Time to Head for the Hills?I wish I didn't have to sound this note of pessimism but in contrast to the faithful on
this forum, I don't have the stomach to watch TGX sink back to the low it made in
March at .67. Yeah sure, in a year's time I may be sorry when they're pumping
emeralds out of the ground by the wheelbarrowfull but for the immediate future, I
don't like the direction the stock is heading.
Resource stocks should be peaking at this time of the year and they usually enter a
long slide from here into December only to have interest pick up again in the new
year. I think my speculative capital could be put to better use than sitting on TGX and
riding out what seems to be a slow erosion of the share price between now and
December. My thoughts are that there are players out there who have heard the fat
lady sing - at least for the rest of this season and they, being the ones in the know,
are bailing.