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Canadian stocks – Top 5 under 5

By StockJock-e | 12.04.2012 | Posted in Canadian Stocks

Under five cents that is.

Canadian resource stocks are the low priced lottery tickets that often see huge runs when ore deposits are hit or take-overs are announced.

Here are our local experts picks of five stocks under five cents.

Mouserman, a long time trader on the Canadian boards had this to say about Westaim Corp (WED)

“…No current business but has irons in the fire, acquisition soon in the new year. Sitting on over .05 in cash, great BOD ”

The Westaim Corporation (Westaim) is Canada-based financial services holding company. The Company is focused on the property and casualty insurance industry. It invests directly and indirectly through acquisitions, joint ventures and other arrangements. The Company holds 100% interests in Jevco Insurance Company (Jevco). Jevco is a Canada-based property and casualty (P&C) insurer that sells P&C products through a distribution network of over 2,000 independent brokers. In December 2011, Jevco acquired and amalgamated with 2266100 Ontario Ltd. and 2266102 Ontario Ltd. In September 2012, Intact Financial Corporation acquired its wholly owned subsidiary, JEVCO Insurance Company. – Reuters.

Canadian stocks – INT on support levels

By StockJock-e | 07.12.2011 | Posted in Canadian Stocks | Tags: , ,

One Canadian stock that has been getting a lot of attention in recent sessions is Intertainment Media Inc (INT:TSX-V). This company’s Ortsbo translation product was getting a lot of coverage thanks to KISS front man, Gene Simmons, who was pitching it. The stock ran from 10c to over $3.50 as the hype machine kicked into gear.

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Markets drop on jobs report

By StockJock-e | 07.08.2011 | Posted in Canadian Stocks, Stock Market Today | Tags: , ,

The Toronto stock market was down along with the S&P 500 on Friday morning as the latest US employment numbers showed weaker than expected numbers for June, bringing the whole soft patch back into the limelight.

The S&P 500 was down 14 points to 1338, Canadian stocks were down for the ride, the S&P/TSX Composite Index approached noon off 42.43 points to 13,355.

Giving some lift to Toronto stocks was the the gold sector as buyers of the yellow metal kept the pressure on for the 4th day in row. Two of the bigger gold names on the TSX, Barrick Gold Corp was up to $44.63 and Goldcorp saw a rise to $48.74.

The Canadian economy remains relatively stronger with 28,000 jobs created last month, the Canadian unemployment rate holding flat at 7.4%.

The big story is the NFP number on the US side, the jobs report showed the U.S. economy created 18,000 jobs in June, a big miss from the 120,000 jobs that a survey of 27 economists had forecast.

Toronto stocks for July 6th

By StockJock-e | 07.06.2011 | Posted in Canadian Stocks | Tags: , , , , ,

The TSX is trading flat to slightly down today as the oil and gas sectors put pressure on the resource heavy  index.

One of the big stories that keeps on giving is Sino Forrest (TRE:TSX) which was down sharply -20% in the morning trade, but has since managed to climb back to the -2% level. The company said it was postponing the tour of its forestry assets, which makes you wonder why it is climbing back up to break even?

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Canadian stocks on the move

By StockJock-e | 06.29.2011 | Posted in Canadian Stocks | Tags: ,

Two of the biggest movers are going in opposite directions. Yellow Media inc (YLO:TSX) has been on a losing streak for a few months, there was a big flush of sellers over the past two sessions as the stock fell 50%  from $3 to just above $2. Today there is a rebound as the stock gapped up on the morning trade, currently +18% to $2.70.

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Paulson capitulates, sells entire stake in Sino Forrest

By StockJock-e | 06.21.2011 | Posted in Canadian Stocks | Tags: , ,

And so the drama comes to and end, in a filing from the company:

The announcement was made public in a regulatory filing for the period ending June 17. The disclosure states that Paulson’s position has fallen from 34,714,300 shares to zero, meaning the company has sold its entire 14.1 per cent stake. The filing does not disclose the date on which the securities were sold, or over how long a period they were sold. However, a few days after Muddy Waters released its report full of allegations against Sino-Forest, the company said in an interview that management had been in touch with John Paulson, who heads the fund, and he said that he continued to hold his position.

This is a complete 180 from his initial response where he came out in defense of Sino Forrest (TRE:TSX), but even the best of them can get fooled some of the time.

Paulson is best known for betting against synthetic collateralized debt obligations (CDOs) during the financial crisis and making his firm $15B in 2007.

 

 

Rival offer for TMX Group

By StockJock-e | 06.15.2011 | Posted in Canadian Stocks | Tags: ,

The bidding wars for the TMX Group are heating up:

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