Comments on: Tech Talk for Wednesday October 21st 2009

By: Fred

Fred — Wed, 21 Oct 2009 20:11:21 +0000

Don, seems to me your answer to Roy, “The key to seasonal investing is to stick with the discipline.” and to Dave, “…keeps you in a trade when temptations to take an early profit are high.” are cut from the same cloth.” Temptation to sell out now is strong with the markets entering a correction.

By: Don Vialoux

Don Vialoux — Wed, 21 Oct 2009 19:23:46 +0000

Hi Roy. Look for lots of ups and downs in VT between now and the end of December (as there have been since August). The key to seasonal investing is to stick with the discipline. That means holding the stock for now until near the end of the period of seasonal strength.

By: Don Vialoux

Don Vialoux — Wed, 21 Oct 2009 19:01:35 +0000

Hi Dave A. Patience is a virtue. Best to wait until the Stochastic sell signal occurs on a closing basis. Also, I look for a downtick price day where price range for the day falls below the previous day’s trading range. A lower close on that day is an extra (confirming) kicker. This strategy may sound conservative because it implies that day of the sell signal could cut into profits, but it also keeps you in a trade when temptations to take an early profit are high. You’re right. It’s not there yet.

By: Marc

Marc — Wed, 21 Oct 2009 18:55:31 +0000

Hey Roy,
check out this link
http://www.stockhouse.com/Columnists/2009/Oct/21/One-of-the-few-undervalued-sectors-in-this-market

picked up some VT at 10.87

By: Roy

Roy — Wed, 21 Oct 2009 17:56:36 +0000

Don – Didnt VT just breakout over 11.20 and isnt this the seasonality for Agri stocks? So why the weakness in this one?

By: Don Vialoux

Don Vialoux — Wed, 21 Oct 2009 17:40:06 +0000

Hi DG. Tech Talk is offering a workshop only. Brooke Thackray will not be there, but his father will be there to sell the books.

By: Don Vialoux

Don Vialoux — Wed, 21 Oct 2009 17:38:22 +0000

Hi Roy. Support for BVF is at $13.50 Cdn. Support for VT is at $9.06 Cdn.

By: HS

HS — Wed, 21 Oct 2009 17:31:26 +0000

Hi Don,

Can you please shed some light on RIM’s outlook in terms of support and resistance in Cnd? I’ve been buying at the $72 and $69 range and was wondering if I should wait longer to take a full position. Much thanks for your time and daily dose of insight.

By: DaveA

DaveA — Wed, 21 Oct 2009 17:25:54 +0000

Hi Don,

I have been following your comments on gold. You mention the seasonality from the end of November to beginning of February. What is the seasonality for gold stocks? Do stocks and bullion follow in step? As I am invested in gold stocks at this point, and for a trade, do you think it more prudent to exit this position and look for a better entry point for gold stocks? It doesn’t look like we are going to get the stochastics sell signal today on a break below the 80% level for gold. Would you wait for this signal to exit a stock position? I note stockastics can stay about the 80% level for an extended period of time.

Thank you, DaveA

By: Roy

Roy — Wed, 21 Oct 2009 16:38:10 +0000

Hi Don
Wheres support for BVF and VT? Thanks