TSX:TECK.A - Post by User
Comment by
b42on Mar 29, 2011 1:34pm
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Post# 18356203
RE: Any ideas...YES,,,
RE: Any ideas...YES,,,TCK is treated as a copper stock. Nobody plays it for the coal. Proof== Compare 2-month charts (all NYSE; all copper,) TCK-COPX-SCCO and JJC. Recent highs; lows; and trends are all the same. This is NOT a TCK problem. The problem is a perception that the copper demand might be over (for now) based on China's huge cutbacks of a month or two ago. I just keep selling calls short every month whenever the stock pops back up then cover them at lower prices when the stock drops back down (like recently.) One day i'm sure i'll have to chase it to get back in if i'm ever called out that's why i'm only doing one nearest month at a time.