TSX:TECK.A - Post by User
Comment by
Falcon44on Apr 01, 2009 9:27am
339 Views
Post# 15887148
RE: RE: RE: Bridge Loan?
RE: RE: RE: Bridge Loan?What you have to understand is that this market rally we have had in March, was just a relief rally due to the oversold condition the markets were in. Earnings are usually the main driving force that move stocks higher in an uptrend and You have to keep that in mind if your long on TCK. The TSX in general being that it's Energy, Metals , Minning etc will get hit hard when 1st QU. results start to be released. Alot of the 4th QU results had pre ression profits on their balance sheets, QU 1 will be fully exposed to the ression and won't be a pretty picture. Now we will have to wait and see if the market has priced in these factors or not. Just a little heads up.