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Stock Opinions by Ron Meisels

COMMENT

Markets. We are in a bull market, but it is resting. In the market we go from a depression period to a euphoria period. During March 2009 we were feeling a depression period , but feels we haven't hit the euphoria period yet. You need to have a plan as to how the market is moving then you can make some decisions. Since Oct. 2014, we have been in a horizontal trading range. He feels we still have one more uptrend to go,. The next uptrend could go to the middle of 2016. Feels that there is room to run, the market has been long, but you have to understand that when you have a huge secular bear market, you are going to get a huge secular bull market.

Unknown
COMMENT

Had a very good run from 2011 to 2014. Then it ran out of steam a little bit, Now it has come back towards support, feels around $20 there should be some support. Now he feels that there is a chance for another up-leg on Badger. Would like to see a break from the downtrend . Feels that the up-leg could be quite long and positive.

oil / gas
WATCH

He uses 2 tools for his analysis: the 40 week moving average and the trend line. In The Score, he can see the 40 week average still rising, but now the price has fallen below it and the trend line has broken. This is where the stock started to back off. Now the stock has developed a downtrend and until it breaks that downtrend line the stock will not stop falling. He thinks the support is around the 2014 trading range. So he believes that we are not far from it and buyers could probably come in. The stock is a little bit oversold. It is in a downtrend right now and you should buy stock when it is in a uptrend.

Unknown
COMMENT

Gold recently broke the technical lines? Do you still use this line in how to trade? He believes that you should never disregard anything. Sometimes you have a one day reversal and you want to look at it to see how people have reacted to it. Gold had a upper rising, 40 week average. Somewhere it changed and it started to come down and even today we are falling below the 200 moving day average. The trend line is broke and it is trading down. It is possible that gold is having a selling climax. Make sure that gold has found a bottom. He recommends getting into gold stocks once gold has definitely found its bottom.

Unknown
COMMENT

Dollar Tree has done very well. Sooner or later the stock should be seeing a top formation and could have a double top formation, or ”M” which is often followed by the collapse of the stock . Should have a stop loss around $80.00. Also, should have a 2nd stop loss around $75.00. If those 2 things break the stock could come down to the support level of about $60.00.

merchandising / lodging
COMMENT

Canadian Dollar. Where does he see it bottoming out? He doesn't have any idea. The chart has been falling and it is in a downtrend and as long as it is a downtrend the trend continues. The only way the trend is going to change is, if it changes. You have to wait until it finally finds a support. The Canadian dollar is weak and it will continue for a while.

Unknown
PAST TOP PICK

(Past Top Pick, July 21 2014, down 9.13%) Stock was doing well until we had this crazy reversal. Using stop losses he got out of all 3 of his past top picks because of the oil crisis.. Now the stock is fighting and it is falling. If it can find support around the $47.00- 48.00 level and If Obama changes his mind it could be a stock with a new high. Buying it here you are doing a 50/50.

oil / gas pipelines
PAST TOP PICK

(Past Top Pick, July 21 2014, down 59.41 %) Using stop losses he got out of all 3 of his past top picks because of the oil crisis.. Have hurt because of the oil. Stock is in a downtrend line and is still falling until it finds support. Don't bargain hunt until the stock has found support.

oil / gas
PAST TOP PICK

(Past Top Pick July 21 2.014, Husky down 28.42%) Using stop losses he got out of all 3 of his past top picks because of the oil crisis. In the case of Husky you can see that it is trying to make a base. It is almost making a “W” and if it breaks the downtrend line, it might be a buy. But it hasn't quite yet.

oil / gas
COMMENT

Price of Oil? We had a major, major down trend line. We have a potential for a double bottom. It is looking better than before.

Unknown
HOLD

This is an 80 cent stock and he feels they are always more volatile and always difficult to analyze. One good thing about NexGen is that it has developed a rising 40 week moving average. Stock is doing well. Stick with it. Hang onto it. He doesn't want to see it below 65-70 cents though. Recommends always going with a rising stock.

0
PARTIAL SELL

Should caller take profits from Goldcorp, which he bought as a seasonal trade, or is there more movement? There has been a major downtrend in this stock. Thinks there will be a rally. Look for $21-$22. Then the stock will probably come back and run out of steam. He feels if you are a trader this may be a time to take some profit.

precious metals
HOLD

He is very familiar with this stock, originally recommended it and owned it until the moving average was broken and the trend line broken in 2014. After that, the stock developed a major downtrend line. Stock is still below this major downtrend line. It is below its 200 day moving average. However, he is impressed that is already has a double bottom, so it has the potential to have a “W” formation. Recommends that you hang onto this stock. If it falls below $10, you should get out.

contractors
COMMENT

He recommends that you draw a trend line and look at the 50 day moving average before jumping into a stock. This stock broke the uptrend line and now it is in a downtrend. There is no double bottom and there is no sign of support. It may stop at 50 cents but he doesn't know. At this stage, it is a falling stock.

other services
HOLD

Carmanah Technologies has a rising 40 week moving average. Even though the price has gone below the short term moving average, there is still an uptrend line that is still being alive. Downsize risk of around $5.10- 5.25. There support should come in, but it is best to monitor it. Recommends sticking with it. Upside should come.

transportation equip & components
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