Picking up shares on weakness

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Woodstock

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Picking up shares on weakness

posted on Feb 03, 2009 04:24PM

This wedge pattern for TDC will breakout very soon. I do not care which way as I will buy more if it drops below my target of .13cdn. If it breaks to the upside I am happy as I have a good position. It is difficult to purchase large blocks without moving the market higher. On the break to the upside, I personally will wait until the POG breaks through resistance in my view of $1000usd.

At the present time money is flowing to the producers so I am playing the short-term cycles to raise funds to purchase more juniors.

I hope to purchase another 400,000 shares if TDC breaks lower. There will be no rush to buy for if the opportunity arises it will give us time. If not we are going higher soon.