TSX:TECK.A - Post by User
Comment by
2fast4u1on Dec 06, 2010 2:59pm
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Post# 17807505
RE: RE: GOING HIGHER
RE: RE: GOING HIGHERMy friend just graduated and is now a institutional metals trader right now. He is also in investment banking for CIBC. He worked for them least year as well during co-op. He obviously has access to reports that keep them ahead of the herd. He told me last year and confirmed this year that CIBC still has a 65 price target. Greed is fine if you are using logic and reason instead of blind emotion. At the highs before the crash China was just getting ready for massive growth. There was a pause but not we will exceed growth rates and revenues from before the crash which will justify a higher price. Not to mention the raising of dividends, which attracts fund companies. Im selling half at 65. Will buy back on dips and hopefully we shall see 100+ in no time. I can see teck expanding and acquiring more metals gold, silver, platinum, palladium, and lithium companies and or land rights. They are also investing in solar and wind. Teck will be a world leader with sustained innovative growth within the mining sector for years to come.