Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Teck Resources Ord Shs Class A T.TECK.A

Alternate Symbol(s):  TCKRF | TECK | T.TECK.B

Teck Resources Limited is a Canadian resource company. The Company operates a portfolio of copper and zinc operations across North and South America. The Company’s operations and projects include Antamina, Cardinal River, Galore Creek Project, Carmen de Andacollo, Highland Valley Copper, Trail Operations, Quebrada Blanca, Carmen de Andacollo, HVC Mine Life Extension Project, Galore Creek Project, NorthMet Project, Mesaba Project, NuevaUnion Project, Red Dog, Sullivan Mine and Trail Operations. The Antamina mine is a copper and zinc mine, located in the Andes Mountain range, 270 kilometers north of Lima, Peru. The deposit is located at an average elevation of 4,200 meters. Its Carmen de Andacollo is located in the Coquimbo Region of central Chile at an elevation of 1,000 meters, approximately 350 kilometers north of Santiago. Its Galore Creek is located within the territory of the Tahltan in northwestern British Columbia, approximately 150 kilometers northwest of Stewart.


TSX:TECK.A - Post by User

Post by Markcalgaryon Jul 12, 2016 7:35pm
255 Views
Post# 25046515

Shorting steamrollers.....hmmmmmmm

Shorting steamrollers.....hmmmmmmm
 Today I sold 4&7 dollar calls for Jan 2018 that I picked up in November, December and March.  Figured that the upcoming quarterly would have to be wildly good just to keep the price where it is now.  2 of the accounts were registered, so no cap gain tax......the other was a cash account so will have to pay the piper on that one.  Someone below mentioned shorting Teck........not sure I would do that....it's a bit of a freight train at the moment.  Being a short presents a lot of risk here.....and I trade options in registered accounts.  Just one announcement from Teck on something positive, and it could get some serious lift.  According to the stats posted here on Teck, it's got a beta of 3+....that's pretty wild.  My hope is that nothing happens, and that the world is not thrilled with the quarterly reports July 28....and then buy back in a few dollars cheaper.  If I miss my guess, and it stays stable, I am not really out.....If I am wrong.........well.....I have been lucky enough to ride this off the lows, and 
no one including me would feel sorry!  

Shorts have mostly covered since March 30, and it's now back to historical levels, so the buy volume pressure from them is gone.  I would be very careful shorting TCK going forward till just before the financials, and even then , I would probably wait for the tone of the call before acting.  

Teck is is a base mineral play....an oil play.....a China play....a copper play...it has a lot of balls in the air at the moment, and it only takes one of them to fall to impact the story.  

Good luck to the longs.....
Safe journey for the shorts
MC 
Bullboard Posts