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rockie_luke
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Is there any other forums for canadian stocks. I like allstocks but there isn't much information on canadian stocks. I have money in my RRSP to that I would like to use for trading and alot of the US stocks are not allowed in my RRSP. So it would be nice to find more canadian stocks to trade.

I have been watch suncor (SU) and it has been moving up and down alot with the price of oil moving the way it has been. I made some money on this one yesterday. What do you guys think of this stock and do you guys have some others to look at.

I have also made some money on CIC in the past.

Thank You

rookie_luke

Wishing I could retired and just trade stocks.

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northernprophet
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The main forum for Cdn stocks is
www.stockhouse.com
But there lots of scammers, personal attacks, and mentally ill people on that one.
But there are a few smart people.

I have been playing the markets for 20 years, and one thing I learned, is that every sector/index in the market has bull markets, and bear markets.
Ride the bull, don't fight the bear.

This mega-bull market in oil started in the fall of '98 when oil was at $13/barrel and the Economist magazine said it was going to go to $5/barrel. Imperial oil IMO was around $21 back then.
We are starting to finally see an effect of higher oil with decreased SUV sales and the daylight savings time extension legislated by the US congress.

Remember when $35 oil seemed expensive?
The bull market in oil is long in the tooth, in my opinion, and the speculative plays have cracked, and the blue chips are always the last to fall.
Just like in tech, the spec plays crashed in March 2000, but Nortel rode higher until early September.
Also,the last three times Greenspan had a major interest rate rising cycle, we had a financial crash somewhere. This time will be no different.
87 Market crach, 94 Orange County bankruptcy, 2000 tech crash, (2006 real estate? Emerging markets?, China?)

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northernprophet
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There is also
www.hotst***market.com

www.investorshub.com

also yahoofinance has some boards on Cdn Stocks.

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northernprophet
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Regarding Suncor, the first thing I do with any stock is look at a 10-year chart.
It has made quite an up move in the past 2 years.

This is characteristic of the final stages of a bull market. (A parabolic rise on a 10 year chart.)
There are tons of believers in the oil sector, and few cynics left. Characteristic of a top.
Suncor will probably go higher, maybe it will hit $55.
But my opinion is that most oil stocks will be in a bear market soon.

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rockie_luke
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Thank you very much for the information northernprophet.

As for Suncor I have just be swing trading it and making some small profits on it.

Do you have any good canadian stocks I should look at?

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northernprophet
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To rockie_luke:
What price range are you looking at?
Do you play pennies, or just blue chips?

My favorite sector that is just getting creamed right now is palladium stocks.

Palladium is a metal that will soon be in large demand for use in new palladium coated flat-panel TVs and fuel cells, and the Chinese are loving it for jewellery.

Stillwater Mining, (SWC nyse) is a great buy here at around $8.30, it is making a sharp downturn from $12.00 early in the year. It has one mine in Montana. It is 51% owned by Norlisk of Russia.

North American Palladium (PDL toronto, PAL AMEX) is another palladium stock with a mine in Ontario.

Both stocks hit highs in early 2004, and have been consolidating ever since.
Also, palladium tends to move with the $US, and rates will continue to go up, so the US dollar should rise.

My favorite junior in the sector is Beartooth Platinum which is making a long term bottom.
(BTP Canada 10cents)
They own land surrounding Stillwater Mining's properties in Montana.
Beartooth Platinum is my favorite long term chart in the junior mining sector.
Huge volume in Feb/March. Every house on the street was picking up blocks of 100,000 shares.

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northernprophet
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Feb. 18 2005
DENVER -- Stillwater Mining Co. (SWC) expects a price-driven shift from the use of platinum to palladium this year, as the two metals are often interchangeable and there is a large price gap between them, the company's chief executive said Monday.
There is currently about $685 an ounce difference between the two metals, with platinum fetching about $865 an ounce and palladium about $180 an ounce, Stillwater Chief Executive Frank McAllister told the BMO Nesbitt Burns Global Resources Conference in Tampa, Fla., which was broadcast over the Internet.

"We predict demand for palladium will increase and could increase dramatically," McAllister said.

Stillwater, Billings, Mont., is the only primary producer of palladium in the Western hemisphere.

Stillwater also produces platinum but, betting that platinum prices would weaken, the company last year hedged about half of its platinum production through September 2006.

The company expects to post record revenue in 2004, McAllister said, but noted Stillwater hasn't released its fourth-quarter earnings yet so he couldn't provide specific numbers.

Palladium prices averaged about $230 an ounce last year, down from historical highs of around $1,090 an ounce in 2001, Stillwater Chief Executive McAllister said.

New technology demand and palladium substitution for platinum, especially by auto makers, should soon reverse palladium's slide, he said.

The auto industry is the biggest consumer of palladium - comprising about 51% of global demand. Auto makers use the metal in the production of catalytic converters.

But the jewelry sector showed the biggest increase in palladium demand in 2004, up about 196% from 2003, McAllister said.

More jewelry makers, especially in China, are using palladium instead of platinum and white gold in some cases because it is less expensive and easier to work with, he said.

Palladium is also non-allergenic, lighter and melts at a lower temperature than platinum, he said.

New uses for palladium that should also increase demand for the metal in the future, McAllister said, include use in fuel-cell and hydrogen technologies and in the display systems for large flat-panel TVs.

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northernprophet
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www.napalladium.com

www.stillwatermining.com

www.beartoothplatinum.com

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rockie_luke
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As for Suncor I did it base on the intra-day candlestick charts. if it gaps up in the morning I find that it usually comes back to the gap (support) and then bounces. So I picked up the shares at support and then sell latter in the day after the bounce so I don't really have a specific price range. It depends on the day and I only hold it for the day. To risky with oil changing so much to hold longer.

As you see by my name I am new at this so I have allot to learn. But I have been doing well by taking small profits. I made some money on CIC last summer when it was down between 2 and 3 dollars. Now it is up over $5 and the other day I did a day trade when it gap up and then came back to support. I pick up some and sold them later in the day. I think CIC is a very good company and now I wish I had of held on to my stocks in CIC that I pickup in the $2 - $3 dollars range. But that is trading. I could have made allot more money on CIC but I hestitated and miss out on some trades because I was not confident yet.

CIC is a software security company and that is becoming more and more important. They have made some sales to the US government and a few other large companies so I think it is a good company long term. But I like to swing trade. I think once I get good at it I will be able to make allot more money then Investment trades (long term holds).

I have now read 3 of the 4 books suggest in another thread and I have more confidences now. I and reading the 4th book now.

Thanks for all the information. I wish there was more canadian traders on this board.

How long have you been trading?

Thank you

rookie_luke

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northernprophet
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I have been playing the market for almost 20 years.
When I started, the way you followed your stocks was by buying the newspaper the next morning and going to the business section.
There was no internet, and discount brokers were just getting started.

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