THL - Tourism Holdings

[Balance]

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 :

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.

[herbert240]

Craigs have upgraded their rating from Hold to Buy

[sb9]

Craigs have upgraded their rating from Hold to Buy

Thanks for that.

[winner69]

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

[Leftfield]

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.

[Balance]

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?

[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.

[pg0220]

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

[cymonger]

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.

I am too! LOL

[Lease]

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.