What's the one stock pick you will make this year?

[theycallmebruce]

If you were to pick just one stock this year, what would it be?
My stock pick is Ithaca Energy. I bought it at $2.70 in my TFSA.
Hoping for it to double.

 

[rhuarc29]

I put a hefty sum into First Bancorp (FBP) when it was going for $4.99 on Jan. 10 (after the reverse stock split sent it plummeting). In the few days since then it has risen nearly 50%.

 

[hinz]

Aecon Group (ARE) if you believe every dog has its day.

Otherwise, NYX could be interesting.

 

[pro123]

My play of the year is Citi, specifically the Jan2012 5.00 calls. At a min. I think that Citi gets to 6.00 a share by the end of the year leaving me with a 54% rate of return with a possible home run if the stock gets to what I think is possible which is 9 to 12.

A few things work in Citi's favor here.

1) widening margins on interest rates on loans will generate more revenue

2) a recovery seems to be underway in the US which means more willingness for Citi to lend

3) at above 5.00 a share Citi is a stock that can be held by money managers from pension funds to mutual funds increasing demand for the stock

I view this as a reasonable risk with great potential reward and currently hold 140 contracts.


kf1

I totally agreed! I got 40% of my Porfolio in CITI group as well. With our $ getting stronger, it makes Citi Grp one of the best buy. I think it will go up to $6.00 by March.

 

[MzzKarly]

Win-Lan

Hands Down !!! Lately this stock is rising extremely fast & furious.

I got in at 1.82 and now it's well over 6. They have all the rights & patents for the V-Chip (parental controls) . Check out their price history and you can thank me later. *wink*

 

[big dogie]

I totally agreed! I got 40% of my Porfolio in CITI group as well. With our $ getting stronger, it makes Citi Grp one of the best buy. I think it will go up to $6.00 by March.

You have 40% of you portfolio? That is so crazy, I love C but not more then 3-4%

b d

 

[gretz9966]

I totally agreed! I got 40% of my Porfolio in CITI group as well. With our $ getting stronger, it makes Citi Grp one of the best buy. I think it will go up to $6.00 by March.

That's if it doesn't do a reverse stock split. What then?

 

[pro123]

You have 40% of you portfolio? That is so crazy, I love C but not more then 3-4%

b d

Yep! I bought it at $4.50 range, I wish it was sooner so I could retire sooner. So far, my picks are doing well except Canada Lithium when I bought it at $1.98. It went up to $2.26 and went back down. I am still holding about 6000 shares as no principal changes. I bought Sprott (SII) at $7.30 and wished I had more of those at that price range but I bought more at $9.45 aiming for $11.00 by April, 2011. I sold POT so early at $145 but you never know with that one. I think Citi group and BAC is under priced at this moment.

 

[JohnLarue]

You have 40% of you portfolio? That is so crazy, I love C but not more then 3-4%

b d

Having such a large % of a portfolio is asking for trouble.
It might work this time, but at some point this guy will get burnt and badly if he continues to overweight single positions.
It is only a matter of time, even if he is correct in his predictions more often than his is incorrect.
The incorrect guess (and it will happen) will wipe out a lot of money

 

[nottyboi]

Yep! I bought it at $4.50 range, I wish it was sooner so I could retire sooner. So far, my picks are doing well except Canada Lithium when I bought it at $1.98. It went up to $2.26 and went back down. I am still holding about 6000 shares as no principal changes. I bought Sprott (SII) at $7.30 and wished I had more of those at that price range but I bought more at $9.45 aiming for $11.00 by April, 2011. I sold POT so early at $145 but you never know with that one. I think Citi group and BAC is under priced at this moment.

Potash is in a mania now, there is no way Potash prices can justify the stock price. Anything to do with Potash is flying due to the BHP situation. But more Potash is coming on the market from other sources as well. Potash is valuable.. but I think valuation is insane now.

 

[Cruzer22]

I was thinking of investing in Knightsbridge Tankers Limited (NASDAQ:VLCCF) because the dividend yields are high. Just not sure about the price of crude.

 

[boogiewoogie]

i play the juniors. but for bigger stocks. i'm playing the rise in smartphones and tablets.
ovti - omnivision
they have the largest marketshare and technology lead in cameras for the products. you are about to see front and back cameras on all smartphones and tablets. as well as more tv's being built with cameras as well. last year one tablet existed. this year, 96 new tablets were debuted at ces last week in vegas.
sndk - sandisk
pure flash memory company. flash will be used for its low power consumption in smartphones already. the tablet market will be all flash based, which didn't exist before. and the third thing will be the beginning of cloud computing. massive data centres are being built, apples should be ready soon. the data centres will be flash storage as its more reliable than hard drivs and low energy consumption. thus saving a company money in the long run on power use, making it more worthwhile than using a hard drive which is cheaper at the beginning. its the beginning of massive growth for these guys.

 

[Stockboy]

Usually, junior resource stocks are the place to go if you are looking for the big score. Can be dangerous though. Pump and dump all over the place.

 

[hinz]

Why wouldn't you look at leap like the 5.00 Jan/12 call on Citi ... a little less risk much bigger potential for a big score???

kf1

LMAO. I sold some of that sucker right after the following became a sensation,

BTW, Citi was back then on the way to ruins when the Prince known as Chuck ran the show before a high priest to whom some called "Bandit" took over.

Regrettably I did not sell all of this sucker, which resulted to capital loss after I liquidated my position on Citi in early 2008.

Moral of the story? Always take all of the money off the table when there is a risk of capital loss! On the flip side, always take some of the money off the table when you have a substantial capital gain.

 

[elassowipo1]

My top long positions at the moment:

1. Apple (AAPL) - Have had this position for several years. Haven't added to this one lately but I'm letting it run. Not cheap in absolute terms but reasonable relative to growth. A play on increasing smartphone penetration rates worldwide. Growth in earnings likely to offset any reduction in gross margin, concerns largely priced in already.

2. Citigroup (C) - Has been marking down and selling off Citicorp assets aggressively. Treasury has exited its common stock position which had been an overhang on the company. Most extensive international presence among major US banks. Well positioned to meet new Basel requirements. Will be in a position to return capital to shareholders via buyback or reinstatement of dividend by 2012. A levered beta play with favorable upside/downside.

3. Transocean (RIG) - Initiated position after Gulf oil spill. Believed that share price decline had priced in a huge liability cost which I felt was an unlikely after analyzing the contract with BP. Also acts as a levered play on crude prices.

4. Visteon (VC) - Started a position after it emerged from CH.11 bankruptcy. Restructuring has improved cost structure considerably. Majority of employees and operations now in Asia. Sum of the parts analysis of Halla stake + Chinese joint ventures + NA operations suggested that the stock was undervalued. I.E. North American ops valued at less than 3 X EV/EBITDA

5. Hitachi (HIT) - Actually a levered play on rising US yields (almost 1:1 correlation between bond yields and Japanese equities). Almost universal derision of Japan by investors has kept valuations low.

 

[theycallmebruce]

Potash is in a mania now, there is no way Potash prices can justify the stock price. Anything to do with Potash is flying due to the BHP situation. But more Potash is coming on the market from other sources as well. Potash is valuable.. but I think valuation is insane now.

Potash will be announcing their first quarter earnings on January 27th. My gut tells me that this will be huge. Whether the current price includes the future earnings could be why the price has spiked recently. But if not, I would consider buying and a quick dump after the anouncement.

 

[pro123]

Potash will be announcing their first quarter earnings on January 27th. My gut tells me that this will be huge. Whether the current price includes the future earnings could be why the price has spiked recently. But if not, I would consider buying and a quick dump after the anouncement.

I think POT prices reflect the recent Natural disaster and global Food Shortage. For short term, I see POT prices as high as $185. I wouldn't buy at this current prices though as I see better opportunities.

 

[threemoretoonies]

For me it is AMT, ATMH, and NVDA in New York. In Canada AUU on TO. Closest thing to a penny mining stock about to make a discovery, Mexico and Nunavut. Do your due dilligance.

 

[hinz]

That was then, this is now. Look I've already said this was risky play but from today I can see at min. 6.00 for Citi based on the reasons I gave in post #3. A lot has changed since 2008. As for protecting capital gains I generaly place puts or in the case of calls move up the ladder. I did that with apple calls leaps last January and made nearly 12,000 per contract and the postition has time to run until Jan22/11 after earnings ... in this case I will buy a puts for the position at 340.00 and wait for the earnings report on Tuesday.

kf1

LOL. As a man living a simple life and not very smart, they all sound investment porno or foreign language to me.

Different stroke for different folks. Maybe it works just fine for you and John LaRue.

 

[JohnLarue]

LOL. As a man living a simple life and not very smart, they all sound investment porno or foreign language to me.

Different stroke for different folks. Maybe it works just fine for you and John LaRue.

Let me be clear
He and I have very different views on investing