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Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer at Castlemoore Inc.
Member since: Nov '06 · 1252 Opinions
Rating Card
| All | 
Rating
| 
Big Win
| 
Win
| 
Neutral
| 
Loss
| 
Big Loss
|  |
|---|---|---|---|---|---|---|---|
| 3.6 | 51 30.54% | 37 22.16% | 19 11.38% | 28 16.77% | 32 19.16% | ||
| 1 Month | 3.47 | 1 2.44% | 17 41.46% | 12 29.27% | 10 24.39% | 1 2.44% | |
| 6 Months | 3.52 | 12 29.27% | 7 17.07% | 5 12.20% | 8 19.51% | 9 21.95% | |
| 12 Months | 3.57 | 17 41.46% | 7 17.07% | 0 0.00% | 9 21.95% | 8 19.51% | |
| 2 Years | 3.82 | 18 47.37% | 6 15.79% | 2 5.26% | 1 2.63% | 11 28.95% | |
| 5 Years | 0 | 3 50.00% | 0 0.00% | 0 0.00% | 0 0.00% | 3 50.00% |
Stock Opinions by Jeff Parent B. Eng. FCSI CIM
The December/January period is a seasonally strong time of year for equities. There may be a rotation out of large cap tech names into the Russell 2000 type stocks, small cap financials etc. The whole U.S. regional bank sector is down and technically basing so it is at a good value for buying.
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It formed a base last month and is in the early stage of a rally. You have to have an exit strategy so this one would be at $50. It has lots of potential.
It has transformed itself and has bottomed after a sell-off, consolidated and had a nice rally. It is well valued now so wait to buy at $290
There is lots of trading going on around $50 to $60 and it is a lot less volatile. It is beginning to break out but wait to buy. Use the 50 day moving average.
Editor's Note: The guest wasn't familiar with the specific equity and talked about indicators in general. Use volume at price. If the price stays below where many have been buying for long enough then many will begin to sell. Support levels are an indicator. Where the price breaks above the resistance point then that is a good sign. Coming up from a low point is also a good indicator. Use moving averages to apply stops.
The support level is at $119 which would be a good buying opportunity. It should get back to the mid $120's by the end of the year. Set your stop loss at $113. CIBC and TD are his big bank holdings. Prices will be affected by positive inflation and interest rate news.
There is a lot of trading going on and it is consolidating at $46 to $48. Wait until it breaks out at $48. There has been a lot of volatility - $39 is your exit price.
It is not trading above its 200 day moving average and has been at its consolidation level for a long time. Look for a breakout above $28. It is not a trading stock but one to buy and hold. It pays a decent dividend without big risks.
It has a long bond structure and re-balances on a daily basis. It is a play on interest rates and he still holds it but it is risky. The bond market has been volatile. Don't buy it unless you study it carefully to see how it works.
This is one to own with a short time frame in mind. There is some concern with debt but it is being dealt with. If you own 100 shares of the company you can get a discount on cruises.
It is an energy storage and midstream type of company. It has a good dividend so focus on that. You can continue to hold above $19.
He is not too familiar with the company but technically there has been quite a drop from its top two or three years ago, and it doesn't look that great right now. It is below its various moving averages and there is quite a lot of active trading. The recent big reversal after the rally is a bad sign. Don't buy right now - wait until $3.50. Look at the bottom line and top line sales.
There is a breakout in this space. Amazon has a good chart and could break thorough highs and consolidate at the $160 level. The downside is a support level at $132. He owns a lot of SHOP.
For Baytex there is some consolidation here due to some nervousness re the price of oil. Cenovus is similar to Baytex and has dropped to the consolidation level. It could go to the $20 level in the next 3 to 6 months. Don't buy energy now since it could retrace much of its big gains.
For Baytex there is some consolidation here due to some nervousness re the price of oil. Cenovus is similar to Baytex and has dropped to the consolidation level. It could go to the $20 level in the next 3 to 6 months. Don't buy energy now since it could retrace much of its big gains.
