Forum Archive Index - March 2002

["Phil Boeyen" <pboeyen@sharechat.co.nz>]

More upbeat forecasts in the SMH this morning for those on Telstra watch:
http://www.smh.com.au/news/0203/04/biztech/biztech4.html

Phil
(discl: bought in the first tranche, sold out before the second...)


----- Original Message -----
From: "Peter" <pmaiden@today.com.au>
To: <sharechat@sharechat.co.nz>
Sent: Sunday, March 03, 2002 10:02 AM
Subject: [sharechat] TLS


> Rockbottom mentioned TLS the other day and made an interesting
> comparison between TLS and TEL
>
> Took me back to the end of last June when Phaedrus, Snoopy, myself
> and others had a discussion about TLS when its price tumbled from
> previous highs.
>
> Not surprising the discussion came down to the debate about
> fundamental views v's technical analysis etc.
>
> The TA view was quite compelling. I recall saying that renowed
> mathematician Mr Fibonacci would be convinced that A$5.50 would be a
> strong resistance level for TLS. This in line with other aspects of
> trend theory suggested that the TLS price would form a bottoming out
> pattern around this level.
>
> Look at a current chart of TLS. That is what has happened. Agree
> hindsight is a good tool.
>
> Marilyn gave her vote to the technical side earlier. Probably after
> another bottle of her favourite.
>
> However what has happened to TLS is quite enlightening.
>
> Those who have sat on TLS since last June have gone nowhere. The TLS
> price is down slightly but a couple of dividends have been collected.
> In all probability they will continue to hold and wait for the price
> to move up ...sometime.
>
> On the other hand Phaedrus (if he has traded TLS) and others using
> technical analysis have probably had three to four profitable trades
> and done quite well. Look how many times the price has moved between
> the $4.70/$4.80 to $5.50 range.
>
> That's the two sides of the argument.
>
> Cheers
>
> Peter
>
>
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