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Teekay Tankers Ltd. Message Board

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  • jd9919 jd9919 May 24, 2011 3:19 PM Flag

    Okay, question for Coursonc

    Thanks for the guidance. The way I see it (not looking at fundamentals), if Goldman has a 6-month $9 target on TNK, the hedge funds will try to short it 10 to 20% less than the target price before going long, which puts the floor in the $7's or low $8's (barring another downgrade!). I hate to cut myself on a falling knife, but at some point soon TNK should be worth the risk, I hope.

    Cheers

 
TNK
2.52-0.01(-0.40%)Sep 23 4:02 PMEDT