The Charts tell the History. Management ability will determine the future.
Yes,TRA is a loser for me [at present].
No not selling.I have my portfolio, including TRA, as I want it.
A good balance of high yielding stocks paying increasing fully imputed divies,smaller agressive companies paying modest divies,and a few high risk specs, which hopefully my extensive research will prove they are tomorrow's absolute gems.
Market sentiment can be and often is bipolar.
The Tardus will tell the future, the charts are historic and history never repeats. Ambitous management can never be trusted, performance depends on how many free options are given. The future is unwritten. The CEO living in a 2002 people mover will install confidence and operations run from a container will ensure success.The mag wheels being flogged separately are the signal to go all in.Thats how it goes, but have a spare battery just in case.:)
Have you heard of a investor called Stan Druckenmiller, apparently he does use TA to guide him on investment decisions and he's only managed to return over 30% p.a over the last 30 years (yes that does beat Buffett).
https://www.youtube.com/watch?v=G-MlrpoMig0
A good interview of a man who seldom does interviews :)
If that truism was indeed true we should be able to back test it.
So lets wind the clock back two years and apply it.
Back then SP was about $3.50. We invest relying on managements ability to determine the future.
For 5 months management do a great job determining the future and as a result the SP rises to $3.90. Excellent. We have about a 10% rise enjoying those glorious dividends.
From May 2017 management keep determining the future. And they have delivered great divvies (Percy:- 5% - 6% PA??). One year later SP is at $3.00. Hmm a 25% drop in capital value
Never fear. We have faith in management determining the future.
Hmm. Nov SP is at $2.50. A bit over a further 15% drop in capital value while those 6% dvies have flooded in.
Do we continue to have faith in management. No!
Do the charts tell us anything?. Yes Whatever management has done is eroding shareholder wealth.
So do I have faith in Management. No.
But I do have faith in the market and management to manipulate the SP sufficiently to return me a gain on my @investment@.
Great piece of TA analysis with some FA as well. Well done minimoke.
So management (prob need to include the Board) ability has been abysmal and what they’ve done has eroded a lot of shareholder wealth.
Trend theory says the entrenched trends often need a ‘shock’ to change the direction of the trend
Time for a few sackings and getting a few decent managers maybe.