Opinions by Keith Richards | StockChase
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Keith Richards

Portfolio Manager

ON STOCKCHASE SINCE May 2009

ValueTrend Wealth Management


Opinions by Keith Richards


Signal Opinion Expert Chart

2017-10-31

N/A
A Comment -- General Comments From an Expert 

2 Market Halloween Scares.

1. According to some polls, Pres. Trump's approval rating has dropped below 35%. When a president falls below 35% and the market is hitting new highs, the average performance of the S&P 500 is -1.6% the next month.

2. You need widespread participation across the market. If it is only being led by a few stocks or 1 or 2 sectors, you are often in trouble. Effectively, we are being led by 5 stocks on both the S&P 500 and the NASDAQ. If you look at the broad market, a lot of stocks are not doing as well as those 5. With such narrow leadership, if the steam runs out in any or all of them, you could be in for some interesting times.

Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $0.020
Owned: _N/A

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2017-10-31

BUY on WEAKNESS
Alibaba Group Holding (BABA-N)

This is in an uptrend. It consolidated for a while, but generally speaking has been a fairly bullish pattern. The consolidation we are seeing, is still making higher highs and higher lows. A great stock. If it pulled back to a narrow trend channel, he would be all over this. Doesn't see anything stopping it.

Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $184.890
Owned: Unknown

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2017-10-31

DON'T BUY
BlackBerry (BB-T)

Has a lid somewhere around $15, and has hit it over and over and over again. The company is focusing away from handheld devices, and moving into areas where they can prosper. Nevertheless, you need a break out. You need it to stop going sideways. The only way to trade this is to buy it somewhere around $8-$9. He wouldn't touch this at this point, because it is getting too close to the top of its range.

electrical/electronic
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $14.120
Owned: No

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2017-10-31

DON'T BUY
Best Buy Company Inc (BBY-N)

There is a pattern that could be called a Double Top, and from there it has been in a downtrend. You have lower highs and lower lows. Until the stock starts to consolidate, with no more lower highs or lower lows, and breaks past the last high and past the 200-day moving average, you are not in an uptrend.

specialty stores
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $55.980
Owned: Unknown

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2017-10-31

PAST TOP PICK
BCE Inc. (BCE-T)

(A Top Pick June 12/17. Up 1%.) Typically, every summer, he goes low beta, so he looks for things that maybe don't have tons of upside, but maybe pays a dividend and gives a little bit of return. It might get to $62-$63, and then he would Sell. He tends to trade this through the summer just as a place to own something during the period that he thinks might be more volatile. 5% dividend yield.

telephone utilities
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $59.570
Owned: Yes

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2017-10-31

DON'T BUY
Baytex Energy Corp (BTE-T)

This had a pretty nasty move through 2014-2015. Oil had a peak in 2014, and this fell along with all the other oil stocks. Since then, it has been basing along with oil. In the base, without a break out, he wouldn't be a buyer.

oil/gas
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $3.550
Owned: No

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2017-10-31

PAST TOP PICK
CASH (CASH)

(A Top Pick June 12/17.) Always holds cash in the summer. He is spending a big chunk of his cash right now, but a bit at a time. He worries about the lack of volatility in this market, it is not healthy. Expects to be holding 15%-20% in cash a few weeks from now.

N/A
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $0.010
Owned: Yes

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2017-10-31

COMMENT
Canadian National R.R. (CNR-T)

Transports are good to go over most of the winter. This had a bit of consolidation in 2015-2016, and then broke out. The chart looks like it is consolidating. The bigger picture is pretty bullish. If you are a long-term buyer, you shouldn't worry about the consolidations. We are in one of those sideways patterns, but it may take a while. Personally, he would buy near the bottom of the trading range and wait it out. However, if you are long-term, you could probably own it and it would probably do fine over the next 10 years.

Transportation
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $103.810
Owned: Unknown

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2017-10-31

WAIT
Facebook (FB-Q)

This is part of that group which has been kind of driving the market. The stock has been in an uptrend, but has had normal corrections. From 2017, there have been very few corrections, so it has been relatively un-volatile, which is not healthy. You are going to get some kind of pullback sooner or later. If you do get a 5%-10% pullback, then you buy this.

Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $180.060
Owned: Unknown

Must be logged in to use chart

2017-10-31

TOP PICK
Fairfax Financial (FFH-T)

Has been watching this for a very long time. He likes Prem Watsa and the company, but Prem was doing some goofy things with hedging, etc. and it showed in the stock price. He just bought this and thinks there is a lot more room to go. Prem has got back to the basics of investing, and he thinks this is going right back to the top of its trading range of around $750. (Analysts' price target is $699.16.)

insurance
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $679.410
Owned: Yes

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2017-10-31

COMMENT
Five Below Inc (FIVE-Q)

The lower the volume, the less traders and the less players you have. Technical analysis is about crowd behaviour. When you have a smaller crowd, it is going to be a lower level of predictability. Chart shows this has been a wickedly volatile stock. It was moving in a sideways channel, had some rhythm, but now seems to have broken out. Given that it is a low volume stock, technically the breakout may not be as significant. You need lots and lots of players. So far, this looks good and if you had volume, that would add to this.

specialty stores
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $55.250
Owned: Unknown

Must be logged in to use chart

2017-10-31

DON'T BUY
goeasy (GSY-T)

Chart shows a long consolidation break out in 2016. The last high was around $36. Is the current move going to go above that? It is showing signs of consolidation, and he personally would not buy this. It is very early in a probable consolidation period.

merchandising/lodging
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $31.250
Owned: Unknown

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2017-10-31

WATCH
Hudson Bay Co. (HBC-T)

The chart is showing consolidation. It is finding a lid and is possibly finding a floor. He wouldn't buy this unless it breaks the $12-$13 level. If it breaks out to the upside on some volume, he would be interested. It has stopped going down, so the downtrend is over.

department stores
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $11.270
Owned: Unknown

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2017-10-31

COMMENT
Hershy Foods Corp (HSY-N)

This was trapped in never-never land, but is starting to become a little bit more favourable. The chart is pretty volatile looking. The stock is trying to move up, but in a choppy way. If you want to continue to own this, you have to accept the fact that this can deliver a 15% haircut in a short period.

food processing
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $106.180
Owned: Unknown

Must be logged in to use chart

2017-10-31

COMMENT
Labrador Iron Ore Royalty (LIF-T)

Not a bad looking chart. It had a breakdown in 2014, and since then has had a rounded bottom. There is a pretty defined neckline as well. Somewhere in this range, it is starting to break out. A little early, and looks a little tepid, but if the $20 level can stay supported, it might be a very bullish looking chart.

Financial Services
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $20.880
Owned: Unknown

Must be logged in to use chart
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2 Comments

BeauRegard

March 20th 2015 at 9:57am

You should be honored to be named after one of the 'Glimmer twins' ;>)

Rogor

January 4th 2017 at 11:09pm

This is a really helpful resource. Thank you for putting it together. Nice work!


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