First recommended at about $12, we recommended a trailing stop earlier but now that we have retraced about 60% we prefer just to sell outright! The stock is breaking its channel and all technical indicators have deteriorated.
Dundee Wealth Management, DW Feb 2010.
First recommended in April of last year at about $6. If you have not sold yet do so now. This one has done exactly what one would have expected. It can , of course, go higher but that is nowhere as certain as what it has done the last year.
TS.B , Torstar, feb 2010
Not sure what this one will do but I was asked the question. Here is my take, these people own the Toronto Star, the paper with by far the highest circulation in Toronto and surrounding area, all others are too capitalist to do home delivery outside the city proper. They also own assets like Harlequin, a lightly sexy romance series aimed at house wives who are still deploring the extinction of the mail man. The main competitor, apart from the Globe and Mail, in the form of the Financial Post , is losing its touch, or at least its readership, and is barely surviving with one leg in the grave. So there is hope for Torstar even if it is not exactly our cup of tee. Here is the chart.
TSO, Tesoro, Feb 2010
Tesoro, Spanish for treasure, is one of those oil companies you might want to look at. It is mostly in the business of refining, much like a chemical plant. I do not claim to understand any part of the business but apparently it used to be that if you took in heavy oil (At a lower price!) and were able to crack it, you would , in a manner of speaking, pocket the difference. Apparently those days are over as too many off-shore competitors can do the same. This has put a crimp on their earnings lately. But, they are down and refining in Texas is not about to end, so perhaps there is upside. Here is the picture.
From 90 to 5 is a pretty good bear market by any measure, but this one has crawled along the bottom suggesting that it may find its composure. Wait for a 60% retracement of the first up leg from say 5 to 18, which is at about 10.50. Buy with a stop at say 8 and wait for $20.
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