Trades Summary - 11/07/2007, -$ 2,592.00

Closed Positions

=>ENTRY:2007/11/01-Long RY.TO at 55.34, stop@52.61, risk/unit $2.48 (-2.8%)
=>EXIT :2007/11/01- 200 at 52.26, Net PL $ -616.00 (-2.8%) 6 days

=>ENTRY:2007/10/31-Long RY.TO at 55.53, stop@52.61,
risk/unit $2.70 (-5.9%)
=>EXIT :2007/10/31- 600 at 52.27, Net PL $ -1,976.00 (-5.9%) 7 days

Reason for exit: Broke support and increasing concerns over mortgages in the us. Also, want to make room for trades in CLS.TO and also LH (NYSE).

New Positions

New position on Celestica (CLS.TO) - I have been watching this stock for some time and there seems to be some buying activity displayed in the intraday chart. The weekly chart also shows it's ready to spike. I am entering with a stop at $ 6.20.

2007/11/07-Long CLS.TO @ $6.73, stop loss @ $ 6.2, risk per unit $0.53(7.9%)

 
Recent news on Celestica:

Zacks:
Aggressive Growth – Celestica, Inc. is turning around its operations and it is showing up in its results. Earnings estimates for this year have increased over 10% to 16 cents per share over the past 90 days. The past three quarters have produced an average surprise of about 80%. Analysts expect earnings to explode 208% next year. Additionally, the stock is very cheap at only 0.6x book value.

Laboratory Corporation of America (LH)
2007/11/07-Long LH @ $69.02, stop loss @ $ 65, risk per unit $4.06(5.1%)

Reason for entry: this is a S&P 5 stars stock that suffered a recent over reaction. It's been one of the top performers for years. The company has been aggressively repurchasing their shares.

Laboratory Corp Board Approves Buyback 11/5/2007
BURLINGTON, N.C. (AP) - Clinical lab services provider Laboratory Corporation of America Holdings said Monday its board of directors approved a $500 million stock buyback program. AP

LabCorp Announces $500 Million Stock Repurchase Program 11/5/2007

Laboratory Corporation of America(R) Holdings (LabCorp(R)) (NYSE: LH) today announced that its Board of Directors has authorized a new stock repurchase program under which LabCorp may purchase up to... BusinessWire

Adding to my Tim Hortons (THI.TO) Position

2007/11/07-Long THI.TO @ $35.85, stop loss @ $ 34.62, risk per unit $1.23(3.4%)
The stock has been consolidating for days now on low volume. Today is showing some strength. I am adding to my existing position. The following are the 30 mins and weekly charts. PS: I love TH's coffee... they have a strong brand in Canada.