Taseko Mines Ltd T.TKO

Our Primary Warning Indicator

[JoeStockIQ]

The Russell 2000 ETF (Ticker: IWM) is now our focal point, instead of the SPX (although that will corroborate). It closed at $206.86 today. If, over the course of the next few weeks, it heads to the 190-194 region...red alert. That will give time to exit before a probable small bounce to 197-200 that precipitates a 25% decline. Believe it or not, just giving our updated position for anyone that follows these analytical structures. Here's to hoping Taseko keeps going higher until that happens.

[JCSunsfan]

Our?  You and who?

[JCSunsfan]

Is this based on charts? there is the old "sell in May" that works too.   Really.  I am not trying to criticize.  You just have giiven no reasons for your specific numbers. btw . Copper at $5.02 at the moment.

[spicko1]

I'm with you JC. Markets will eventually catch up to fundamentals. In two years, when TKO is producing  over 200M lbs per year at a combined C1 cost of $2.50 (generous), their profits will be 500M....about $2 EPS. There's no way SP won't drift 5x where they are today. I don'tt care for SP manipulators or a rollercoaster ride. I'm simply strapping myself in and waiting this

[JCSunsfan]

A c1 of $2.50 will be just Gibraltar in a bad quarter.The c1 of Florence will be $1.10 a pound.  That makes for a $1.96 per pound c1. copper at $5.05 just now.  Yikes.  Where will it be in a year?

[JoeStockIQ]

2026 Q1, that's when Florence starts producing. What will happen between now and then? Everyone agrees that a producing Florence changes everything, most importantly earnings and FCF. But...have to get there first. What happens if a large market correction occurs between now and 2026? Answer: Taseko shares will be much cheaper to buy then. 

[JCSunsfan]

So, do I try to time the tops and bottoms or just hold a company that I know will be worth more then?  I am not sure that we disagree about the coming fluctuations, just more about how to respond to them.

[rob2000]

Bottom line you are trying to time the market. Always a dangerous game. The only reason to be selling TKO is if you are overweight in a sector or stock or because you think the fundamentals for the stock has worsened. Also I question why anyone would reveal his position and strategy so openly on a public site.