Good to read your reply, charcoal. Better late than never !! {:-)
But there again, the passage of time has given us the time to see how things have developed with TGB.
Back in May'09 TGB reflected sound fundamentals within certain critical areas of its financial statements. Therefore we saw its price reflecting that in the medium term with a good uptrend.
After our initial discussion in May there was another set of financials for its 2nd. Quarter which also had good, relevant numbers. Once again its price continued its uptrend.
To me, the moral of the story is to stay with a stock as long as its fundamentals are sound. A good time to re-assess a stock is just after it announces its results or, possibly, just before the results if it announces a good profit increase and one already holds the stock. Not likely that its price will fall in that situation.
IMO it's not likely that a company whose Revenue is increasing, its EBITDA margin is up, its pretax return to CE is good, its Bottom Line is up, etc ..., is likely not to find favour with informed investors.
In its latest Quarterly (3rd.) we see a decline in these factors, but, conversely, we've seen a jump in its price.
Well .... let's see how sustainable that price increase will be, going forward.
I'm not a keen proponent of T.A. but there has, recently, been a divergence between TGB's price and Relative Strength Index, with its RSI falling while its price is up. That, I believe, is an indication of its price following the RSI down move.
I've not done an in-depth analysis of TGB's future prospects, so maybe there's been "something in the wind" that some folk have latched onto. After all, the company is in the "Mining Exploration" business and they can react to rumour and speculation.
Maybe you know something in this regard ? |
