I'm sorry, but Michael Hainsworth is a bit too dippy at times.

I can't even take him seriously anymore, and a recent episode of Market Call was the last straw for me.

 

A few weeks back, he was hosting a segment on resource stocks, and someone calls in about Progress Energy.  Michael Hainsworth gets all serious (in his 1940's zoot-suit style of speech) and asks the guest what caused the precipitous drop in the Progress Energy stockprice.  (Note that this was only about a week after the Canadian government nixed the current takeover bid from Petronas).  The guest just looked at Michael, almost dumbfounded.  I was expecting the guest to blurt out something like  "Are you serious?"

 

I can't take this guy seriously anymore, with some of his ridiculous comments, so I no longer watch the episodes.  A typical comment is something like:  "The street says 40% upside in the next 12-months, does that jive with your expectations"  (again, the zoot-suit talk).  I wish someone would respond, "Well, Michael, the street knocked XXX stock down by 40% for no other reason than Euro uncertainty and the looming fiscal cliff - so you tell me !!"

 

If you feel like you're missing out on commentary, you can always check out http://www.stockchase.com

Somebody updates this site regularly with BNN analyst comments, or you could catch a replay on BNN.

 

I use a variety of sources for due diligence, mostly information off of Sedar.com, but also information that is compiled and shared by analysts at the bank which houses my portfolio investments, as well as information from business papers like the Globe and Mail and the Financial Post, and also various  business media like BNN.

 

However, of all the sources I use for due diligence, I trust BNN the least, even though I will watch it now and then.  While it's interesting to hear what their guest analysts are talking about, I view their appearance on BNN as primarily an opportunity for them to "soft market" their wealth management services, and in some cases as nothing more than an opportunity to "pump and dump". 

 

I'm holding onto my RPL shares for the time being, even though I am under water.  I'm not sure whether to add more to my position at this point, or whether to wait for a firmer bottoming in the stock price.  There could be further downside; but alternatively, there could be a short squeeze at any moment, causing the stock to rocket up by 30% in a little over a week, similar to the price performance of another company in my portfolio TMB.T.  (which has had a comparatively weak stock price performance, despite improving fundamentals within its overall market sector).

 

So given this uncertainty, I'm just planning to sit tight for a few weeks.

 

GLTA