I
was a guest on BNN’s Market Call last Tuesday August 20 and aside from the top
picks and the viewer call-ins, the guest is also provided with a list of e-mail
questions which are addressed – if – there is a lull in the call-in questions.
There was no lull and so if there is still interest I now serve up my technical
spin on the viewer e-mails. The opinions are mine alone and not that of BNN or
its affiliates - disclosure - I have no ownership to any of the issuers below
E-MAIL
1 Viewer:
Sam Subject: Surge Energy (SGY TSX)
Q:
What do you think of the charts?
A:
Consolidation now following a big pop on volume in May – the P&F shows
resistance ar $7.50 – if we break above that we get another big advance.
E-MAIL
2 Viewer:
Ron Subject: “Inside days”
Q:
You have briefly mentioned "inside days" in your column. To my
knowledge , you are the only analyst who has ever mentioned the use of this
tool. Could you briefly discuss and indicate whether you use other technicals
in parallel.
A:
An inside day is used by traders to time buy and sells. An inside day occurs
when the current day trading range is less than – or smaller than the prior day
trading range – which can be the sign of the end of a short term advance or decline.
E-MAIL
3 Viewer: George in Kitchener,
ON Subject: Trian Wells & Energy (TCW TSX)
Q:
Bill, may we please have your analysis on the energy services sector and
trican?
A: I like the sector but Trican has been a
sector under perform – consider a switch to Precision Drilling or Total Energy
E-MAIL
4 Viewer:
Donald in Edmonton
Subject: DHX Media (DHX TSX)
Q:
It is very good Company with but technically it seems to be breaking down. Does
Bill have any insight into the future prospects for DHX Media?
A:
The short term money flow numbers suggest someone is selling – I would reduce
in here.
E-MAIL
5 Viewer: Denis Subject: Standard Pacific Corp (SPF NYSE)
Q:
I would appreciate if you'll offer some technical analysis regarding the
Standard Pacific Corp. (NYSE:SPF) stock.
A:
The sector was gone through a corrective phase and the P&F looks OK – big support
at $7.00
E-MAIL
6 Viewer: Emma Subject: Wi-Lan (WIN TSX)
Q:
Could I please have Bill’s technical analysis on Wi-LAN.
A: The stock has been a poor relative perform
for over 2-years and the P&F has broken down – and their business model
depends on litigation – run away from this one
E-MAIL
7 Viewer: Eric in Bridgewater, NS
Subject: Neptune Technologies and Bioresources
(NTB TSX)
Q:
Please ask Bill for a buy, sell, or hold; and Why. My cost: about $4.50 per
share. Thank you.
A:
I like the health sciences space – this group is volatile and event driven –
with big gains and big losses – the best strategy is to buy a basket – contact
me directly for a list of suggestions.
E-MAIL
8 Viewer: Khokon Subject: Major Drilling (MDI TSX)
Q:
The canadian drillers appear to be surviving the current market quite
nicely. Is this rotation seasonally
supported? I would appreciate your technical analysis of MDI.TO.
A:
Remember that MDi is not an oilfield service provider but rather in the base metals
space – the stock is down to long term support at $7.00 – if long do not average
down or avoid a buy until the base metals sector turns higher
E-MAIL
9 Viewer: Brian Subject: Canadian Tire Corp (CTC. A TSX)
Q:
Where do you expect the stock price to go over the next 6 to 12 months
A:
The retail space is losing momentum but stocks like CDN Tire, Sears and Loblaw have
had a boost from the REIT spin – typical of a late cycle attempt by management
to boost investor interest – I would avoid the group
E-MAIL
10 Viewer: Lou in Burlington,
ON Subject: Pharma stocks
Q:
What time of the year is the strongest for pharmaceutical stocks? Would you
comment on the technical outlook for iShares S&P Global Healthcare Index
Fund CAD-Hedged
A:
Again I like the health sciences space – now the iShares S&P Global
Healthcare Index Fund (CAD-Hedged) (HXC) is heavy in pharma stocks and light on
biotech stocks – the BMO Equal Weight US Health Care Hedged to CAD Index ETF
(ZUH) may have a little more biotech exposure – see E-MAIL 7
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