TSX:TECK.A - Post by User
Comment by
Falcon44on Feb 21, 2009 10:41am
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Post# 15794959
RE: Cannacord ..........
RE: Cannacord ..........If you could control a stock in your favour, wouldn't you do it. TCK has been quiet the last couple of months and now we are starting to get asset sale news. Now's the time to be buying, Cannacord and the rest of the deadbeat brokerage houses will try and push the stock lower to accumulate more shares, just like when a stock tops and they keep raising their targets, only they themselves are selling into the buying spree. This is called positioning on the buy side and liquidating on the sell side, and they do it very well, Add to that, the huge short position thats hanging over the stock. What better time to cover with all the selling pressure. Don't be surprised to see that the short position at the end of the month will have dropped substancialy. The key to making money in this market is to be on the same side as the large brokerage houses, stay away from the crowds, because thats what they feed off of. Cheers!