RE: RE: RE: Let's wait for the RE and more!extcffan, Moriarty's report carries a lot of weight with me. I've made a lot of money off of some of his stock recommendations over the years. At least five times my money on Nova Gold and Roca Mines to name a couple. I got out of both near the top. I read every report that man puts out. Sure some of his reports are pump pieces for his advertisers but if you have half a brain you can distinguish the quality companies for further dd.
A handful of drill holes tells me a lot about the potential of a property, proven reserves will follow.
The smart money is in AIG, Enron, triple A rated mortgage paper. etc.
No one, including Moriarty would put every penny into one stock and yes Moriarty thinks this company has multi billion dollar potential.
"TCF has a franchise and if they can pull it all together, they have multi-billion dollar potential. It will be an interesting ride." -Moriarty
Did you read that extcffan? milti-billion dollar potential. Let that sink into your brain.
Mgmt bought more shares in the secondary, like Peter Lynch is quoted as saying- "insiders buy for one reason only, they think the share price is going up"
Pull up a one year arithmetic chart of TCF, there is a very bullish looking falling wedge shape, break out occurs around 40 cents.