HOLD
This one has been trying to rally but, like most energy stocks, took a whack in the last few months. There is still a series of higher lows, so it is improving. Above its resistance level.
COMMENT
This had a reverse split of 4 to 1, which doesn’t change anything technically. This is not a “Buy and Hold” stock. You must trade it. Would not stay in it for longer than a week. This is a bad time of year for natural gas.
HOLD
In the last quarter, oil services sector has become extremely unpopular. He feels the worst is over for this one and it is into some kind of bottoming process. Chart shows a 5 wave down, which is an extreme bear. Has big-time support at around $38. If it went to $37,
HOLD
This one has been slaughtered but is currently into major support. When you start to see buying in the sector, he feels the worst is over.
PAST TOP PICK
(A Top Pick Sept 30/11. Up 35.26%.)
PAST TOP PICK
(A Top Pick Sept 30/11. Up 26.38%.) Still thinks it goes much higher.
PAST TOP PICK
(A Top Pick Sept 30/11. Up 5.02%.) Feels the worst is over and we should see better times.
BUY
This one is quite a trader. Goes down to $4 and then tries to work back up to $6. It is now at the bottom of the trading range. This would be an excellent place to acquire it. This one also fits in with the global recovery, industrial boom that he thinks is coming.
HOLD
It's had quite a correction but is now back to support. Thinks it stays here. Point and figure chart shows the uptrend has not been violated.
HOLD
The trend on this one is higher. In a lot of support on his point and figure charts. If it gets back above $80, it will work higher and maybe make new highs.
BUY
This is really starting to get going. It is just above the 50 day and 200 day moving averages. Expects the rally to continue. A little bit of resistance at around $25 but not much.
BUY
There are only a handful of miners on the TSX and they are gradually, probably going to disappear. If you are positive like him you should have some exposure in this area. It has bottom and is now starting to turn up.
DON'T BUY
Feels good about the gold sector and thinks it is going to rally. When looking at a gold stock, try to look at it relative to its peers. Thinks the worst is over and this will rally but try to find something that is a little bit stronger.
BUY
Has had an almost perfect three-way correction in 2011. Thinks it works higher. Sector looks good.
COMMENT
Tremendous support at $4.50. It is below the 40 and 50 day moving averages but he would be surprised if it were below its current price. If it starts to post a weekly low below $4 and you own, reduce your holdings.