Teck Resources Ltd. (B) (TECK.B.TO)

(Top Pick Dec 30/11, Down 4.40%) Good balance sheet, raised dividend twice. Copper is doing well. Coal has come down but it looks like a little bit of a rebound in China (Met Coal) so it is a good name to own.

He got rid of it and move on. He was concerned that he had too much commodity exposure. He loves their exposure to copper but not coal.

Likes it here. Commodity movement which is imminent may be a little premature. Likes the sector but it may be a little early. Put a stop in. Look at support and resistance. If a stock is at a 52 week high, it means they have some momentum.

Great company. Good resources on the coal and copper sides and zinc as well, which is not talked about anymore. Really dependent on what happens in China. With the transition of power in China, we are starting to see some of the numbers actually look like there might be growth in China again. This company should go up from here.

Problem with this is that it is just now starting to make enough base building to create something where it would be breaking out. 200 day moving average is still above the current price. Wait for a breakout.

China has a lot of copper right now and the demand for coal is slowing a little bit. That theme will not go away any time soon. He would be looking to take some money off the table and then get back in within the next 6 months.

In 2013 there is a challenge in the Coal and Copper / base metals space. Not a wonderful year globally. XME-N is an EFT he bought as a trade. He is ok with TCK as a trade for the next month or so.

Doesn’t know if it rallies because of copper or coal. Thinks there is money flowing into this. So the worst is over. It broke the down trend line. He thinks it is fine.

What they do next year will be very dependent on what China does and on the global economy. China seems to be stabilizing. New targeted rate is 7.5%. China is a big consumer of Met. Coal. TCK has pretty good support here. Low cost operations and are increasing production in both coal and copper. If we go back into a recession then this stock will probably go even further.

Coal market and iron ore market have turned. Prices are run down. Cost of production has come down. Now you are seeing a build up the other way. Copper looks good. It's a recovery play. He has been buying recently. Global consolidation of the resource sector at this point and that wont hurt them.

One of the biggest base metal and bulk material mining company in the country. Their main product is coking coal, used for steel production. Also, have some copper and zinc as well as some exposure in the oil sands. Stock did very well coming off the 2009 trough but recently has been pulling back, probably because of the slowdown in China and slowing demand for their main product. We are now seeing a bottoming of their product so the stock is bouncing a little bit. A lot of potential mid-term and longer-term but in the shorter term, watch to see if the economy picks up.

If you own it hold on to it but it is the wrong part of the cycle to buy it. There is no indication that China, Brazil and India, have reached bottom and Europe is still a basket case. There is no indication of an industrial turnaround.

We are seeing a bottoming of activity in China but feels it will start showing some additional strength, especially with their new leadership. He is looking to double his position in the reasonably near future.

Concerned about China so he sold his holdings. All his research tells them that they have so much coal sitting in ports waiting to be unloaded. Feels the dividend is safe. Balance sheet is good. Management is top quality.

If you are doing tax planning and wanted to lock in some losses right now, why not do it. Doesn't think we will see the basic materials stocks run significantly in the 4th quarter. You can always buy it back after waiting through the hold period.