[QUOTE=Snow Leopard;723001]Have you considered whether term deposits are right for you?
Thats a bit harsh :(
[QUOTE=Snow Leopard;723001]Have you considered whether term deposits are right for you?
Thats a bit harsh :(
If the share price increases from here the 50EMA will move up through the 200EMA and isn't that KW's favourite time to buy?
I hope this thing's got legs. After buying in at close to $3 I'm hoping it will reach the consensus $3.80-$4.00 valuation and happy to pick up the divvies along the way.
I am not bidding for TRA or any other share at present, other than a small order on USX market.
I have some cash,but am awaiting the reporting season results,before I decide to buy/sell anything.
I think TRA is great buying under $3.35,and note the share price remains above the 60,90,120 and 180 day, moving averages.
Business confidence hit a 10 year low according to a very recent ANZ bank survey with a net 45% of respondents expecting business conditions to deteriorate over the next year and is now at a level consistent with how business's felt during the extreme depths of the GFC.
I know Turners are much better placed than others to withstand these conditions, (80% of sales are for less than $20K and are non discretionary) but what does worry me a little is the trend with business confidence. The level of pessimism has really picked up in the last few months and if this trend continues, (from an already extremely gloomy level) I guess the worry is that companies won't have the confidence to make any meaningful capex ?
On the other hand all that extra money the Government is handing out with the families package that started last month should ensure that there's plenty of families that were previously struggling who can now afford to upgrade to something half reasonable.
Net effect...possibly minimal ?
Yes I had quite a tight stop loss on this one given I only bought in recently at $2.99. Firstly I didnt want to loose money but secondly I was more concerned about the lack of buyers. Hence I took my opportunity to get out. Others may have much bigger buffers than I had and others may be happy to hold long term for the divvy. At the moment getting out was the right decision for me. I also note Craigs have come out today warning of strong headwinds facing some companies, TRA was one of them.