Latest Top Picks

Stock Opinions by David Chapman

SELL
Alphabet Inc
Charity shows three successive tops, each one lower than the last. Could go a lot lower.
Technology
BUY
Rally Energy Corp
Had a nice uptrend from the beginning of the year until May, had a correction and remained flat into July, broke out of that and took out the previous high. The ideal time to buy was when it was in the flat period. Use the flat period as your stoploss.
oil / gas
BUY ON WEAKNESS
Oilexco Inc
Broke out of the May/July channel and has moved up from that time. You have to be careful in buying at this time, because it has made quite a move. Getting close to a possible target zone. Volume is double what it normally it is which is a very positive sign.
oil / gas
BUY
Experiencing a technical correction now. Had a sharp drop in May and since then it has gone into a sideways pattern. As long as it doesn't take out the low of June, it is probably a consolidation pattern and could be accumulated in here.
precious metals
DON'T BUY
Petro-Canada
There was a high made in February and then a lower high in April and now another one in July. It's momentum is fading.
integrated oils
PAST TOP PICK
(A Top Pick July 4/05. Down 27%.) Below the 50/200-day moving averages. Chart shows a strong downtrend. Had suggested this as a Christmas rally stock.
biotechnology / pharmaceutical
PAST TOP PICK
Glamis Gold
(A Top Pick July 4/05. Up 100.3%.) This will depend on gold prices, which he expects will be higher. A possible head and shoulder pattern is forming on the charts, which is positive.
precious metals
WATCH
Could be forming a bottoming base, as there are a little series of lows. If they can break through $1.50 it could go back into the highs or higher.
metal mines
BUY
Talisman Mining Ltd
Has struggled over the last several months. It looks like it is trying to form another low. If they can get through the upper band, it could be heading for an upside. Accumulate, but use the lows as stops.
oil / gas
DON'T BUY
LeadFX Inc
Had a very top in January to May and then broke down through the zone. Will have to go back to its lows of last fall in order to form a bottom.
metal mines
BUY
Core Gold Inc
Had a nice uptrend with a correction in May. Trying to consolidate and is forming a triangular pattern. Accumulate but use a stoploss at its lows.
precious metals
DON'T BUY
During the past year, there were a lot of tops that kept getting lower and lower. This is not been a favourite of his. It needs to bust out on the upside with good volume.
precious metals
DON'T BUY
Descartes
Formed three peaks from January to June and indicates momentum is fading. Doesn't like the chart.
computer software / processing
BUY
From Aug/05 to Aug/06 it could be forming a big basing pattern. It has now broken out again and with its normal volume is considered positive.
Cable
BUY
Prefers the energy trusts right now compared to the actual energy stocks. It may be bottoming out, but there's nothing convincing on the chart to confirm that. If the price didn't grow but his distributions continued, he would be happy.
oil / gas
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