Should not have Enron problems like the CIBC (CM-T) did. They have been focused on the consumer end of the business for a long time. A very profitable area of the market. One of the best banks.

It's tough to buy and hold energy stocks because they tend to be a counter weight on the economy. Has pushed the markets up in a year when the markets haven't done very well. Wouldn't put a big weighting on oils today.

Feels that in the next year, US technology will turn around and give a better performance. This is probably the easiest way to play that. Looking at buying January 2007 $40 call options on the NASDAQ.

Essentially a basket of bank stocks that they own and write covered calls against. Problems that it has run into is that banks have done reasonably well which limits the upside. Premiums are very low, so they are not getting a lot of money. Payout is still intact. A great alternative to a basket of Income Trusts.`

Likes technology to a large extent, but is focusing on the US area and is not as positive on the Cdn.

Stock is at reasonable price now for a long term hold, but not a short term. Likes their strategy of moving more into the consumer space. Should have less volatility moving forward. His strategy is to buy January 2007 $75 call and you'll probably get a bounce and then take your profits real quickly.

(A Top Pick Feb 16/05. Up 28%.) Not as enthused on energy right now. If you own and have had profits, take some of the table.