TRA - Turners Automotive Group [previously TNR - Turners Limited]

[BlackPeter]

Interesting chart ...

InkedTRAbot.jpg

RSI (upper red circle) is shockingly low - and does not show any inclination to cross back over the 20 (which could be an indicator for a trend change) ...

Downward momentum (lower red circle) seems to fade ... but the last times it did that it didn't do the SP any favour.

Volume (second last graph) was yesterday a bit higher - but if you look back in time, the peak was in no way outstanding, we had plenty of higher ones on the way down to where we are. Sometimes these spikes caused subsequenty a wee dead cat bounce and often they didn't.

Maybe TA specialists like Moosie or Hoop could read more out of this chart, but I see so far just a shocking and unrelented downtrend ... and no indications yet for a change.

And no winner, while I don't think my typical trade packages would have made a huge dent into yesterdays volume - just for the record, I didn't buy (well, not TRA ).

[couta1]

Waiting for a punter to hit the $2.16 button.

[BlackPeter]

Waiting for a punter to hit the $2.16 button.

Well, here is your opportunity to sacrifice yourself for the common good ;

[couta1]

Interesting chart ...

InkedTRAbot.jpg

RSI (upper red circle) is shockingly low - and does not show any inclination to cross back over the 20 (which could be an indicator for a trend change) ...

Downward momentum (lower red circle) seems to fade ... but the last times it did that it didn't do the SP any favour.

Volume (second last graph) was yesterday a bit higher - but if you look back in time, the peak was in no way outstanding, we had plenty of higher ones on the way down to where we are. Sometimes these spikes caused subsequenty a wee dead cat bounce and often they didn't.

Maybe TA specialists like Moosie or Hoop could read more out of this chart, but I see so far just a shocking and unrelented downtrend ... and no indications yet for a change.

And no winner, while I don't think my typical trade packages would have made a huge dent into yesterdays volume - just for the record, I didn't buy (well, not TRA ).

I don't see any TA indicators that show any trend reversal however a big fish accumulating could turn things around in short order.

[Beagle]

Well Turners acquired 163,000 of the 300,000 odd shares yesterday

Balance must have Couts, Lac, Percy and Scotty and maybe even beagle buying up big time ...doubt of BlackPeter was buying ,...and I resisted the temptation to average down big time seeing the bottom has been reached.

Thanks mate. Always good to have a good laugh at least once a day.

[Balance]

Looks like short-covering - very nice profit to cover while Milford is still dishing stock out?

Will get excited if insiders are buying!

Have a look at MHJ if you want to see how a stock gets oversold but the smart money bought - case of directors putting their money where their words are and buying stock.

TRA?

No signs of directors buying - instead one sold!

[winner69]

Wandered into Wellington City site

• About 40 cars but no customers but it was quite early in day
• Sales consultant (won’t name him as Todd might tell him off) said action was a bit ‘slack’ in the first few weeks of opening but steadily picking up as time goes by
• Running ahead of target if that means anything
• Wouldn’t tell me how many sales they make a week
• Apparently the Porirua site sales had not been affected by having the two sites in Wellington area
• All the cars were discounted ...but that’s the old car salesman trick eh
• Even had a Merc for sale

Just another car yard ....not really my things ng but need to do my ‘homework’

Should have listed the regos and go back in a couple of weeks ....and probably see most of them still there

[winner69]

We are on a roll ...cool

Don’t think we will ever see 215 again

[winner69]

Google celebrating the life of Olga Ladyzhenskaya today bought back memories of when I did that sort of stuff .....should have stuck with it instead of being a foolish holder of Turners shares

But looking good at the moment

[couta1]

Beagle be gnashing his teeth now that he knows he got the sub $2 call wrong.Lol