I realize it is best to do your own research but sure does help to have someone point out an up and comer!
I'll start with Baffinland Iron Mines-BIM-T.
I wouldn't be shorting anything (unless its a pairs trade and using it as a hedge to go long another investment) until you see a break in the trend. The TSX is still in a powerful uptrend and the technical set-up for most stock markets is still up. Plus, there are still oceans of cheap stocks out there.
Less exciting than most (but then if you listen to Warren Buffet the best buys always are), but after a lengthy analysis I just bought into Indigo (IDG). I generally buy for long term.
And from where I'm standing, I don't see how anyone could have possibly thought that this recent rally wasn't going to come an end soon. The fundamentals are still bad, and it has been losing momentum for weeks.
Polygong, I donít know if fundamentals are bad or not (I will let the experts worry about that).
However, what is so surprising about the rally coming to an end? All rallies eventually come to an end. TSE has had a fantastic run for the past few weeks, I think from the bottom it went up around 40%. It would be unrealistic to expect this rally to continue, good fundamentals or bad.
The important thing is to see where it bottoms out. If the bottom this time is higher than the bottom the last time, we may be on to long term recovery. Certainly the top his time was much greater than the last time. I think last time TSE peaked around 9900, this time it was 10600.
Stock market never goes up in a straight line, it is always rally followed by correction. For a long term investor, neither rallies nor corrections matter. A correction may be an opportunity to buy good stocks cheap, but nothing more.
Today's down turn in the DOW was due to the Iran situation. The energy flow excuse again.