possible $.75 target. Very little resistance between now and $.75. | 2009-09-18 | ||
| Comment | Shore Gold Inc. | SGF-T | 1.470 | Moving averages are at $.70 and stock is at $1.50, well ahead of the momentum. Probably has higher potential. If you own, just in case of a pullback, consider taking profits on half the position and buying it back on a pullback. Relative Strength Index suggests it is well into overbought territory and that herd mentality is starting to turn. Pull back could be at around $1.10. | 2009-09-18 | ||
| BUY | BCE Inc. | BCE-T | 26.750 | Has been base building and has managed to get above the 200-day moving average. The whole basing area could very well turn into an upside movement. Good yield of 6%. | 2009-09-18 | ||
| BUY | FNX Mining Company | FNX-T(Dead) | 9.160 | Made in a space in the early part of the year and is now above the 200-day moving average, which is starting to rise. The initial upside target would be roughly in the $15 range. | 2009-09-18 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Stop/Losses. Everybody should use stop losses. You can eliminate your losses. The major way to eliminate catastrophes. The amount depends on your risk profile. If you are a trader, you want to have it tighter. If you are a long-term investor, a little bit lower. Generally put it at the most recent low from which you went up into a most recent high. It should always be $.10, up $.15 etc. below a round number. | 2009-09-18 | ||
| BUY | Manulife Financial | MFC-T | 22.780 | Had a low of about $10 and rallied to about $25 and managed to get above its 200 day moving average, which is currently around $17-$18. Had a tiny correction in the beginning of August. This is a wonderful entry point. | 2009-09-18 | ||
| Comment | First Quantum Minerals | FM-T | 65.010 | Had an exciting and very strong uptrend from about $15-$75. If you own, definitely use a stoploss. 200-day moving average is around $45. The huge gap quite often means there is going to be a pullback towards the 200-day average. Currently starting to drift below the 50 day moving average. There is a major uptrend and that line should be your stoploss. | 2009-09-18 | ||
| HOLD | Trans Canada Corp | TRP-T | 33.170 | Stock is starting to behave better. Price has gone above the 200-day moving average. There have been 2 congestive areas of support and has now had a breakout. Stoploss should be around (below the round number) the $32 area. | 2009-09-18 | ||
| HOLD | Connacher Oil and Gas | CLL-T | 1.000 | Very bullish on this stock. December April it had a major trading range that was a support. Had another major support over the summer. 200-day moving average is now doing very well. There may be a little resistance around $1.25-$1.50. Because of the long base, the stock will probably have a big upside move. Stoploss should be below $.75. | 2009-09-18 | ||
| Comment | Bank of Montreal | BMO-T | 53.540 | Had a major rise from March because it had been so oversold. 200-day moving average is at $40 so there is a huge gap between this and the stock price. Therefore anything can happen including a correction. If you are worried about losing some profits, your stoploss should be below $47-$48. | 2009-09-18 | ||
| HOLD | Motorola | MOT-N | 8.960 | Probably just starting to build a base. Had a nice run but as it started at $25 in 2006 and came down to $2.98 the recent run did not recover everything. 200 day moving average has just started to turn up. Because of the recent move, you should probably expect a little correction to about $8 so a stoploss should be below $6 or $7. | 2009-09-18 | ||
| Comment | Teck Resources Ltd. (B) | TCK.B-T | 28.800 | If you are a short-term trader, the 21-day moving average and it clocks in at $27.84 and the 50-day is at $26.55. There is a big gap between the 200-day average and the stock price so there is a probability that the stock is going to reverse so put your stoploss below $25. | 2009-09-18 | ||
| DON'T BUY | Barrick Gold | ABX-T | 33.100 | Trying to make a bottom. Worthwhile to look at it in the $27-$28 range. Still below its 200 day moving average. | 2008-12-04 | ||
| DON'T BUY | Canadian Natural Rsrcs | CNQ-T | 41.000 | Below its 50-day moving average of about $55 and the 200-day moving average of $76. Has to make a base. | 2008-12-04 | ||
| Comment | Canadian Oil Sands Trust | COS.UN-T | 20.600 | If seriously interested in this, he would suggest you scale in. Buy a little bit at $20 and a little more if it goes lower, etc. Distributions should offset this. | 2008-12-04 | ||
| DON'T BUY | Ford Motor | F-N | 2.660 | Tried to make a stand when it was around $6 but wasn't able to. There is a minor, minor potential for the stock going from current prices to about $3.50. 200-day moving average is still around $5. As long as the 200-day moving average is falling, you are you would be brave getting in. | 2008-12-04 | ||
| SELL | UEX Corp. | UEX-T | 0.500 | Stock has been trying to find a base at around $0.50. 50-day moving average is getting very close to the price. Still vulnerable. If you own, consider taking a taxable loss. | 2008-12-04 | ||
| Comment | Yamana Gold Inc. | YRI-T | 6.300 | Has started to make a base. Has some upside potential. It is at the 50-day moving average. Could potentially go to $9.50. Once it has gone up there it could very well retest its lows. $5.80 would be a good place to put a stoploss. | 2008-12-04 | ||
| DON'T BUY | Potash Corp of Saskatchewan | POT-T | 62.890 | You don't know where it is going to hit its bottom. Don't try to bottom fish. | 2008-12-04 | ||
| TOP PICK | Loblaw Companies Ltd | L-T | 33.500 | One of the few stocks that is above its 200-day moving average. Started base building as far back as February/08. Use a stoploss of around $30.50. Potential of reaching $47-$48. | 2008-12-04 | ||
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| TOP PICK | Imperial Oil | IMO-T | 36.600 | There are some stocks that are now making bases and this one has been base building since Sept. early Oct. Gone above its 50-day moving average. Could rally to around $50. Use a stoploss of around $30. | 2008-12-04 |
