TCK.B Teck Cominco Feb2.

tck.b feb 2

A little while ago I was itching to buy Teck, not only do I love tech stocks but  it had dropped so much that it was only $3 plus away from oblivion and I asked myself at what point does value become deep value? Of course this is all academic if you, or your broker , ignored the warning signs given by not two, but 3 tops at the lofty $52 level. On second thought, looking at this chart, I am not at all convinced that it is a buy. It is very clearly not a 5-wave down so far so more should be coming down the road. Of course at $5 there is not much to lose. Even so it could still be 100%.