Globe says PDP+ others hurt by tax-loss selling

Globe says PDP+ others hurt by tax-loss selling

2007-12-20 07:49 ET - In the News

The Globe and Mail tries to identify stock that may jump in January in its Thursday, Dec. 20, edition. The Globe's Scott Adams writes in the Number Cruncher column that some stocks get beaten up in December because of tax-loss selling. Mr. Adams considered only companies that trade on the Toronto Stock Exchange with market capitalizations greater than $200-million. He looked for stocks and trusts that were down on the year more than 10 per cent. Mr. Adams said his aim was to pick companies that are overly beaten up by tax-loss selling and that can make a comeback in the new year. Natural resources stocks dominated his list. He says investors with a longer-term horizon and are bullish on commodities prices, should consider picking up some beaten-up stocks. Making it onto Mr. Adams's list are Crystallex International, Petrolifera, Wi-Lan, PineTree Capital, Akita Drilling and C.A. Bancorp.

And This

Globe says Imperial Metals, others seen as value plays

2007-12-19 08:52 ET - In the News

See In the News (C-III) Imperial Metals Corp (2)

The Globe and Mail reports in its Wednesday, Dec. 19, edition that one way to find stocks that are overly beaten up is to look at moving averages. The Globe's Scott Adams writes in the Number Cruncher column that he has identified stocks trading the most below their moving averages. He explains that a moving average is the average price of the stock over a period of time, such as 50 or 200 days. When a stock is trading above a moving average, it can be a sign it is overbought and may pull back. Conversely, if a stock is trading below a moving average, it may be oversold and worthy of a closer look as a value play. Mr. Adams compiled a list of stocks trading significantly below their 50-day moving averages. He only considered companies trading on the Toronto Stock Exchange that had a market capitalization of more than $200-million. His recommended value plays are Skye Resources, Imperial Metals, Corel, Oncothyreon, True Energy and Petrolifera Petroleum.