Agoracom: Small Cap Investment - Probe Mines - Teck Cominco(TCK.B) continues to push higher

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Teck Cominco(TCK.B) continues to push higher

posted on Jan 05, 2009 06:52AM

In the beaten down group of the base metals shares, Teck Cominco continues to exhibit unusual daily strength. TCK.B is higher by $1.14 at $8.16. Just a few days ago it bettered some resistance in the general area of 6 and hasn't looked back since. This may be great for recent purchasers but for long time holders the stock continues to be heavily discounted from last year's highs above $50.

This recent strength of Teck can only add support to the market belittled explorers in the ROF. Even NOT is acting well today, while Probe shares appear to be slowly and methodically gathered.