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Gold/Mining/Energy : Teck Corporation TEK.A TEK.B Canadian "eh"

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To: Davy Crockett who wrote (21)4/6/2001 6:43:55 PM
From: ralfph  Read Replies (1) of 35
 
Hey there Peter

I am at a loss as to what TEK.B is going to do right now. The last few swings where almost nobrainers they where that easy to call but at this point I am at aloss when it comes to TA.
Things to consider

(1) I am bagholding this one(up 70 % so far) maybe I gots the rosie glasses on. <ggg>

(2) My target was in the high 17 to low 18 range

(3) There has been a pile of buy recommendations lately.

(4) PE ratio is starting to climb

(5)They will soon bring on one of the biggest and low cost mines in the world ( got some dept to deal with)

(6) Coal sales are up a tad because of the power problems.

(7) Long term -coal is not going to be a money maker because of the pollution problems and green house gases.

(8) Cominco will be shut down this summer (but it should make more money by selling power than it would making metal.

(9) analyist target price is 20 bucks

(10) All the above need to be chewed on but the graph is pretty. I am concerned about the number of times the stock has flirted with 15.50 without breaking through.

(11) A look at the long term charts makes it look as if there is more room to move upside.

take care
ralfph
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