TSX:TECK.A - Post by User
Comment by
cartach13on Mar 03, 2010 4:57pm
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Post# 16839915
RE: RE: how many of you held on from $4.00
RE: RE: how many of you held on from $4.00 My cost was $28+ way back before the troubles started. When teh SP started going down I held on thinking that it would rebound eventually as per my past experience with it. As it kept going down I still had faith but it was being tested. By the time it hit it's low of $3.35 I had decided to hold on to it on the chance it would be bought out or would recover at least some. Thankfully management started to make their moves,the world economy started looking better and the SP was climbing. I decided to hold on and I still have my shares, waiting for it to go to $60-$70 and the dividend to be reinstated and then I might sell a few. I think there was quite a few in the same position as I was who are still holding and won't take profits now. Also those who bought at the lower prices and haven't sold already might tend to hold on longer because of the way the SP has steadily progressed to it's present level and all indications are, especially with copper and coal prices going the way they are,that there is a lot more upward mobility. Even if the SP does correct for whatever reason, I'm sure that it will rebound in short order and keep on going up. That is how I've played Teck for a number of years and have always managed to make some money each time. Now with the company problems sorted out my confidence is restored. JMO %roubles started. When teh SP started going down I held on thinking that it would rebound eventually as per my past experience with it. As it kept going down I still had faith but it was