People, if you do not see that TCK is headed lower - a LOT lower, then may you seal your own fate. Every day, it's just ticking lower and lower and has hit two new 4+ year lows in the past week....Next stop - $19-$20 where there is some minimal support. More substantial support in the $17s....Even if you are bullish, I would wait to by at $20 or less (maybe even selling the Aug puts - get some premium and buy the stock at $20 if it's lower - you gotta not get married to ANY investment to make money in this market).
I'm so stuck at 35$...will be a long wait. I thought that 27 was lowest it would go, never in my wildest dreams would i think it will make all time lows again. Getting worried...and i thought FCX was a bad investment.
TCK is the worst...need coal to rebound for this one to get back up to the 30s
All time lows for TCK was after it bought out Fording Coal and the fear was they had bit off more than they could chew. Lowest was in the $3s. With coal out of favor and steel demand waning TCK is a tough one to hold, especially since it doesn't pay much of a divvy to wait it out.