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Taseko Mines Ltd T.TKO

Alternate Symbol(s):  TGB

Taseko Mines Limited is a Canada-based mining company. The Company is principally engaged in the production and sale of metals, as well as related activities, including mine permitting and development within the province of British Columbia, Canada and the State of Arizona, the United States. The Company’s principal property is the Gibraltar Mine, which is a copper-molybdenum mine that is located in south-central British Columbia. It also owns the Florence Copper, Yellowhead copper, New Prosperity and Aley properties. The Florence Copper property is located midway between Phoenix and Tucson near the community of Florence, Arizona. The Yellowhead Project is located in the Thompson-Nicola area of British Columbia, approximately 150 kilometers northeast of Kamloops near Vavenby. The New Prosperity Project is a gold-copper porphyry, which is located in British Columbia. The Aley Niobium Project is located in northern British Columbia, approximately 140 kilometers north of Mackenzie.


TSX:TKO - Post by User

Post by dcjones4396on Dec 18, 2020 5:30pm
202 Views
Post# 32145314

Taking Profits Is A Good Thing

Taking Profits Is A Good ThingToday is yet another reminder why taking profits in Taseko works. Since March, I switched from being buy, buy, buy and hold, hold, hold to keeping a 75% hold and 25% swing. I have been fortunate enough to do so since picking up a huge block of shares from March - May or so. My main point is that swinging with a quarter or so of your shares has proven to be a great money maker with the way this company trades. The fish has done quite well going in and out since posting here recently. Good for him. Trading in the middle (keeping a 75% core) isn't such a bad thing is it? It's been a great success over the past several months. Can you miss a huge run up from unexpected positive news? It's certainly possible, but you still have 75% of your shares while booking great profits. Food for thought for those of you that have a large number of shares. Fish and Fluff have done well doing so, as have I and others. I still firmly believe this is a $3+ US stock but you can't deny the large percentage wise swings in price this stock goes through. Enough that it changed my trading habits. Can't stand paying the huge taxes associated with "short term" trading but it still ends up being a 70% profit after the feds get their cut. The big question is, how will this stock trade next week? It's nice to have lots of cash on hand to jump back in with that 25% just booked. What do you think fish? What's the next in point?
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