Viterra, Inc. hit a new all-time high last week on absolutely massive volume. This gain of more than 50% occurred after they announced quarterly results and -- more importantly -- mentioned that they have received expressions of interest from other companies looking to buy the company. One reason for the buyout talk is Viterra will profit from upcoming changes to the Canadian Wheat Board. For decades the Canadian Wheat Board had a government regulated monopoly on grain marketing in Western Canada. After a recent (and controversial) political decision, the Wheat Board monopoly will cease to exist as of August 2012. This is a game-changer, and Viterra looks to be well positioned for the new landscape.
Sunday, March 18, 2012
Sunday, January 8, 2012
Poseidon Concepts (TSX: PSN) Innovation, Growth, Dividend
Poseidon Concepts (TSX: PSN.TO) was the top stock on my Priority List stock scan this weekend. This company is a new idea and its stock is printing new highs. The company essentially provides massive above-ground pools to the drilling industry. While that might sound odd, the 8% dividend and recent breakout means it's worth a serious look. Here is a chart and more about the company.
Monday, January 2, 2012
Performance of Asset Classes and Stocks in 2011
The calendar flips to 2012 and we finally say good bye to 2011. There have been many year-end commentaries around the blogosphere highlighting that the S&P 500 was almost exactly unchanged on the year (dshort), and that there were a few stocks that performed exceptionally (stocktradingtogo). I want to look a little wider by presenting a snapshot of how various asset classes performed and delve a little deeper by looking at how individual stocks behind the indexes performed.
Sunday, October 23, 2011
HealthStream (HSTM) Earnings Leak?
The weight of evidence for the US and Canadian markets has improved in the past two weeks, but I still see a bearish bias on the long term. Nevertheless, I continue to watch the markets and maintain my watchlist. This morning I searched the Priority List for stocks moving up on high volume. There were several, including TSCO, PZZI, and SO, but the one that caught my eye was Healthstream, Inc. (NASDAQ: HSTM). It had a huge move on Friday (up 14% on four-times average volume, closing at the session high) combined with the fact that it will be announcing earnings on Monday after the market closes. I'm wondering if news about the company's earnings leaked out early. If so that could set the stage for post-earnings announcement drift (PEAD).
Saturday, October 1, 2011
Becoming a Mature Trader
In essence my goals as a trader are to (i) make money in bull markets, (ii) preserve capital in bear markets, and (iii) live a well-balanced life in all markets. Being able to achieve these goals requires maturity as a trader, which is an ongoing process. I have certainly learned a lot from others in this regard. Therefore, in this post I want to highlight a few quotes and insights that address the process of becoming a mature trader and help one answer the question: "How do I know if I have matured?"
Sunday, September 18, 2011
Dollar Stores at new High, World Markets Fall
The stock market continues to give mixed signals. The past month has been a mean-reversion environment, not a trending one. Using Weinstein's indicators I interpret the weight of evidence as bearish on the long-term (see table below). I remain cautious since I am looking for trends that last a few months or more. The most bearish development last week was the world-market index (ex-USA), VEU, making a new 52-week low. To quote Weinstein:
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