TCM activity on Friday....makes one thinkMany days I have witnessed TCM fall from -60 cents to -1.35 when the TSX has only fallen -30 to -60 points.....yet Friday the stock held above 24.00 for most of the day until the TSX fell through the -300 barrier and only then did TCM drop a measily -31 cents...
Makes me wonder if someone (management?) is attempting to keep the SP up in an effort to report a strong 30 day moving average for a possible takeover.
When many of the metal plays received a severe pounding on Friday yet TCM maintained a solid position with over 1.7 million shares traded...the thought does come to mind..or perhaps strong Q3 numbers are expected