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Thompson Creek Metals Company Inc. Message Board

  • blakeeric619 blakeeric619 Nov 16, 2012 2:04 PM Flag

    Oct 10 was the Bottom

    All,

    Pretty easy to look at the charts on this. Oct. 10th was the bottom trend on TC. As we go upward I'm sure we will have the channel traders bring it down to a small valley and then back up. Look at the volume trend on this. Volume average has been going down since the Presidential Election on the 7th which directly coincides with the market downward trend. So the surrounding general market feeling pushing everything else downward has NOT been incorporated into TC .. and in fact.. this is bullish on this stock. With the general market pushing downward ... TC's been slowly pushing upward with low volume... This is telling us the sellers are not out there (IE the shorts) and that agreed upon buying at higher levels is becoming more acceptable. I can't wait until the 11 days worth of shorts get that warm panic feeling... My guess is it will coincide with the announcement of the Fiscal Cliff can kickage / when the rest of the market ROARS that day.

    Sentiment: Buy

 
TC