TSX:TECK.A - Post by User
Comment by
ronaldcoon Apr 29, 2016 4:58pm
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Post# 24827342
RE:copper up 10% , Teck up 400%
RE:copper up 10% , Teck up 400%Spacegimp said"copper up 10% , Teck up 400% sure , makes a ton of sense !
Teck is a profitable company with lots of great assets that should never had been trading at such absurb low prices. Investors were scared that oil prices would fall to 15$, copper to 1.50, etc and sold on emotion just as it was at an all time low. Today the market are giving Teck a more realistic value. We seen this happen in 2008 with our banks when they lost half their value because investors taught the world was coming to an end. The market is not a place where you can make sense of things at time but in the long run, it does settle down and trade at normal prices.