Ron Meisels is the founder and president of Phases & Cycles Inc. His focus is on Canadian and U.S. equities.
Stock had a huge decline from $40 to a low of $1 in 2008, built a 2-year base and now it is in an uptrend.
Has been building a base since 2002, just as the other technology stocks. It is on the verge of a major break-out.
Had a major decline from about $130 in 2000 to about $3. Has a huge base and is ready to start another upleg.
Past Picks: May 30, 2011
Total return: +34.30%
Total return: -54.15%
Total return: -22.11%
Total Return Average: -13.98%
The S&P 500 had a 23% rise since late November. It was overdue for a rest. The U.S. market may stay in a narrow trading range through April and early May, before another upleg could occur. On the other hand, the S&P/TSX Index has significantly underperformed during this time (11.5%), due mainly to the underperformance of the financial sector, and may continue to lag unless the energy and material sectors start to improve.
Compiled by Franklin Cameron/BNN Market Call Tonight
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