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How long do you hold a stock that isn’t moving? Personally he would only buy a stock when it breaks out from its base. Otherwise it could continue going sideways for ever, or go down. He doesn’t mind paying a little bit more as it breaks out of the base. If he has something that’s been trading sideways, he would just wait for the next exit near the top of the trading range and get out.
He likes it. There was a little pull back but not that much. Google tends to go sideways for a period of time, and then it breaks out and moves up again. It’s probably due for one of those period of consolidation, and then it could break up and move up again. For a long term buy and hold investor you’re probably good to go.
They are moving into oil gradually and expect to add another 5% in their equity platform in energy, but they haven’t been buying the drillers because they don’t look like the rest of the oil stocks. On the technical side it looks like there was support on the 2016 lows and kind of looks like this is breaking. The downtrend is still in place and it hasn’t slowed or broken out. That’s not the kind of profile he personally looks for. There is always room for short term movement, but he wants the stock to prove itself, and he doesn’t see any of the drillers proving themselves.
He doesn’t know this company. The stock had fairly low volatility and is moving up, and it’s now moving into a pattern of regular sell-off and that's usually healthy. He doesn’t know how much lower it could go. He would suggest that as the stock gets around 5% off of his 200-day moving average, would be when you get into the time when you can see if the stock is going to maintain an up trend. If you get to a point where the stock stops falling and starts to reverse, then it might be a good point to buy it.
Doesn’t know this company. It seems the stock moved up and has formed what is called a descending triangle. It formed a floor and then recently breaked down. From a technical perspective this is not a good thing. It could stop at $1.80, or it could be going down to 0.90$. Unfavorable looking chart.
Great story but it's forming a base right now, there is nothing wrong with that, but he likes to buy on breakout, but depending on your style, you can buy at the bottom of the base. He would never buy at the top of the base since it hasn’t proven breakout yet. It’s not bad, buy at a breakout or buy at the bottom of the base if you are patient.
B2GOLD (BTO-T) vs Alamos Gold (AGI-T) He wouldn't buy neither of the two, but if he had to choose he prefers BTO-T. BTO-T is forming more of a symmetrical triangle with the bottom going up and the top going down. You can only buy this kind of stock on a breakout to the upside. Eventually it'll break down one side or the other. AGI-T is in a less favorable trend. The lows are more or less getting lowerish. He would only buy this if it broke out on the upside.
B2GOLD (BTO-T) vs Alamos Gold (AGI-T) He wouldn't buy neither of the two, but if he had to choose he prefers BTO-T. BTO-T is forming more of a symmetrical triangle with the bottom going up and the top going down. You can only buy this kind of stock on a breakout to the upside. Eventually it'll break down one side or the other. AGI-T is in a less favorable trend. The lows are more or less getting lowerish. He would only buy this if it broke out on the upside.
Recently sold. It had a dip and struggling to get back up. The chart is a bit hard to interpret as it looks like it could be a choppy ride and could possibly range between about $30 -20. If you own the stock and happy with the dividend so long it doesn’t reach $20, you should be OK. Dividend 3.4%.
For long term? The rails are great stocks, they go through some difficult periods. It moved up in the later part of 2016 and 2017 and now it's consolidating again. You have to be patient. In the long term, it may possibly be moving back to its long term trend line. You may see that the rails move sideways for a little while. It’s a fine looking chart if you are in for the long term.
