Quote:
Originally Posted by lol
If you have that type of motto in your head, you're just going to lose money. Especially if your goal is set out to trade short term. If this guy is trading long term then yea by all means. But imo, people get too attached to their stocks and fall in love with them.. and when they start to dive for other reasons, traders stop using their brain and go with their heart.
Is everyone in here basically a fundamental trader? or are there any techs out there?
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its a long term investment, and long term the outlook for teck's growth is awesome. i don't love the stock, i love what they are doing going forward, copper, coal, and oil in the coming years... 3 things that are, and will continue to be in high demand going forward, as well as being in limited supply - add to that a modest dividend, and i think yesterday's prices were a steal
as part of a diversified portfolio, having a large cap, commodity name, which has great continued growth prospects both organically and through acquisitions (look at their cash balance), especially one that pays dividends, is definitely a wise idea
and don't "buy and hold", but i buy and revaluate, and for hte next couple of years, as we continue with world economic growth, teck is, and will continue to be a good name to be in