PAST TOP PICK
(Top Pick May 25/10, Down 0.58%) Concerns about what management team was doing. He was not happy about their core business. If they sold off non-core assets he things they would do much better.
PAST TOP PICK
(Top Pick May 25/10, Down 16.04%) Sold a few months ago. A good company, looks obscenely cheap. Lots of negative sentiment around about the company. Will not think of shorting it.
PAST TOP PICK
(Top Pick Jun 8/10, Up 23%)
BUY
Prefers to ZXB because of shorter maturity dates.
BUY
Nothing wrong with that product. Just a question of how many asset classes you want to be in.
HOLD
Oil prices went down. Nothing wrong with XEG. It is diversified, but you go down with the sectors. Just wait it out.
N/A
Market: These are more than summer doldrums. There is some kind of correction going on here. Everyone is negative on the US economy because of the debt and the lack of will politically to do anything. You can buy put options; buy inverse ETFs for a week. You need a portfolio with a sufficient number of bonds.
BUY
Likes the REIT sector. If you are a beginning investor, you would want to look at something broader based, but this is ok. Has more of Riocan than the BMO product.
COMMENT
Pleased that vanguard is coming to Canada. They are huge – a battle between them and Fidelity. Unit holders are the owners of the company. Will be a very welcome addition to Canada.
DON'T BUY
Deep in the money options: Instead of buying the stock. There is not much leverage.
HOLD
Canadian Banks: You could do an insurance put. Be patient and wait for them to come back. Doesn’t do anything with the US banks.
COMMENT
Covered calls return is based on volatility of the underlying stock. You can’t rely on the 10% dividend because it varies with the volatility from time to time. Do not believe the quoted yield.
COMMENT
Not sure there is seasonality to it. Also uses COW-T. Rising food prices are positive for it but there may be some downside short term. MOO is in US$, COW is not hedged. It’s basically feeds and seeds.
COMMENT
Naked Put option price. How is price affected in the event of a one-time dividend? The options clearing corporation will adjust the strike price.
TOP PICK
(Top Pick Jun 8/10, Up 13% total return) A core holding. This is what you buy if you want something for the long term.