The short list

My Trading Stock Selections

I have selected a list of some of the most volatile stocks on the TSX following these criteria:

• an average daily swing of $1 or more, often more than $2 and as high as $4 or more.
• volume greater than 200,000 shares a day traded...the higher the better
• priced between $40 and $75, this let's me have the option of trading two at once
• The price regularly does most of it's moving in the morning, off the start

Of all the stocks available I ended up with 10 on my short list.

• Agnico-Eagle Mines Ltd. (AEM.TO) - Average daily swing >$1.5, 60 days >$2, ~$50
• Inmet Mining Corp. (IMN.TO) - Average daily swing >$2, 21 days >$4, ~$50
• Suncor Energy, Inc. (SU.TO) - Average daily swing >$1.5, 47 days >$2, ~$50
• Teck Cominco (TCK/B.TO) -Average daily swing ~$1.5, 40 days >$2, <$50
• Addax Petroleum Corp. (AXC.TO) - Average daily swing ~$1.5, 39 days >$2, <$50
• Canadian Pacific Railway (CP.TO) - Average daily swing >$1.5, 36 days >$2, <$75
• Imperal Oil (IMO.TO) - Average daily swing > $1, 34 days ~$2, ~$50
• CIBC (CM.TO) - Average daily swing ~$1, 35 days >$2, <75
• Magna Intl, Inc. (MG/A.TO) - Average daily swing ~$2, 40 days >$2, <$75
• Canadian Natural Resources (CNQ.TO) - Average daily swing >$2, 30 days >$4, ~$75

Of these CNQ and IMN are my favourites as they average over $2 daily swings and have swings as large as $4 often...having said that I have not traded them for real yet.

Keep in mind that stocks in the $100 and higher range swing far more than these but it really restricts the cash available and a larger swing means that a loss can add up quicker than I might expect.