RE: RE: Take it or leave it insightIt seems that ever since the PP was announced......TCM has yet to regain the SP where it sat at when the NR was released.....average daily volume per trade works out to just over 200 shares.....telling me that there is a lot of investment money ready to short this stock.....perhaps someone is not happy with the financial details as well...we still have a few weeks left for the last batch of 14.00 shares up for grabs...albeit the current SP is still 1.00 lower than the buy in price and will not encourage any more buying under these conditions.
I just have a bad feeling that TCM is going to remain "stagnant" in the 12.00 to 13.00 range for some time to come...and with the TSX index near the 11500 mark and considering that some analysts are now calling for a 10% correction …as they feel the markets have gotten ahead of themselves…if this happens…TCM could easily retrace itself back to the 10.00 range....
I feel TCM chose the wrong time to gather more cash by diluting shares…and being somewhat vague about what they intend to do with it…does not bode too well will many investors.
Let’s see what the next week holds in store for this stock…