Opinions by Elliot Fishman | StockChase
115
Elliot Fishman

Director

ON STOCKCHASE SINCE Dec 2015

US & International Equity Trading Portfolio Adviso

115
Elliot Fishman

Director

ON STOCKCHASE SINCE Dec 2015

US & International Equity Trading Portfolio Adviso


Opinions by Elliot Fishman


Signal Opinion Expert Chart
N/A
General Market Comment 

January 3, 2017

Market. He’s been in the Dow 20,000 camp for quite a few months. Technically, this is only important once we touch it, and then we can move on from there. Right now it’s a technical issue, a resistance point, because it’s a psychological number and we are having trouble getting through it. Once we get through it, he might be more interested in it. We have moved awfully fast in a meteoritic rise to almost 20,000 from 17,000, and it’s just too much too soon. To have a year’s moves in multiple months, it is time to take a win. Stocks just don’t move this way in one direction for very long. The move we’ve had now, has been too much, so we have to come off a little, consolidate, and confirm that we are ready to stay at these levels. The next move through 20,000 will be more dramatic. This current run looks like it is losing steam. The support level for the Dow is at 18,500, so far off from where we are now, because it has gapped up so quickly. The S&P is the same, 100 points higher than we need to be without testing a support level.

Market. He’s been in the Dow 20,000 camp for quite a few months. Technically, this is only important once we touch it, and then we can move on from there. Right now it’s a technical issue, a resistance point, because it’s a psychological number and we are having trouble getting through it. Once we get through it, he might be more interested in it. We have moved awfully fast in a meteoritic rise to almost 20,000 from 17,000, and it’s just too much too soon. To have a year’s moves in multiple months, it is time to take a win. Stocks just don’t move this way in one direction for very long. The move we’ve had now, has been too much, so we have to come off a little, consolidate, and confirm that we are ready to stay at these levels. The next move through 20,000 will be more dramatic. This current run looks like it is losing steam. The support level for the Dow is at 18,500, so far off from where we are now, because it has gapped up so quickly. The S&P is the same, 100 points higher than we need to be without testing a support level.

Unknown
Elliot Fishman

Director, US & International E...

PricePrice
$0.020
Owned Owned
_N/A

Must be logged in to use chart
COMMENT

The market is so hot, and these stocks have all reaped the benefits of a hot market. If you are a buyer and you want to make a trade, you are playing with fire at these kinds of levels. There is nothing technically that would tell you to Sell. However, volumes are very flat, and the stock is just chugging along while the market is very hot. Be careful.

food stores

The market is so hot, and these stocks have all reaped the benefits of a hot market. If you are a buyer and you want to make a trade, you are playing with fire at these kinds of levels. There is nothing technically that would tell you to Sell. However, volumes are very flat, and the stock is just chugging along while the market is very hot. Be careful.

food stores
Elliot Fishman

Director, US & International E...

PricePrice
$60.750
Owned Owned
Unknown

Must be logged in to use chart
COMMENT
BCE Inc.(BCE-T) 

January 3, 2017

This is currently at super high levels. If he were buying this, it would be for a trade. He would need to see this get back a little bit higher before he would care. If you are holding it for dividends, that’s great, don’t sell it. If you are holding it for a trade, it has some work to do at current levels, which are high.

telephone utilities

This is currently at super high levels. If he were buying this, it would be for a trade. He would need to see this get back a little bit higher before he would care. If you are holding it for dividends, that’s great, don’t sell it. If you are holding it for a trade, it has some work to do at current levels, which are high.

telephone utilities
Elliot Fishman

Director, US & International E...

PricePrice
$58.430
Owned Owned
Unknown

Must be logged in to use chart
BUY

He likes the volume that it has had in 2016, and he would be a buyer. The stock looks like it has bottomed out. It looks like it has found a bottom and the volumes are back.

Mining

He likes the volume that it has had in 2016, and he would be a buyer. The stock looks like it has bottomed out. It looks like it has found a bottom and the volumes are back.

Mining
Elliot Fishman

Director, US & International E...

PricePrice
$8.610
Owned Owned
Unknown

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HOLD

The stock looks good but volumes are stagnant. The stock has been a steady gainer. He would have no problems holding it.

Financial Services

The stock looks good but volumes are stagnant. The stock has been a steady gainer. He would have no problems holding it.

Financial Services
Elliot Fishman

Director, US & International E...

PricePrice
$11.350
Owned Owned
Unknown

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COMMENT

At over $100 a share, this is ripe to split.

banks

At over $100 a share, this is ripe to split.

banks
Elliot Fishman

Director, US & International E...

PricePrice
$110.840
Owned Owned
Unknown

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COMMENT
CRH Medical Corp.(CRH-T) 

January 3, 2017

Technically, this looks fantastic. On any medical type stocks, you go with the wave. Right now the wave is up, and if he had to Buy or Sell it, he would buy.

biotechnology/pharmaceutical

Technically, this looks fantastic. On any medical type stocks, you go with the wave. Right now the wave is up, and if he had to Buy or Sell it, he would buy.

biotechnology/pharmaceutical
Elliot Fishman

Director, US & International E...

PricePrice
$7.250
Owned Owned
Unknown

Must be logged in to use chart
COMMENT

This would be reward time for him. Stocks don’t behave this way. A good name and a good company, but anything with bank or financial, has had about a year’s move in 2 months.

banks

This would be reward time for him. Stocks don’t behave this way. A good name and a good company, but anything with bank or financial, has had about a year’s move in 2 months.

banks
Elliot Fishman

Director, US & International E...

PricePrice
$30.740
Owned Owned
Unknown

Must be logged in to use chart
COMMENT
Dollarama Inc.(DOL-T) 

January 3, 2017

Technically there is nothing he can say to Sell it, with the exception of common sense. The run is too big unless it is going to split. He likes the sector. This one is very, very rich.

Consumer Products

Technically there is nothing he can say to Sell it, with the exception of common sense. The run is too big unless it is going to split. He likes the sector. This one is very, very rich.

Consumer Products
Elliot Fishman

Director, US & International E...

PricePrice
$98.820
Owned Owned
Unknown

Must be logged in to use chart
PAST TOP PICK
eBay Inc(EBAY-Q) 

January 3, 2017

(A Top Pick June 1/16. Up 23.97%.) At that time, this stock was in an oversold situation. A good name. Every time it gets into the low $20 or the mid-$20, he would be a buyer.

specialty stores

(A Top Pick June 1/16. Up 23.97%.) At that time, this stock was in an oversold situation. A good name. Every time it gets into the low $20 or the mid-$20, he would be a buyer.

specialty stores
Elliot Fishman

Director, US & International E...

PricePrice
$29.840
Owned Owned
No

Must be logged in to use chart
HOLD

This designs, manufactures and markets video/audio infrastructure equipment for the entertainment industry. This stock is doing quite well, and it’s at a spot where if you didn’t sell it originally, you might get another shot. He would be very cautious if it got back up to the high $18 again. The volumes aren’t telling him anything, and the stock has bounced off its last selloff and is now bouncing back up again. We’ll probably get one more run at the $18 level, and he would think about exiting.

electrical/electronic

This designs, manufactures and markets video/audio infrastructure equipment for the entertainment industry. This stock is doing quite well, and it’s at a spot where if you didn’t sell it originally, you might get another shot. He would be very cautious if it got back up to the high $18 again. The volumes aren’t telling him anything, and the stock has bounced off its last selloff and is now bouncing back up again. We’ll probably get one more run at the $18 level, and he would think about exiting.

electrical/electronic
Elliot Fishman

Director, US & International E...

PricePrice
$16.730
Owned Owned
Unknown

Must be logged in to use chart
BUY

About a year ago, he was a big fan of this. This is a stock that was trying to find its own way. It didn’t know what it wanted to be. Right now this is a stock that you need to own. It looks great.

non-base metal mining

About a year ago, he was a big fan of this. This is a stock that was trying to find its own way. It didn’t know what it wanted to be. Right now this is a stock that you need to own. It looks great.

non-base metal mining
Elliot Fishman

Director, US & International E...

PricePrice
$13.780
Owned Owned
Unknown

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PARTIAL SELL
Fortis Inc.(FTS-T) 

January 3, 2017

This looks like it has plateaued. He wouldn’t add new positions, but if he owned, he would take some off the table.

electrical utilities

This looks like it has plateaued. He wouldn’t add new positions, but if he owned, he would take some off the table.

electrical utilities
Elliot Fishman

Director, US & International E...

PricePrice
$41.150
Owned Owned
Unknown

Must be logged in to use chart
PAST TOP PICK
SPDR Gold ETF(GLD-N) 

January 3, 2017

(A Top Pick June 1/16. Down 4.71%.) President elect Trump is behind this. Gold was having a great run. He believed it was going to try $1600 when it was trading at $1280. He likes gold in here, because he thinks the markets are going to cool off a little, and the oversold gold sector might have a nice little pull back up again.

investment companies/funds

(A Top Pick June 1/16. Down 4.71%.) President elect Trump is behind this. Gold was having a great run. He believed it was going to try $1600 when it was trading at $1280. He likes gold in here, because he thinks the markets are going to cool off a little, and the oversold gold sector might have a nice little pull back up again.

investment companies/funds
Elliot Fishman

Director, US & International E...

PricePrice
$110.470
Owned Owned
No

Must be logged in to use chart
COMMENT
Hudbay Minerals Inc.(HBM-T) 

January 3, 2017

This is surprisingly hanging in for a lot of the minerals/golds, things that have come off. He likes this. It still has a little room before it gets to where it has any kind of thing. He thinks it can move higher. He would be a momentum guy on this.

precious metals

This is surprisingly hanging in for a lot of the minerals/golds, things that have come off. He likes this. It still has a little room before it gets to where it has any kind of thing. He thinks it can move higher. He would be a momentum guy on this.

precious metals
Elliot Fishman

Director, US & International E...

PricePrice
$7.990
Owned Owned
Unknown

Must be logged in to use chart
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