This is the last blog for 2010 so I wanted to review a few selections. Overall, in my personal portfolio, I made 35 trades to date of which 27 were successful. I’m still holding some Research in Motion (RIM) which is still under my purchase price but I’ll probably hold into the new year. I can offset purchase price by selling covered calls to pay me while I wait.
While the constant theme recommended most often is a narrow group of financial, telecom, energy, mining & agriculture stocks, I must admit I’m reasonably pleased with the majority of my repeated picks throughout the year.
Top repeated recommendations which did very well since their initial mention include: Agrium (AGU), Agnico Eagle (AEM), BCE, Canadian Natural Resources (CNQ), Cenovus (CVE), Crescent Point Energy (CPG), Potash (POT), Research in Motion (RIM), Teck Resources (TCK.B) & Telus (T).
Other stock recommended rather infrequently but at much lower levels include: Lululemon (LLL), Pengrowth (PGF.UN), Silver Wheaton (SLW), Transcanada (TRP), TSX (X), & Yellow pages (YLO.UN).
Income recommendations including: Preferred shares of Bombardier, Brookfield Properties, Canadian Western Bank, Manulife & Sunlife did extremely well for their category, many increasing over 10% with payouts and share price increase included.
Value Recommendations going forward: It’s early in the season but December to April are usually very strong months for the market. For value picks with strong dividends, take note of Bank of Montreal (BMO), BCE, Royal (RY), Rogers (RCI.B) & Toronto Dominion (TD). Bank of Montreal suffered a 6.06% hit this week owing to a purchase and could be picked up at a good price. Royal (RY) & TD are stellar corporations priced attractively.
Growth Recommendations going forward: Again it’s early in the season to predict but watch the following for price dips: Agrium (AGU), Agnico Eagle (AEM), Canadian Natural Resources (CNQ), Labrador Iron Ore (LIF.UN), Potash (POT), Research in Motion (RIM), Silver Wheaton (SLW), & Teck (TCK.B).
Remember: Trust unit conversion is December 31st – Big opportunities could unfold in the mayhem (?) that follows.
To all my loyal readers and the many associated twitter members that connect to this site, I wish you a happy, healthy and successful new year.
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