Burnsie there seems to be two types of profitable traders. Those that are very lucking putting a lot on one or two stocks and getting on an incredible ride and the other type are the ones who know how to skew the numbers in their favour over 100s of trades. Not just the next one.
But only 1 of the above types ever become long-term profitable traders.
Seems very unwise to not plan or control risk with so much cash, only asking to be at the mercy of emotions.
I'd tend to agree as per the second part of my post above.Wow down to $3.89 I dont think I'd risk enough to make any worthwhile profit.
If it goes back up 20c invest $100,000, you only make $5,000 invest $500,000 = $25,000 that's worthwhile but the risk is greater too, or you could lose the same.
If however it's someone else's money, ................................You're right, gut feel comes into it far too often , I've lost a bit over the past 5 years following "tips" from brokers on Business Tonight (or The Business as its now called) Charlie Aitkin comes to mind
If however it's someone else's money, ................................
I was being a little cryptic (and humorous I hope), but I'm simply saying that it's easier to risk someone else's money (or provide advice to that effect) than it is to risk one's own.
With the latter, you bare the full responsibility of the outcome.
Sorry if any of this post is presumptuous and/or inappropriate.
This is more interesting than any action movie
Have you any buy price in mind Mr B?
No buy price rick, I'm just trying to work out why this stock vasilates so much, seems when times look bad it rises and the opposite when things look OK again.
Where it ends up is anyones guess, but I'm a bit concerned the Libs might change the NBN somehow and what effect that might have.
All things considered I'll probably just sit on the fence, primarily because I dont know any better.
TLS closed today at $3.76, it goes Ex Dividend on 20th Aug. paying a $0.14 dividend - $0.20 if you include the franking credit - paid on the 21st Sept.
If you buy TLS tomorrow at $3.76 , deduct the $0.20 grossed up dividend you're going to receive on 21st Sept. you're net cost is $3.56.
They project the next year or so dividends to stay at $0.28 - grossed up to $0.40.
$0.40/$3.56 = 11.235% yield - using the franking credits.
Sure, you've got to wait a while to claim your franking credits but I think that's still a pretty good return, especially in today's low interest climate.
I'm in a SMSF pension mode so it's tax free and I can claim the franking credits.
I've accumulated TLS over many years, from $1.95 T1 (remember?), to their high, around $9.00 down to the low, around $2.65 not so long ago.
I think if plan on keeping them long term and they maintain their dividend, 11% is a pretty good ROI.
Regards from Peter.
TLS still going down and I've no idea why.
At least I didnt buy in a week ago.
TLS still going down and I've no idea why.
At least I didnt buy in a week ago.
TLS big dive today, I've given up this guessing game.
TLS big dive today, I've given up this guessing game.
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