Previous Stock Picks include: Agrium (AGU) recommended Nov 22 ($61.13) & Dec 6 ($60.98) hit 52 week high this week of $68.47 to close at $66.40. Also Potash (POT) recommended Nov 22 ($122.79) & Dec 6 ($122.98) high this week of $130.00 to close at $125.99. CNR recommended ($57.10) Nov 15 owing to strong momentum hit a 52 week high this week of $59.14 to close at $57.70.
Precious Metal Stocks Timing & Warning included: Kinross recommended Nov 8 ($20.12), Nov 15 ($20.23) Nov 22 ($20.39) hit $23.47 last week of November to close then at $21.56. I warned last week to watch out for more declines in the Gold Sector. Kinross dropped 5.4% or $1.17 this week. Similar timing strategies and warnings were given for Agnico Eagle (AEM) highly recommended Nov 8 ($62.00) recommended Nov 15 ($63.75), Nov 22 ($65.06) hit $71.50 to close $66.47. Subsequently dropped $1.60. Other gold stocks were recommended only on Nov 22 and followed the same pattern. Barrick (ABX) recommended @ $47.00, hit 52 week high $50.53, and settled @ $45.10 has since dropped $3.20 or 7% ! Similar recommendation patterns occurred for Goldcorp (G) and Yamana (YRI). I also warned of Imagold (IMG) which hit a 52 week high of $21.68 to settle @ $19.24 and then another 9.8% this week !
Financial Stocks: Royal Bank (RY) was recommended owing to long term technical strength throughout the past month to purchase on weakness. This week it dropped to as low as $54.10. I then purchased it in several RSP accounts for $54.48-$54.49 on Wednesday and it closed at $55.29. TD Bank also recommended on weakness dropped to as low as $64.03, I purchased it Thursday @ $65.05, it closed at $65.98.
Energy Stocks: All stocks recommended throughout the past month popped nicely, though have since retreated a small amount. Only Encana (ECA) slightly below price at which it was strongly recommended.
Dividend Paying Stocks: Throughout the past month, all of the repeatedly recommended stocks moved up since original recommendation price including: Husky Energy (HSE) up 4 % this week, Power Financial (PWF) up 6% this week, TSX Group (X) up 3%. Though not a dividend paying stock, Teck Cominco (TCK.B) was listed a strong buy Nov 15 @ $33.48, hit a 52 week high 2 weeks later @ $38.42 and closed this Friday @ $37.46.
Top Picks for 2010: Financials including RY, TD & National Bank (NA) which got hammered after releasing disappointing earnings. The momentum of AGU, POT & CNR can’t be discounted. Watch for any opportunity to get in at lower prices. Gold stocks are looking interesting now since the battering 2 weeks ago, including ABX ($41.90), G ($42.29), & IMG ($17.36). Energy Stock Giants such as CNQ ($68.87), ECA ($30.02), NXY ($23.55), SU ($36.29) & TLM ($18.10) all look perfectly priced for strong gains by the spring of 2010. Imperial Oil (IMO) looks well priced now ($39.15) although it’s a slow mover. Manulife (MFC) appears well priced now although might go down further still before year end owing to tax loss selling. Thanks to the many visitors to this sight for your loyalty and interest. Happy holidays and have a great year end and 2010. Regards, Warren
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