Previous Stock Pick Record: Of the 20 stocks recommended in last blog (Dec. 13), 17 were substantially, the 3 Banks selected for longer terms games were flat (RY,TD,NA).
Strong Buys on Weakness Included: Agrium (AGU) recommended Nov 22 ($61.13), Dec 6 ($60.98)and recommended on weakness Dec 13th. It subsequently dropped to $60.24. This week it hit an all time of $72.41 to close @ $70.70. Potash (POT) recommended with same strategy and on same dates @ $122.79 & $122.98, subsequently dropped $112.00 only to rebound to $130.69, closing @ $128.35.
Strong Buys Dec. 13 on Seasonal Influences Included: CNQ ($68.87) topped @ $77.40, closed $74.97; ECA ($30.02) topped @ $36.28, closed $35.98; TLM ($18.10) topped $20.59, closed $20.58; NXY ($23.55) $25.91 & $25.06; SU ($36.29) $39.45 & $38.69. Lastly, TCK.B (Nov 13 $33.48), (Dec 13 $37.46) closed at 52 week high of $41.79. MFC increased from $18.25 to $21.12 closing at $20.58.
NEW RECOMMENDATIONS FOR 2010:
Strong Buys (on a little pullback): Agrium (AGU), Potash (POT), Teck Cominco (TCK.B), Encana (ECA) & Talisman (TLM);
Strong Buys: Canadian Natural Resources (CNQ), Manulife (MFC), & Sunlife (SLF);
Buys: Agnico Eagle (AEM), Barrick Gold (ABX), Goldcorp (G), Iamgold (IMG), Nexen (NXY), Suncor (SU) Bank Montreal (BMO), & Toronto Dominion (TD);
Acumulate: National (NA), Royal (RY);
Accumulate for Dividends: Bell Canada (BCE), Bell Atlantic Units (BA.UN), Husky Energy (HSE), Power Financial (PWF), & TSX Group (X).
Accumulate “Possibly” for dividends in smaller quantities: Arc Energy (AET.UN), Bonavista (BNP.UN), Crescent Point (CPG), Labrador Iron (LIF.UN), Pengrowth (PGF.UN), Penn West (PWT.UN) & Vermillion (VET.UN).
As noted in previous blogs, this is usually a strong season and January is usually a good indicator for the coming year’s future performance. Good luck & buy great companies on pullbacks. Warren
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