Daily Stock Opinions and Ratings

Opinions

Ron Meisels Nova Chemicals Corp. NCX-T BUY Jul 07, 2005

Had a selloff early this year and broke below the 200 day moving average. You know that the stock sold off because of some negative event, so wait for the day of the announcementwhich is usually the time the stock is going to start to make some kind of return. As long as it holds the roughly $37 area, it would be a good time to step in.

Ron Meisels

Unknown

Unlock Rating

$39.410

Stock price when the opinion was issued

chemicals

It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

Get Signals Create your Watchlist

You might be interested:

BUY

(Market Call Minute.) Likes the story very much.

BUY

Compared to their competition they have some sweetheart deals in Alberta for their raw material, mostly natural gas. Looks like it has bottomed for now and the yield is OK.

DON'T BUY

200 day moving average is currently falling. Broke below it in October of 2007. Not yet ready.

COMMENT

Chemical stocks have suffered dramatically along with all things related to commodities. Selling pressure in this one may be over. From a risk/reward perspective you have to pay a lot of attention. When chemical prices turn, they turn with a vengeance.

WAIT

This is dependant on the commodity cycle. It has more to go on the downside.

COMMENT

Gets tarred with an industrial chemical company. When investors are looking for liquidity they sell anything. Should respond on the upside as the market gets going. Costs are coming down because of lower oil prices.

DON'T BUY

A frustrating name. Essentially 2 businesses with polyethylene being good but styrenics has never really paid off. We prefer others.

HOLD

Market is very fearful right now that the company is going to go bankrupt. As a big debt load and chemical prices, specifically ethylene, have collapsed. There are strong rumours that the Alberta government might step in. Wouldn't panic and Sell. The prudent thing to do would be to take half off the table.

COMMENT

One of the giants of ethylene production. Very cyclical. Big debt and low pricing problems. Thinks it should be looked at as it may be a fabulous buy for the next cycle.

SELL

Represented unbelievable value but had near-term risk of default. If you own, you have a risk that the buyer walks. He would take the money is there are a lot of other opportunities.

Most Recent Experts

Stockchase Insights

5i Research

John Ewing

Ewing Morris Investment Partners

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

Rebecca Teltscher

Newhaven Asset Management

Rick Rule

Rule Investment Media

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

Ron Meisels Nova Chemicals Corp. NCX-T BUY Jul 07, 2005

You might be interested:

Nova Chemicals Corp.(NCX-T)

Nova Chemicals Corp.(NCX-T)

Nova Chemicals Corp.(NCX-T)

Nova Chemicals Corp.(NCX-T)

Nova Chemicals Corp.(NCX-T)

Nova Chemicals Corp.(NCX-T)

Nova Chemicals Corp.(NCX-T)

Nova Chemicals Corp.(NCX-T)

Nova Chemicals Corp.(NCX-T)

Nova Chemicals Corp.(NCX-T)

Latest Buy Signals

Today's Top Picks

Popular Articles

Latest Sell Signals

Most Recent Experts

Stockchase Insights

John Ewing

The Panic-Proof Portfolio (Stockchase Research)

Rebecca Teltscher

Rick Rule