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For the millionth time, TGB is manipulated

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November 02, 2010 – Comments (12) | RELATED TICKERS: TGB

I don't say this stuff because I am some sort of cynic, because I am not. I have said multiple times before that tgb is a very manipulated stock. It drops like a rock, THEN the news comes out. Every single time, people tell me I'm wrong or that I'm out of line or stupid, etc

How many times does tgb have to drop 30% in a day before you guys stop falling in love with it? Stay the hell away from it. Seriously, I'm trying to save you guys money

Great company, bad stock

12 Comments – Post Your Own

#1) On November 02, 2010 at 7:48 PM, 100ozRound (29.44) wrote:

I responded to your response to my blog.  I don't feel like typing it again.

http://caps.fool.com/Blogs/taseko-mines-gets-hit-hard-by/468359

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#2) On November 02, 2010 at 7:49 PM, 100ozRound (29.44) wrote:

Dehr - I coulda just copy/pasted - oh well...

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#3) On November 02, 2010 at 10:06 PM, MegaEurope (21.47) wrote:

TGB was more or less flat today, then dropped around 30% at 4:34 when the news hit.

No clue what you're talking about.

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#4) On November 02, 2010 at 10:21 PM, topsecret10 (< 20) wrote:

MegaEurope   Were you around for the "flash drop" a couple weeks ago?  Fell 2 1/2 bucks In 5 to 10 minutes....  Then came back.  Stock has been all over the place....  TS

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#5) On November 02, 2010 at 10:48 PM, MegaEurope (21.47) wrote:

I bet you weren't complaining when it ran way up on little news in the month before that.

Stocks are volatile, stocks that are expecting major regulatory news are very volatile.

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#6) On November 02, 2010 at 11:02 PM, ikkyu2 (99.32) wrote:

If your time horizon is less than 3 months, you are a fool to trade stocks, any stocks.  You would do better playing chess against Deep Blue, because that is the kind of computational resources you are trying to compete against.

Over the long haul, these little blips don't amount to anything; stock seeks its true value.  But in the short term you will be eaten alive by sharks.

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#7) On November 02, 2010 at 11:18 PM, Valyooo (99.40) wrote:

ikkyu, I am going to have to disagree with you. 

1) If insiders are playing with this stock before you get the chance to, you will be destroyed by the stock, doesn't matter your timeframe.  You will never be able to find mispricings in a stock, when you are the last to get the information.  Huge 30% drops do amount to something, all of the time

2) There are plenty of short term ways to make money that have nothing to do with outsmarting frequency trader machines.  Stocks can way overreact to something, and makes it a nice oversold bounce candidate. Also, certain stocks on my watchlist often have days with a very easy to define intraday trend, buy some calls and make a 10% gain in one day. Forced selling in MTB, C make for good short term trades. Buying gold at the end of august and holding it throug september works most of the time.  The january effect usually works if you do it right.  If every big tech name had a huge run up and is selling off on earnings it is easy to do for the next one (a bunch sold off, so i bought AMZN puts and made quick money). Trading the fed days has worked for me evey time (opens down, finishes up...buy puts the night before, buy calls before 2:15: the next day...not doing it tomorrow because of elections though).  When a stock announces a take over, it jumps insanely, but is still far off from the take over price.  It usually comes close to closing that gap the next day.  If companies report a new item coming out that could add great revenues, it usually runs for a few days.   There are also a huge amount of seasonal trades.  Also, when big name companies get to 30 on the RSI they almost always bounce back the next day.  Riding short term technical trends work often as well.

Obviously these don't always work, but if you put an equal amount of money in each time, and cut the losses quick and let the winners be big, you can use the probabilities to take advantage of the spread (win 80% of the time, lose 20%) and make big money.

Long term movements are made of a bunch of short term movements is how I have always felt.  I don't know much about how to evaluate companies, but I am decent at analyzing the stocks themselves. For instance, Cramer just sold TEVA because of fear...every time hes done that the stock rebounds big time.  Watch that stock, its a good short term trade.

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#8) On November 02, 2010 at 11:50 PM, HarryCarysGhost (99.69) wrote:

O.K, this was a move at less then a dollar to the downside. I can't even remember why I  passed on this Co. but I did

So what's the big deal, if you like it Buy.

I'm going with that whole Buy low, Sell high theory

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#9) On November 02, 2010 at 11:53 PM, Valyooo (99.40) wrote:

If you like it, you can buy it. What if I told you how much I loved Enron when it was starting to break down. After a 50% drop would it have been a good idea to buy it low?

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#10) On November 03, 2010 at 12:03 AM, Valyooo (99.40) wrote:

Sorry if that sounded dickish...its really hard to not on the internet.

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#11) On November 03, 2010 at 1:06 AM, HarryCarysGhost (99.69) wrote:

Sorry if that sounded dickish...its really hard to not on the internet.

Ha!!! No problem!

It seems like neither one of us is big on :

TBG- I'm sticking with ECX, and SPKL+ Heres hoping were millionares in a few years-

Cheers + Beers ********

 

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#12) On November 03, 2010 at 5:24 AM, KurtEng (31.49) wrote:

In my opinion, great company + volatility = great buying opportunities. Sure it dropped 25%, but I'm still up after owning it for a few months. If the company truly is great, the price will eventually equilibrate to reflect that.

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