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Bullboard - Stock Discussion Forum Turquoise Hill Resources Ltd. T.TRQ

Turquoise Hill Resources Ltd is a global mining company that primarily mines copper, gold, and coal in the Asia-Pacific region. The company holds a 66% interest in Oyu Tolgoi, one of the world's largest copper-gold-silver mines, which ships concentrate to customers in China. Oyu Tolgoi is located in the South Gobi region of Mongolia, approximately 550 km south of the capital, Ulaanbaatar, and... see more

TSX:TRQ - Post Discussion

Turquoise Hill Resources Ltd. > CIBC Analyst Upgrade
View:
Post by McBabbles on Jan 23, 2020 2:09pm

CIBC Analyst Upgrade

https://thefly.com/landingPageNews.php?id=3021498&headline=TRQ-Turquoise-Hill-upgraded-to-Outperformer-from-Neutral-at-CIBC

H
owever, it's getting beat up like other copper stocks as copper dips on the economic fears of the coronavirus.
Comment by UnderTheRadar on Jan 25, 2020 10:06am
This post has been removed in accordance with Community Policy
Comment by McBabbles on Jan 26, 2020 1:50pm
I agree, coronavirus seems like it hitting China hard, and copper seems reliant on China.  Coronavirus appears to be getting worse, so how far will this drop?  Technically, I have a stop @ <$.80, but this was before the coronavirus.  
Comment by UnderTheRadar on Jan 27, 2020 12:40pm
This post has been removed in accordance with Community Policy
Comment by domcolumba on Jan 27, 2020 10:16pm
McBabbles I guess that today you got stopped out?? A little advice from someone in stocks since 1987. Never set stop losses on penny stocks or any stocks for that matter. If it is a security with a future the pros will run it down and grab your shares and now you have to buy them back higher. Valuable lesson. Dom
Comment by McBabbles on Jan 29, 2020 12:17pm
So I didn't stop out.  Instead decided to hold because this is alternate news driven (re:coronavirus) and not fundamental or technical.