TSX:TECK.A - Post by User
Comment by
ellgaron May 20, 2010 9:24am
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Post# 17117098
RE: RE: RE: RE: RE: RE: RE: Below 10
RE: RE: RE: RE: RE: RE: RE: Below 10Copper seems to be holding now even with the other metals lower today, the thought is copper is oversold and with TCK down over 30% from it's peek last month it seems to have a solid base above $30.
That said is it more the 40% mining tax in Aus that could spread over here?
We'll see today, but as the previous post stated the US market is pushing the sell button on TCK.
I've averaged down yesterday below $32 and may again today if we see $30ish but I rode this beast down from $35 to $4 so we know this co is not going away and is now back stronger that ever.
Just MHO