My Opinion
posted on
Nov 27, 2009 02:04PM
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As I have prefaced previously admonished statements, this is my opinion. By definition, this means I have no "facts" to substantiate it. And, by the way, last I heard, message boards were invented to share - well - opinions. OK, here I go.
1) This is a classic breakout in every sense of the word. Yes, I agree T/A is of limited use on an issue like this. But price breakouts on high volume with follow through are a good thing - a very good thing. IMHO, pretty soon TDC will "make the charts" due to its increased price and volume.
2) Yesterday's and today's positive action immediately after a 33% up day, despite the Dubai carnage elsewhere both yesterday and today, shows TDC emerged from its multi-year long slumber a market stud. I'd be very surprised if there weren't more to come.
3) Let's not forget feasibility, fundamentals and financing are the big 3 Fs that will determine Tyhee's fate. Feasibility (OK, pre -fease) is around the corner and gets more and more certain on every $100 rise in POG; fundamentals are grounded in the gold bull market and enhanced with ever-rising resource estimates (soon to be reserves); and financing will become available as the first 2 Fs are verified.
For those academics amongst us, QED.
Strike