Tuesday, February 16, 2010

Timminco (TIM:TO)

Timminco just released news that it will be expanding its manufacturing operations because it is running at capacity due to high demand for their metals. This is very bullish news and it is why TIM surged 24% today. I expect TIM to see a sharp rally here as shorts panic to cover their positions. TIM has been in a lot of financing trouble lately so I would doubt that this rally would be sustainable. I say get out on the pop sometime this week and be happy with your modest gain.

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