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Teck Resources Ord Shs Class A T.TECK.A

Alternate Symbol(s):  TCKRF | TECK | T.TECK.B

Teck Resources Limited is a Canada-based mining company that operates in copper, zinc, steelmaking coal and energy segment. The Company’s operations and projects include Antamina, Cardinal River, Carmen de Andacollo, Elkview, Fording River, Fording River Extension, Fort Hills, Galore Creek Project, Greenhills, Highland Valley Copper, HVC 2040, Line Creek, NewRange Copper Nickel, NuevaUnion, Quebrada Blanca, Quebrada Blanca Phase II, Quintette Project, Red Dog, Sullivan Mine and Trail Operations. The Antamina mine is a large copper and zinc mine, located in the Andes Mountain range of Peru. Its Carmen de Andacollo is located in the Coquimbo Region of central Chile. The Fording River Extension Project is located adjacent and to the south of Teck’s existing Fording River Operations. Its Galore Creek is located within the territory of the Tahltan in northwestern British Columbia, approximately 150 kilometers northwest of Stewart.


TSX:TECK.A - Post by User

Post by ellgaron Aug 07, 2011 10:49am
420 Views
Post# 18913228

What to expect tomorrow?

What to expect tomorrow?

Preserving capital? 

  At this point with mid east markets opening down -6% that could reflect back here if no great news comes out of the G7 meeting later today.

Time to consider the preservation of capital and possibly take a loss now to look at getting back in later when this mess settles and possibility avoid a selling contagion like we had in 2008.

That said, I’ll watch how TCK and the market opens tomorrow, at this point I have a gut feeling TCK.b could open below $40, if so, I’ll wait to see if buyers come back ... should have cut losses long ago but who saw this coming with the charts so in oversold territory.

  Some have said that the US credit rating drop was expected and priced into the recent selloff, now that it’s out it could oddly signal a relief rally and a short squeeze, that would be a hopeful situation.

All opinions welcome.

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