TC has been trading in a small window of 5 percent down 5 percent up (micro cycle). This gets day traders wet. I expect tc to go up north of $20.00 soon. All the analystis agree with me. Next uptick to $16.95. All you non investors sell and lets clear out the small boys. all you investors dont pay to much attention to nonsense. As a smart investor protect yourshelf with a 18% sell stop. In my opion it will not happen and this stock will glide to $16.95 let time work it magic. Ask yourself this, Is molly needed? Is China exporting Molly? Is the housing market going to the depression? Is all of United states going to stop using steel? The answer is Hell No. Factor in inflation and Molly prices go up even higher. In fact to get the US on tract more steel will be needed and the US leaders of the free world will require more steel. Look at Libya George Bush should get the credit for this happening. Iraq gets a democracy and all of the neighbors want it also. Fredom taste good. Which means more steel needed from the USA. God bless George Bush.
Now that we have had a small correction tc can finally start the road to the next level $16.95. This is a great exciting time to jump on TC. Me and my followers are loading up again. Buy Low sell High.
As you can see with the market down TC does not want to go under $12.90. Holding strong at $13.00. Strong buy: where are all the shorts now (running for cover). It is the longs running this stock. Follow me to 16.95.
You always need a stop loss. I recomend a 18% stop. That way you can ride this baby all the way up. If it goes down 18% from 12.90 you loose $2.32. It would have to go down to $10.68. As you can see the stock does not want to go down to $12.50. This one will be a winner. Good luck with smart investing.
Today is a good entry point. Buy on gloom and crash and burn statements. A lot of price targets at $20 and above. DO like Warren Buffet only buy when stocks are on sale. Sell when everybody wants to buy. Now is the time to be buying. My next target is $16.95 than a small corection will follow and after that we should see $20.55. If you have been following me you will see my 18 percent stop loss should not be reached. Good luck to my longs as we will be rewarded since I started with this stock in the middle $8.00. Statement of facts (I am a investor with many other recomendations; Side note GE 3 percent div. I bought that at $6.00 and will hold for at least 2 more years) The above statement is only my opinion