Opportunistic Investments for Active Portfolio Management

March 4, 2014

 

This is for those CLIENTS who have (or want to have) a percentage of their portfolio managed in a more ACTIVE way (approximately 10-20%)

 

Some of these suggestions could be SHORT TERM in nature while others could be closer to BUY AND HOLD (but probably not forever).

 

Let’s start with something familiar…Bank of Nova Scotia.  The bank has been in a downtrend since July of 2014.  As you can see by the chart the highs have been lower and lows have been lower.  The stock recently moved towards resistance (the red dashed line) and then moved lower once again.  I suggested buying the stock as a TRADE in the $62 range but no one participated.  At this time I would not suggest buying until it falls to the $60-62 range (bearish) or blast above the $68-70 range, breaking the current downtrend.

 

SUGGESTION:  put bid in to buy at the 60-62 range

 

 

 

 

Since we are a ‘resource’ nation the next stock is SILVER WHEATON.  As you can see by the chart below the stock has been in a trading range since early 2013.  Yesterday the stock was hit as the company issued new stock at a lower price to finance an acquisition.  The stock was at the top of the TRADING RANGE before the deal was announced. 

 

SUGGESTION: ½ weight now and ½ weight again if stock falls or breaks above trading range ($30)

 

 

 

The next stock created a lot of chatter when it launched last year BUT has since pulled back to its issue price. The price fell to $80 but has rallied at time of writing by about 4%.

The SIGNATURE TEAM @ CI holds this stock and they very much believe in the story. 

 

SUGGESTION:  nibble for now BUT become more excited if pricing moves above the $92 level

 

 

 

The views expressed do not necessarily reflect the opinion of Argosy Securities Inc. This does not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors. Please consult a professional before making an investment decision.

 

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