Stock Opinions by Jeff Parent B. Eng. FCSI CIM - Stockchase Experts
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Jeff Parent B. Eng. FCSI CIM @

On Stockchase since : Nov 2006

VP & Portfolio Manager, Chief Investment Officer at Castlemoore Inc.

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T: 403-800-5697http://www.castlemoore.com/

Jeff Parent B. Eng. FCSI CIM Latest Top Picks...

Stock Opinions by Jeff Parent B. Eng. FCSI CIM - Stockchase Experts

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COMMENT
General Market Comment 

January 4, 2019

The markets. Extreme volatility is the theme continuing from 2018. Historically there's not been this much volatility. Not a lot of conviction in the buyers. Trends are short-lived. Difficult to find bottoms with reversals. Don't ignore the bond market, which got hammered today. Still in a downward trend, broke through the support level of November/December, and that will act as resistance. December 2018 ranks #9 from the bottom of 480 observations, a 9.2% loss. We're retracing back to revaluation levels, and we'll see where we go next week.
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The markets. Extreme volatility is the theme continuing from 2018. Historically there's not been this much volatility. Not a lot of conviction in the buyers. Trends are short-lived. Difficult to find bottoms with reversals. Don't ignore the bond market, which got hammered today. Still in a downward trend, broke through the support level of November/December, and that will act as resistance. December 2018 ranks #9 from the bottom of 480 observations, a 9.2% loss. We're retracing back to revaluation levels, and we'll see where we go next week.
Unknown
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Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$0.000
Owned Owned
Unknown

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HOLD
Pretty good and boring. Hold during market downturns. A sideways trend and a high yield is positive. In a $14-16 trading range. A pretty safe stock. If it breaks through $14, sell.
other services
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Pretty good and boring. Hold during market downturns. A sideways trend and a high yield is positive. In a $14-16 trading range. A pretty safe stock. If it breaks through $14, sell.
other services
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Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$15.290
Owned Owned
Unknown

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COMMENT
General Market Comment 

January 4, 2019

Do you slow down US investments when CAD is weak? Likes US markets better, especially for technicians. Has 30-40% minimum in US markets, and he's not slowing down. When stocks sell off, he holds cash. CAD above 80-85 cents would cause a headache for him. But for now, he's continuing to buy US stocks. Has about 45% cash, from selling off on stops.
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Do you slow down US investments when CAD is weak? Likes US markets better, especially for technicians. Has 30-40% minimum in US markets, and he's not slowing down. When stocks sell off, he holds cash. CAD above 80-85 cents would cause a headache for him. But for now, he's continuing to buy US stocks. Has about 45% cash, from selling off on stops.
Unknown
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Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$0.000
Owned Owned
Unknown

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BUY
Bank of America(BAC-N) 

January 4, 2019

Good buying opportunity from a short-term perspective. Has a bottom, with an emotional drop down to $22 level. Nice little rebound today, along with the rest of the market. Would expect it to do well. If it can get above $26, looks much more attractive for mid-term. Have to be aware that we've seen big days like this in the past followed by bigger drops. $24 is a good exit point for short-term traders.
banks
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Good buying opportunity from a short-term perspective. Has a bottom, with an emotional drop down to $22 level. Nice little rebound today, along with the rest of the market. Would expect it to do well. If it can get above $26, looks much more attractive for mid-term. Have to be aware that we've seen big days like this in the past followed by bigger drops. $24 is a good exit point for short-term traders.
banks
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Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$25.580
Owned Owned
Unknown

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PARTIAL SELL
Kirkland Lake Gold(KL-T) 

January 4, 2019

Has been fantastic, all-time highs. Lots of gold stocks will do well, as people look for safety. Rates well fundamentally. Could see it coming down and finding support at $30. He'd be taking some profits. If markets rally, this could be a dangerous stock. Has potential to be sold off, as part of a sector rotation. If you want to hold, use 50-day moving average as an exit point.
precious metals
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Has been fantastic, all-time highs. Lots of gold stocks will do well, as people look for safety. Rates well fundamentally. Could see it coming down and finding support at $30. He'd be taking some profits. If markets rally, this could be a dangerous stock. Has potential to be sold off, as part of a sector rotation. If you want to hold, use 50-day moving average as an exit point.
precious metals
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Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$34.750
Owned Owned
Unknown

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WATCH
Nice sideways motion. Big trading range. The longer a stock goes sideways, the bigger the breakout, and he'd play this as a breakout above $90 (long position) or below $75 (short position). He wouldn't buy until it gets above $90. Wait until something happens, and be patient.
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Nice sideways motion. Big trading range. The longer a stock goes sideways, the bigger the breakout, and he'd play this as a breakout above $90 (long position) or below $75 (short position). He wouldn't buy until it gets above $90. Wait until something happens, and be patient.
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Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$86.270
Owned Owned
Unknown

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WEAK BUY
Jump up today looks encouraging, but he's not aware of any news. Pretty good rally, generally positive. Looks as though volume is building. Could head back up to $3. If it drops below $1.80 or $1.90, he'd be concerned. These stocks are risky, no more than a 2% position in your portfolio.
Technology
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Jump up today looks encouraging, but he's not aware of any news. Pretty good rally, generally positive. Looks as though volume is building. Could head back up to $3. If it drops below $1.80 or $1.90, he'd be concerned. These stocks are risky, no more than a 2% position in your portfolio.
Technology
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Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$2.310
Owned Owned
Unknown

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PARTIAL BUY
Theratechnologies Inc(TH-T) 

January 4, 2019

Every biotech company always has some life-altering technology, and it's always way too positive. Small-mid caps like this can have big moves. Reversing a sideways trend, and breaking up to new levels, so that's positive. Maybe some movement up to $12. Take a small position, don't expose yourself too much. Support will be around $8.50, and if it breaks, start exiting.
biotechnology/pharmaceutical
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Every biotech company always has some life-altering technology, and it's always way too positive. Small-mid caps like this can have big moves. Reversing a sideways trend, and breaking up to new levels, so that's positive. Maybe some movement up to $12. Take a small position, don't expose yourself too much. Support will be around $8.50, and if it breaks, start exiting.
biotechnology/pharmaceutical
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Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$9.480
Owned Owned
Unknown

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PAST TOP PICK
Keyera Corp(KEY-T) 

January 4, 2019

(A Top Pick May 31/18, Down 23%) He put limits on, and it broke through. If you're going to buy, wait until around $27.70.
oil/gas
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(A Top Pick May 31/18, Down 23%) He put limits on, and it broke through. If you're going to buy, wait until around $27.70.
oil/gas
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Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$27.040
Owned Owned
No

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PAST TOP PICK
Wells Fargo(WFC-N) 

January 4, 2019

(A Top Pick May 31/18, Down 12%) Exit level was $50.50. Needs to move above $48.20 before you buy. There are opportunities other than banks in the market right now.
investment companies/funds
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(A Top Pick May 31/18, Down 12%) Exit level was $50.50. Needs to move above $48.20 before you buy. There are opportunities other than banks in the market right now.
investment companies/funds
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Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$47.950
Owned Owned
No

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PAST TOP PICK
(A Top Pick May 31/18, Up 37%) $16.20 exit level. This company's too uneven, he wouldn't recommend it at this point.
Telecommunications
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(A Top Pick May 31/18, Up 37%) $16.20 exit level. This company's too uneven, he wouldn't recommend it at this point.
Telecommunications
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Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$15.040
Owned Owned
No

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DON'T BUY
Maxar Technologies(MAXR-T) 

January 4, 2019

Almost a natural disaster. Pretty decent fundamentally for a while. Big drop. Wouldn't buy right now, has to form some support. Volume at this level is not substantial. Doesn't scream "turnaround" anytime soon. Would look at it if it got back to the $20s. Risky.
computer software/processing
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Almost a natural disaster. Pretty decent fundamentally for a while. Big drop. Wouldn't buy right now, has to form some support. Volume at this level is not substantial. Doesn't scream "turnaround" anytime soon. Would look at it if it got back to the $20s. Risky.
computer software/processing
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Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$15.760
Owned Owned
No

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HOLD
Enbridge(ENB-T) 

January 4, 2019

Growth or stagnate? Stagnate is the best word. The yield is above 6%, so it's a good stock to hold from an income or dividend growth perspective. Wouldn't have a lot of capital gain expectations. May top up to $46, but not higher in next 3-4 months. Lots of headwinds above the $46-47 level. Support around $41-42.
oil/gas pipelines
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Growth or stagnate? Stagnate is the best word. The yield is above 6%, so it's a good stock to hold from an income or dividend growth perspective. Wouldn't have a lot of capital gain expectations. May top up to $46, but not higher in next 3-4 months. Lots of headwinds above the $46-47 level. Support around $41-42.
oil/gas pipelines
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Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$43.720
Owned Owned
Unknown

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DON'T BUY
Goldcorp Inc(G-T) 

January 4, 2019

Sees nothing encouraging in the fundamentals here at all. Clawed its way back from its recent 18% drop. People are worried about gold prices not sustainable at the $1300 level. Wouldn't be a buyer. Lot of resistance above $14.
precious metals
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Sees nothing encouraging in the fundamentals here at all. Clawed its way back from its recent 18% drop. People are worried about gold prices not sustainable at the $1300 level. Wouldn't be a buyer. Lot of resistance above $14.
precious metals
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Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$12.980
Owned Owned
No

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PARTIAL SELL
When a stock loses this much, it's on life support. Especially when it's down from the $5-6 levels of the past summer. Want to see a breakout above current consolidation area on some volume to trigger a buy. Consider reducing your exposure.
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When a stock loses this much, it's on life support. Especially when it's down from the $5-6 levels of the past summer. Want to see a breakout above current consolidation area on some volume to trigger a buy. Consider reducing your exposure.
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Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$2.590
Owned Owned
No

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