TSX:TECK.A - Post by User
Post by
rishshah2on Feb 02, 2009 2:50pm
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Post# 15746006
obviously someone is averaging down big time
obviously someone is averaging down big time
the strategy here is simple...bringing it down under 5 $ let those margin calls take over and see the dumping begin...a normal scenario...but dint work this time??? why....
cause ppl that are buying right now are longs...and are getting in with their cash and not margin...so the fall dint happen...shorters are still trying but its not working anymore...so this will move back up preety soon...with the 4th quater results...my guess it they will make more cash then ever cause of the fording deal and the forward contracts.... but will right down some investments...either way long term solid buy right now....if commodities turn around...u will double in no time...but be smart and dont get in margin games...and hold.....will move up with any good size asset sale guranteed.....