TSX:TECK.A - Post by User
Post by
b42on Mar 30, 2011 12:04am
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Post# 18359420
''ellgar'',,,,,
''ellgar'',,,,,........(one-year chart;) = I'm thinking $45 would be VERY strong support and also in the 3rd year of a presidential 4-year cycle with a following growing demand world-wide for all of their products. I'm thinking TCK = $100 next year on $6 copper and 'whatever' (high) met coal. I'm an old guy through many bull/bear cycles since '68. To me and my experience, this is just half-way through the latest bull mkt. Something like 2003-2008 with us being in around 2006-ish. I'm in the high $40's (averaged down a bit from $55,) So i mostly sell $53 or $55 calls. Like presently April $55's at 2-bucks (currently around .50-cents on their way to maybe zero in 3-weeks.) So far ok because i've kept long and am making more from call sales than any paper losses. Bob.