Teck Resources Ord Shs Class A T.TECK.A

RE: RE: Blasts ... yana

[cartach13]

 I've played Teck for a few years now buy buying low and selling high,waiting for it to drop [usually about $10] ,then buying back in and so on. Except for last year when it dropped as low as $3.35 after I had bought back in at $28. I held on to those shares and now they are back up at $42 plus. Should have bought more last year but didn't have any cash. This year with Teck owning all of Fording Coal and all the talk about higher coal prices next contract year [Apr./2010 - Mar./2011] , the continuing price increases for base metals, Teck's reduced debt and the positive overall economic growth outlook, I don't think there is any chance that Teck's SP will pull back any significant amount for any extended period. There will be a continuing increase In SP and any reductions will be limited to small temporary pullbacks at least until beyond when coal contract prices are set or if something drastic economywise happens. So I'm holding.  JMO