Re: Tyhee Too Cheap- Should be 60-80cents now-Hubert.
in response to
by
posted on
Feb 24, 2011 04:24PM
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There is a constant supply of shares offered between $0.145 and 0.15 cdn. Someone is quite interested in capping the price. Hopefully the overhang is almost exhausted. Otherwise it is possibly naked shorting.
I had become discouraged the past month as there seemed to be no reason for this low valuation. From a technical analysis point of view, TDC looks to be ripe for a bounce. Against my better judgement I even added to my position today on the drop (still have not sold a share yet). TDC may flounder at this level for a while but the odds are in favour of a bounce soon.
Once again, the Gold and Silver mkt got ahead of itself. Happened to coincide with the settlement of options mkt. Statistically speaking, Silver will pull-back once the price of Silver bullion in usd divided by its 200MA goes over 1.4. This was first pointed out by Adam Hamilton of Zeal. I use this ratio to stand aside and it has worked well. Other factors should also be considered. There was too much bullishness and we had exhausted the available buyers. Margin is also a factor.
This may be a quick correction and there is always the possibility of being out for the next rise. I took the chance once again.
W