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Timmins Gold Corp T.TMM

"Timmins Gold Corp is engaged in acquiring, exploring, developing and operating mineral resource properties in Mexico. It owns and operates the San Francisco open pit and Ana Paula gold project in Guerrero and the Caballo Blanco gold project in Veracruz."


TSX:TMM - Post by User

Bullboard Posts
Comment by nailation Feb 27, 2008 11:42pm
175 Views
Post# 14559194

RE: No Resistance

RE: No Resistanceshiva, I understand your cautious optimism as I tend to lean towards the conservative side myself. However, there are several factors that have resulted in TMM seeing this recent momentum (price of gold, good Tequila news, pre-feasibility out soon, PDAC this weekend, and Jay Taylor on BNN this Friday). As I mentioned the other day in October when Jay Taylor recommended TMM it ran up more than 50% in a few days on huge volume (several days where shares traded from 400K to 1.2 million shares daily). The share price stayed overbought for a couple weeks and took several weeks before it had any meaningful correction. Also, there was a gap at $0.92 in October that needed to be filled which likely helped bring the share price down. This time around there are no gaps to worry about. So going into Friday, with Jay Taylor on BNN, and PDAC this weekend I would venture to guess that the momentum in TMM will continue for a fair bit longer. I wouldn't want to go into this weekend not holding any shares. A pullback will come at some point but not now, IMO.
Bullboard Posts

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