Thursday, January 18, 2007

RIM-ed out

It was a nice ride, but Research in Motion Ltd. (TSX:RIM,NASDAQ:RIMM) has hit the Stock Trends Portfolio sell trigger, closing below its stop loss ($150.41 stop). Volatility this week has taken the fun out of this holding. Closing today at $142.67, investors are concerned about the shifting landscape for the company as Apple Inc. (NASDAQ:AAPL) bids for a consumer telecommunications presence. Word of falling Blackberry prices tip squeezed margins going forward. Whatever the case, stock price volatility and diminishing price momentum has served up the exit door for RIM. The stock holding had its beginnings on September 21 at $97.50, so the return has been satisfactory.

Tuesday, January 16, 2007

Agriculture chemical stocks fertile

Amid the drop in crude oil prices and the inevitable strain on energy stocks, the market has found good reason to be bullish on the global agriculture economy. Agriculture chemical stocks, in particular, have been especially bullish through the end of 2006...and have piled on even more gains in the new year. Agrium Inc. (TSX:AGU, NYSE:AGU) scaled $40 today reaching another new high. Monsato Co. (NYSE:MON) added another 5% to eclipse its 52-week high. Also hitting new highs were Terra Industries (NYSE:TRA), Bunge Ltd. (NYSE:BG), Dupont (NYSE:DD), and Hanfeng Evergreen Inc. (TSX:HF).

HF was a Stock Trends Pick of the Week and TSX Portfolio buy a year ago at $3.09, although the trade was stopped out on volatility in the spring ($3.70). HF has remained a ST Bullish stock and today's move to a new high of $5.15 promises further advances.

Stock Trends Report - TSX:HF:

Monday, January 15, 2007

Resverlogix surges again

Stock Trends followers will remember Resverlogix Corp. (TSX:RVX) as a Pick of the Week stock on November 23. It rallied that week on high volume, closing at $8.19. The biotech breakout was first revealed last autumn as a number of pharmaceutical stocks hit the Stock Trends alerts. RVX surged almost 15% today to close at $17.88.

Stock Trends Report: