TSX:TECK.A - Post by User
Comment by
ronaldcoon Apr 20, 2016 1:36pm
247 Views
Post# 24789732
RE:Seriously .....
RE:Seriously .....Trying to figure out why markets or individual shares are moving is an almost impossible task. When investors are scared as they were a few months ago, they sell and ask question later. To me, Teck never had any reason to be trading under 10$ as it never was in any serious financial difficulties like it was back in 2008 the last time it traded down 4$. Markets are forward looking and investors are betting that metal prices will be higher in the future than they are today or that there's more upside than downside risk. Low metal price have forced miners to pospone projects and will eventually lead to a more balanced market. Also, investors must be covering their shorts which is supporting this rally.
This has a been a good rally of over 50% in a few weeks, but I don't believe these shares are that expensive and I rather concentrate on the future of this company instead of trying to sell and get them 1$ cheaper as you risk losing your share just like wonnetr.