no-cover
January 23, 2015
Other

Has Oil Bottomed?

Trading in the first quarter of 2015 will center on oil for good reasons. Not only has oil’s fall created one of the largest tax cuts since Reaganomics, the fallout has far reaching implications across a broad spectrum of industries. Interestingly, at US $105 per barrel, it was obvious to anyone who understood supply and...

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4 years ago
no-cover
November 27, 2014
Other

A Year End Rally?

We have a short week of trading in light of US thanksgiving. Just enough time to position your portfolio for a year-end rally? A year-end pop seems to be the consensus opinion among the largest US hedge funds. Mind you that may be hype or at a minimum wishful thinking. Fact is many large hedge funds have under performed a...

676
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4 years ago
no-cover
June 03, 2014
Other

Re-visitng Past Blogs

In this Blog I occasionally follow up on previous recommendations. Taking some credit where due and blame when trades are not so successful. The idea is to engage in self-examination with the hope that it will make us better traders. I began 2014 with the Blog “New Year Optimism” where I talked about the possibility that...

549
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5 years ago
no-cover
May 20, 2014
Other

Tim Hortons – Value or Growth?

The Company is a Canadian icon. Like Canadian Tire, Hudson’s Bay and even the Timothy Eaton Company once Canada’s premier department store. Despite the familiarity of these brands in Canada there has been little evidence that Canadian brands carry any weight south of the 49th parallel. Canadian Tire being a case in point....

546
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5 years ago
no-cover
April 28, 2014
Other

Sell in May? Or Hedge ’til Labor day!

There is an old adage in the investment industry; “sell in May and go away ‘til labor day.” Not everyone agrees… Warren Buffett for example! Still, enough investors believe in the concept, and when you think about it there is rationale underpinning the theory. Summer holidays can limit liquidity and often there is...

574
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5 years ago
no-cover
March 31, 2014
Other

The Yellen Message!

The markets have been tepid lately as investors watch for signs of an improving US economy, a message telegraphed by Fed Chairman Yellen in her first news conference a couple of weeks ago. If the data come in as Yellen expects – or more importantly as analysts think Yellen will interpret the data – traders may have to...

521
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5 years ago
no-cover
March 10, 2014
Other

Gold: Where’s the Glitter?

For gold aficionados, it has been a rough eighteen months. Even diehard doomsayers who see gold as crisis insurance have been asking; “where’s the glitter”? From my perspective, I have never been a gold buff and have never believed it was reasonable to view gold as portfolio insurance. So, we are left with short-term...

518
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5 years ago
no-cover
February 28, 2014
Other

Blackberry Resuscitated?

It’s not often you see a company rally despite declining earnings, especially a company that is in the process of overhauling its business model! Nonetheless, that that is exactly what is happening with Blackberry under the guidance of recently appointed CEO John Chen. Blackberry continues to fall short on earnings no matter...

566
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5 years ago
no-cover
February 10, 2014
Other

Alpha Generation

Something I have discussed at a number of the Montreal Exchange Option Education Days is the theory that markets are efficient, which is to say the stock market is a pricing mechanism where investors come together to evaluate potential return. You buy shares when you believe them to be undervalued and sell them because you...

538
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5 years ago