Tischendorf Letter Issue 113 - October 18, 2010

Greetings!

I just bought: TMB.TO - Tembec @ around 2.12 - Stop Loss @ around 1.75

TMB.TO's chart looks like a big cup with handle pattern about to break out to the upside. The volume coming into the stock over the last 2 weeks certainly looks like accumulation to me. That's why I'm willing to give the stock some room to breathe. My stop loss is placed below the higher low the stock recently put in.

TMB.TO - Tembec chart on my public list:

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID2791469&cmd=show[s210369866]&disp=P

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