TSX:TECK.A - Post by User
Comment by
gwplanton Jan 14, 2013 10:28pm
164 Views
Post# 20837746
RE: RE: RE: Just another day at.................
RE: RE: RE: Just another day at................. I am far from being a trader but these metal producing companies both gold, silver and base are in no way your banks, your pipelines, your utilities, your REITS and will go through ups and downs and you sometimes have to see the writing on the wall with them in a small portion of your portfolio for mostly capital gains and buy them at the right times and as well sell them when you book some profits. Obviously when the stock was in an obvious downturn was not the right time to buy, I am going to assume your avg cost is much higher than here just by your lack of patience and your frustration level...you obviouly have no one to blame but yourself, the stock is in a good spot here, I rarely recommend to avg down but since sept and in particular when the downtrend was reversed it was the right opportunity to cut your losses by adding and getting back to even that much quicker....never catch a falling knife but when a stock reverses back to the upside you ride the wave back up. Just have some patience you will get back to even soon enough.