TSX:TECK.A - Post by User
Comment by
BigNickon Mar 03, 2009 6:52pm
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Post# 15818161
RE: RE: RE: TCK a "high priced lottery ticket"
RE: RE: RE: TCK a "high priced lottery ticket"I sold out at 8, taking a fairly hefty loss, down from a dollar cost average around 12, and have recouped some of that flipping between 4 and 5. With the news of the last few days, I would only buy below 3 sell above 4, but this range is changing daily, and to be fully honest am having trouble seeing value even in the low threes.. the price point, at which the stock seems to have equal or better upside than down, is literally like the razors edge - impossible. The momentum of the market seems to be accelerating downward. The type of market is the type of market where cash rich companies acquire assets for fractions of the true value, and does not bode well for tecks plan to dump assets, I mean you dont see any bidding war for the supposed, world class assets like HVC, ft hills, or ANTamina or the coal patch now do you.