Well, I let the majority of LB go today, 27 bucks was just too good to resist, my target by fall was only 26......This run-up has been incredible, more than 30 percent in 6 weeks or so.....I expect to get back the full position under 24, maybe under 23, after the requisite 31 days.......In the meantime, PEM, CWB, SMS, and GTA are all looking attractive, and another dollar drop in CM will trigger a small order...
One of my favourite analysts is becoming more and more pointed in his wording about his recommendation to roll out of RY......
Take a look at the chart for LB, and then compare with the charts for PEM and SMS.....
chart.canada-stockwatch.com
Both PEM and SMS have had slightly disappointing recent quarters, but in neither case does this indicate a trend, imho.....They both have a history of profit growth and stock splits, without the political risk of the Qu‚bec banks.......
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