Post by
JoeStockIQ on Jan 25, 2022 11:54am
Buying Opportunity
The decline in Taseko share price presents a great buying opportunity. Looking at the recent slide, one would think copper prices would have had to retreat under the $4 US area. Obviously that's not the case, not even close. Absent any unforeseen rumblings from Mother Nature, Q1 earnings should be stellar. We all know about the production left over from Q4 that has now obviously been sold at higher prices. The entire sector has been hit with selling due to overall market conditions, yet another reason for the buying opportunity. The Elliott Wave prognostications we have been putting forth on a weekly basis remain intact. Look at the extreme reversal from yesterday's lows. Not saying the correction is over as of yet but the markets will head higher again to the 5500 SPX region once completed. May $2 call options look quite appealing now. For those that don't dabble in options, simply buy the dips. The dreadful lot remains dreadful but the permit won't be stopped.
Comment by
slewfoot2 on Jan 25, 2022 12:54pm
Correction, i have assumed by dcjones concerns of the weeks of flooding and then a week of cold weather, that he was insituwating that the pit got filled to the top, then froze, and the only revenue is charging for public pond skati g. A d another correction, not 50 but 55 putatas per hill. Slew is one smart manufacturing enterprise guy
Comment by
JCSunsfan on Jan 25, 2022 2:14pm
How about selling May $2 puts at .40 (TGB USD)? It's like free money almost. TGB would have to be under $1.60 US to lose anything.
Comment by
JoeStockIQ on Jan 25, 2022 2:22pm
Solid play JC, lots of support and overall market direction in favor. Simply prefer the upside potential with market turnaround and permit developments that should occur before third week of May, along with probable strong Q1 results. Try both?