Opinions by Keith Richards | StockChase
1430
Keith Richards

Portfolio Manager

ON STOCKCHASE SINCE May 2009

ValueTrend Wealth Management

1430
Keith Richards

Portfolio Manager

ON STOCKCHASE SINCE May 2009

ValueTrend Wealth Management


Opinions by Keith Richards


Signal Opinion Expert Chart
COMMENT
General Market Comment 

December 1, 2017

Seasonal strength in December We’ve just been through this insane year of non-volatility and constant rise. Typically around this time of the year we tend to get some changing of the guard, from stocks that have been market leaders into some of the under performers in the new year. The Dogs of the Dow theory was created from that. He think the coming year will be more pronounced and that we’re going to see a lot of changing of the guard from some of the high flyers into some of the more ignored sectors.

Seasonal strength in December We’ve just been through this insane year of non-volatility and constant rise. Typically around this time of the year we tend to get some changing of the guard, from stocks that have been market leaders into some of the under performers in the new year. The Dogs of the Dow theory was created from that. He think the coming year will be more pronounced and that we’re going to see a lot of changing of the guard from some of the high flyers into some of the more ignored sectors.

Unknown
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$0.020
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Unknown

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COMMENT
General Market Comment 

December 1, 2017

Tax loss selling at this time of the year They are starting to rotate into some of the underappreciated sectors because he think there’s going to be some real movement into those sectors when tax loss selling stops at the end of the year and that people start moving into underappreciated stocks.

Tax loss selling at this time of the year They are starting to rotate into some of the underappreciated sectors because he think there’s going to be some real movement into those sectors when tax loss selling stops at the end of the year and that people start moving into underappreciated stocks.

Unknown
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$0.020
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Unknown

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COMMENT
General Market Comment 

December 1, 2017

Bitcoin He wrote a blog post earlier this week on his web site about Bitcoin. You can look at how long a stock stays above its 200-day moving average as an indicator of how overbought it is. Bitcoin is almost 3X above its 200-day moving average, that’s when you know you’re in a bubble. It doesn’t mean it can’t keep going for a little while longer, but it can’t continue forever.

Bitcoin He wrote a blog post earlier this week on his web site about Bitcoin. You can look at how long a stock stays above its 200-day moving average as an indicator of how overbought it is. Bitcoin is almost 3X above its 200-day moving average, that’s when you know you’re in a bubble. It doesn’t mean it can’t keep going for a little while longer, but it can’t continue forever.

Unknown
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$0.020
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Unknown

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COMMENT
General Market Comment 

December 1, 2017

Moving allocations outside the US He is not bearish but a little cautious. He thinks a lot of companies in the US are a little bit overbought, particularly the big movers, and that their might be a better opportunities elsewhere. They are adding a little bit more diversification to their portfolio and started buying more Canadian stocks now than they’ve had for many years.

Moving allocations outside the US He is not bearish but a little cautious. He thinks a lot of companies in the US are a little bit overbought, particularly the big movers, and that their might be a better opportunities elsewhere. They are adding a little bit more diversification to their portfolio and started buying more Canadian stocks now than they’ve had for many years.

Unknown
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$0.020
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Unknown

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COMMENT
General Market Comment 

December 1, 2017

General Market We are at the time of the year where the market can be a little more positive. A lot of that slows down in January. He thinks there could be more upside in the next couple weeks with all the Christmas spending and tech things going on, but watch in January for some pullbacks.

General Market We are at the time of the year where the market can be a little more positive. A lot of that slows down in January. He thinks there could be more upside in the next couple weeks with all the Christmas spending and tech things going on, but watch in January for some pullbacks.

Unknown
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$0.020
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Unknown

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COMMENT
General Market Comment 

December 1, 2017

How long do you hold a stock that isn’t moving? Personally he would only buy a stock when it breaks out from its base. Otherwise it could continue going sideways for ever, or go down. He doesn’t mind paying a little bit more as it breaks out of the base. If he has something that’s been trading sideways, he would just wait for the next exit near the top of the trading range and get out.

How long do you hold a stock that isn’t moving? Personally he would only buy a stock when it breaks out from its base. Otherwise it could continue going sideways for ever, or go down. He doesn’t mind paying a little bit more as it breaks out of the base. If he has something that’s been trading sideways, he would just wait for the next exit near the top of the trading range and get out.

Unknown
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$0.020
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Unknown

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DON'T BUY
Alamos Gold Inc(AGI-T) 

December 1, 2017

B2GOLD (BTO-T) vs Alamos Gold (AGI-T) He wouldn't buy neither of the two, but if he had to choose he prefers BTO-T.  BTO-T is forming more of a symmetrical triangle with the bottom going up and the top going down. You can only buy this kind of stock on a breakout to the upside. Eventually it'll break down one side or the other.  AGI-T is in a less favorable trend. The lows are more or less getting lowerish. He would only buy this if it broke out on the upside.

precious metals

B2GOLD (BTO-T) vs Alamos Gold (AGI-T) He wouldn't buy neither of the two, but if he had to choose he prefers BTO-T.  BTO-T is forming more of a symmetrical triangle with the bottom going up and the top going down. You can only buy this kind of stock on a breakout to the upside. Eventually it'll break down one side or the other.  AGI-T is in a less favorable trend. The lows are more or less getting lowerish. He would only buy this if it broke out on the upside.

precious metals
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$8.030
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Unknown

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DON'T BUY
B2Gold Corp.(BTO-T) 

December 1, 2017

B2GOLD (BTO-T) vs Alamos Gold (AGI-T) He wouldn't buy neither of the two, but if he had to choose he prefers BTO-T.  BTO-T is forming more of a symmetrical triangle with the bottom going up and the top going down. You can only buy this kind of stock on a breakout to the upside. Eventually it'll break down one side or the other.  AGI-T is in a less favorable trend. The lows are more or less getting lowerish. He would only buy this if it broke out on the upside.

Golds

B2GOLD (BTO-T) vs Alamos Gold (AGI-T) He wouldn't buy neither of the two, but if he had to choose he prefers BTO-T.  BTO-T is forming more of a symmetrical triangle with the bottom going up and the top going down. You can only buy this kind of stock on a breakout to the upside. Eventually it'll break down one side or the other.  AGI-T is in a less favorable trend. The lows are more or less getting lowerish. He would only buy this if it broke out on the upside.

Golds
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$3.280
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Unknown

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DON'T BUY

Doesn’t know this company. It seems the stock moved up and has formed what is called a descending triangle. It formed a floor and then recently breaked down. From a technical perspective this is not a good thing. It could stop at $1.80, or it could be going down to 0.90$. Unfavorable looking chart.

Transportation

Doesn’t know this company. It seems the stock moved up and has formed what is called a descending triangle. It formed a floor and then recently breaked down. From a technical perspective this is not a good thing. It could stop at $1.80, or it could be going down to 0.90$. Unfavorable looking chart.

Transportation
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$2.120
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No

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BUY

For long term? The rails are great stocks, they go through some difficult periods. It moved up in the later part of 2016 and 2017 and now it's consolidating again. You have to be patient. In the long term, it may possibly be moving back to its long term trend line. You may see that the rails move sideways for a little while. It’s a fine looking chart if you are in for the long term.

Transportation

For long term? The rails are great stocks, they go through some difficult periods. It moved up in the later part of 2016 and 2017 and now it's consolidating again. You have to be patient. In the long term, it may possibly be moving back to its long term trend line. You may see that the rails move sideways for a little while. It’s a fine looking chart if you are in for the long term.

Transportation
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$99.870
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Unknown

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BUY on WEAKNESS

They started buying some Canadian stocks because of companies like this. Great looking chart, maybe a little bit off the trend line. There could be a little pullback, and this could be an excellent buying opportunity if it does in fact have pull back. The Canadian tech sector is a little bit overlooked, and Canadian tech companies are a little less appreciated than their US counterparts.

computer software/processing

They started buying some Canadian stocks because of companies like this. Great looking chart, maybe a little bit off the trend line. There could be a little pullback, and this could be an excellent buying opportunity if it does in fact have pull back. The Canadian tech sector is a little bit overlooked, and Canadian tech companies are a little less appreciated than their US counterparts.

computer software/processing
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$760.220
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Unknown

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HOLD
Descartes(DSG-T) 

December 1, 2017

Downside in case of a correction? It is following an uptrend and testing the trend line. If it breaks the trend line and also the 200-day moving average then it’s a signal to get out. Until then you could probably continue to hold. There would be some support level around $30.

computer software/processing

Downside in case of a correction? It is following an uptrend and testing the trend line. If it breaks the trend line and also the 200-day moving average then it’s a signal to get out. Until then you could probably continue to hold. There would be some support level around $30.

computer software/processing
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$34.680
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Unknown

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HOLD

For an income investor he continues to hold, but on the equity side the trend has been breaking down and he will be selling soon. Not a great stock for growth, but if you like the 4% dividend you should continue to hold.

oil/gas

For an income investor he continues to hold, but on the equity side the trend has been breaking down and he will be selling soon. Not a great stock for growth, but if you like the 4% dividend you should continue to hold.

oil/gas
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$29.840
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Yes

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TOP PICK
FedEx(FDX-N) 

December 1, 2017

Moved up, consolidated, and just moved up again. It crossed the trend line about 2 weeks ago so they bought it and plans to keep it as long as the trend line keeps up. (Analysts’ target:  $240.00)

Transportation

Moved up, consolidated, and just moved up again. It crossed the trend line about 2 weeks ago so they bought it and plans to keep it as long as the trend line keeps up. (Analysts’ target:  $240.00)

Transportation
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$230.840
Owned Owned
Yes

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PAST TOP PICK
Fairfax Financial(FFH-T) 

December 1, 2017

(A Top Pick Oct 31/17, Up 1%) It's been doing very well and thinks that the stock will get into the $750 range. He likes the diversification outside of Canada. It’s an undervalued stocks.

insurance

(A Top Pick Oct 31/17, Up 1%) It's been doing very well and thinks that the stock will get into the $750 range. He likes the diversification outside of Canada. It’s an undervalued stocks.

insurance
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$688.000
Owned Owned
Yes

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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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