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27-02-2019, 01:55 PM
#3151
Originally Posted by Left field
I currently have no THL and am happy with my decisions, even if you are not.
For the record, this is what I posted on 2 Nov after the profit downgrade :
Originally Posted by Balance
Sp has fallen a long way from the high of $6.85 reached in June this year so it is tempting to think that the worse is over.
A few observations:
1. The sp has been falling in advance of
i) news of negotiations to sell tourism assets &
ii) effectively a profit downgrade announced at the AGM - means there's insider information leaking out imo,
Playing field is not level.
2. First downgrade is never the last - they do come in threes,
3. This is the longest stretch (6 years) I have know THL to perform well and consistently since its days as The Helicopter Line way back in the 1990s - could 1 and 2 above signal that the at phase is over for this run?
4. Current sp is exactly where it was a year ago - so not as bad as it looks which means worse could be in the offing?
5. There were expectations of potential corporate activity after Citi took a stake. That looks unlikely now with the downturn in China equities and economy.
Prefer to be on the side lines at present - downgrades are not a risk I like to chance! Z Energy is a good example in recent times of how one downgrade begets another!
Happy to wait for review and goal reset before re-evaluating.
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27-02-2019, 03:10 PM
#3152
Member
Craigs have upgraded their rating from Hold to Buy
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27-02-2019, 03:13 PM
#3153
Originally Posted by herbert240
Craigs have upgraded their rating from Hold to Buy
Thanks for that.
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27-02-2019, 03:58 PM
#3154
Originally Posted by herbert240
Craigs have upgraded their rating from Hold to Buy
That’s good ...l.probably why share price is relatively strong today
Punters love Craig’s
”When investors are euphoric, they are incapable of recognising euphoria itself “
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27-02-2019, 04:39 PM
#3155
Originally Posted by Balance
LF, thanks for your response.
My point is that TA posters too often post hindsight observations of when a stock did this or did that, and so it was a sell or a buy.
Would it not be more useful (and to establish a track history as well) to have sold your shares in THL and posted your death cross observation? Bugger those who accuse anyone of down ramping or whatsoever - they are posters of little consequence imo.
Balance, I really think you are off on the wrong tangent. By your admission we both sold out THL at the same time and I am quite entitled to point out the TA risks of trading in THL currently while it is in a 'down trend.'
As to establishing a 'track record' I have better things to do with my life than post every day and besides in Sept/Oct last year I was overseas on holiday so didn't have the time nor inclination to post my 'trades'.
As to my track record, I am content with the profile that I have posted under my left field identity on this site. I do not need or wish to prove anything more.
I am clearly in need of a break from your ire and am happy that from tomorrow I will be in the depths of the southern alps without internet connectivity. Best wishes.
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27-02-2019, 05:00 PM
#3156
Originally Posted by Left field
As to establishing a 'track record' I have better things to do with my life than post every day and besides in Sept/Oct last year ....
As to my track record, I am content with the profile that I have posted under my left field identity on this site. I do not need or wish to prove anything more.
It's ok - you can keep posting your TA hindsight stuff.
Your track record will speak for itself, right?
Last edited by Balance; 27-02-2019 at 05:07 PM.
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28-02-2019, 01:40 PM
#3157
Up from $4.31 to $4.67 in two days!
Okay, true confessions time ... who else is kicking themselves for selling on Tuesday? I sure am.
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28-02-2019, 01:48 PM
#3158
Member
Originally Posted by oldtech
Up from $4.31 to $4.67 in two days!
Okay, true confessions time ... who else is kicking themselves for selling on Tuesday? I sure am.
I am too! LOL
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28-02-2019, 02:01 PM
#3159
Hand on the pump
Man, I had my hand right on the sell trigger. It looked pretty bleak. I have tons of OCA and THL in my ASB account, and more diverse holdings in my ANZ account. I changed the password for ASB (making it excessively complicated) and then threw it away. This way it's going to be a huge hassle for me to get back into that account and trade those shares.
I want to log back in ten years from now. That's the plan.
Originally Posted by pg0220
I am too! LOL
Last edited by cymonger; 28-02-2019 at 02:03 PM.
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28-02-2019, 02:04 PM
#3160
Member
So trading is a hard job. You never know how the SP move in next day or two. Better to look Company long-term track record and see if there are any fundamental changes in the Company. For THL, I don't see any fundamental deterioration but maybe the industry has passed peak cycle, which is marco factor and it has nothing to do with the company.
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