RE:RE:RE:TOP ANALYSTS SAY THE INTRINSIC VALUE IS AROUND $4.35 ! YUP I've seen reports where the stock price is projected at 5.00 USD ( 6.76 CDN ).
I've seen reports where the analyst range is from 2.00 to 15.00 with a mean price of 6.98 (again in US dollars = 9.43 CDN ).
So we are clearly in the analyst's range LOL.
But i think we can count on the shorts putting pressure on this stock until we have
clear market upswing.
Keep in mind this stock was a dog until a few things happened.
- Price of oil went up.
- Price of base metals went up.
- Global talk of stimulus.
- and the number one reason - Teck turned a profit when all the other miners are struggling.
PROFIT is the number one reason to get this stock now. It matters F*** all"
what the world is doing. If we turn a profit this stock is going up. Now that we are turning a profit all we need is some favourable news on material prices and people will get out their calculators 'if Teck can turn a profit when the market is this bad what will happen if x goes up in price a few pennies? Teck will make X million more in profit. When that happens this stock will spike again as everyone piles in. So play the game
however you want. Short or Long or Day Trade.... Lots of opportunity here.
Personally i like to get in low and go long and save myself the heart problems. GLTA.