DON'T BUY
Bought higher. Can resist temptation to average down. New ones are not as deadly as the double ones. Buy the single longs.
DON'T BUY
Wind farms don't strike him as Suncor as its best. Doesn't think they will ever be profitable. Would rather have them take a look at what they do best and doing it better. Not a big plan of their plays.
DON'T BUY
(Market Minute) Lagged the market.
TOP PICK
Conservative and pick has given a 2% rate of turn. He is here to make money. Down 70% from high. Infrastructure is going to make money and this is a steal.
DON'T BUY
(Market Minute) Disappointed in. They did a disappointing job in their latest acquisitions.
DON'T BUY
(Market Minute) Disappointed in. They did a disappointing job in their latest acquisitions.
TOP PICK
(Preferred A) Structured product. Capital side has bunch of capital upside performance. Maturing upside of 20-30% in 2013. Committed to giving back capital.
TOP PICK
Bonds are still better positions than equities in terms of equities. Run by one of worlds greatest bond managers. Made a lot of money for him, great dividend. Smaller play. 12-20% upside in 24 months
BUY
(Market Minute) A sector that he is really looking at. Happy that when it hits its lows that it has bounced back. Gives him confidence
WAIT
A bigger company. Pretty good run of late. Is not immune to correction. Has a substantial potential for upside.
TRADE
Not going to be an earth-shattering mover. If you are looking to make your money back. You’re not going to be happy. One they get that financial division turned around within a couple of years…They make that stuff for roads and dams that no one else makes. In the next 3-5 years you will see this stock triple.
COMMENT
The August series of options expire this Friday so he was doing some Puts today for expected lower prices. He thinks we are within our trading ranges. We had our lows back in March. We aren’t going to have a collapse. Likes financials.
TOP PICK
It has been quite volatile. Buy now and sell December $19 Call options. Options are quite rich and very liquid. It is an interesting play. Risk is that the stock takes off. You would make your profit but cap your profit.
TOP PICK
Jan $54 call option. Speculative play. If we have a strong turn-around on the economy, these commodity stocks could take another run.
TOP PICK
Dec. $46 Calls. This is a short position on the S&P 500. He is leveraging the leveraged position for a correction, which he thinks is the highest probability over the next 2 or 3 months. He has capped his possible losses.