TSX:TECK.A - Post by User
Comment by
cartach13on Sep 01, 2009 4:06pm
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Post# 16268618
HHATRE: No surprise
HHATRE: No surprise You got that right. I think this is just another example of mob psychology. I remember when I was about 18 years old [that's over 50 yrs. ago] , working in Vancouver,and one of our fellow employees was a small time bookie and many of us who would never bet on race horses got into the game. One day a horse by the name of HIndu Prince ran a race and placed well in the money. Many of the the observers at the time noted that there were many people of the Hindu religion at the race track [how many?-nobody ever said]. It was good enough though that the horse placed in the money and in the next race it ran in in all of us actually went out to the track and bet on Hindu Prince. Guess what? The horse lost badly and all of us were out of the money. Ever since I have kept that lesson in the back of my mind, Whatever September brings things will get better and whatever you do don't get caught up in the mob psychology no matter how big or small it is. Don't bet on a horse just because a bunch of people are touting it and don't get all panicky about a stock because some people are moaning and groaning , full of gloom and want to make a headline story basaed on negativism. The people who are fuelling the panic about September are a bunch of incompetents. They should'nt be allowed to voice their opinions which are based onanything but facts. They're nothing but talking heads who have to mouth off on a constant basis or they won't get paid and don't have the time to really do any research and don't know much about basic economics. This September is a hell of of a lot different than last September and don't forget that. As for myself I can hardly wait until Teck share prices spout up along with the growing economies throughout the world to a point where I can sell at a considerable profit. I've bought Teck a number of times in the past,waited until it spiked and then sold. Don't get sucked in by the BS being spewed out by the so called experts. Just check the graph over the past five years for Teck and take the time to fnd out what's really going on in the world by keeping informed. You'll make a hell of a lot more money if it's your decision rather than somebody else's.