- Joined
- 6 September 2008
- Posts
- 7,676
- Reactions
- 68
Hit $5 today:bier:
TLS - Telstra Corporation
- Thread starter banjo_pete
- Start date
-
- Tags
- telstra corporation tls
- Joined
- 11 September 2008
- Posts
- 844
- Reactions
- 0
- Joined
- 6 September 2008
- Posts
- 7,676
- Reactions
- 68
Na, I want them for the yield, as long as they don't look like tanking I'll keep them long term.
Everyone's looking for yield now that's why the banks have gone berserk as well.
- Joined
- 6 September 2008
- Posts
- 7,676
- Reactions
- 68
I suspect you are right, sorry I missed the banks but glad I got TLS...........finally.
- Joined
- 28 March 2006
- Posts
- 3,554
- Reactions
- 1,283
My technical indicator has it as a buy too as displayed below. I don't have a price target as such but I am interested in "the technical indicator" and how you established your target.
(click to expand)
Attachments
tinhat
Pocket Calculator Operator
- Joined
- 1 May 2009
- Posts
- 1,756
- Reactions
- 768
I wonder if people realise that there are defensive stocks that are breaking out of their 07 highs at the moment. I've just looked at TLS and CBA on monthly charts. CBA broke above its 07 high in January. TLS is doing so now. Plenty of blue sky ahead for TLS in the medium term in my humble opinion.
PS: That said, would not be worried about a period of consolidation before another move up.
PS: That said, would not be worried about a period of consolidation before another move up.
- Joined
- 3 July 2009
- Posts
- 27,047
- Reactions
- 23,587
At last, buying TLS at $3 is paying off, maybe I will recover the money lost on the second tranche.
However jumping out of CBA at $54 and onto WBC at $19 has worked out o.k
However jumping out of CBA at $54 and onto WBC at $19 has worked out o.k
- Joined
- 6 September 2008
- Posts
- 7,676
- Reactions
- 68
I agree at some stage there will be some profit taking..............or will there be ?
- Joined
- 24 December 2005
- Posts
- 2,601
- Reactions
- 2,065
Just thought I would throw in a chart showing a potential Cup and Handle pattern on TLS. The cup is complete, it needs a bit of a pullback to form the handle. Should it resolve into this chart shape, I did the swing trade calculations for it and can see $8.40 being the target price.
Let's see!
Let's see!
Attachments
- Joined
- 8 April 2008
- Posts
- 871
- Reactions
- 0
Just thought I would throw in a chart showing a potential Cup and Handle pattern on TLS. The cup is complete, it needs a bit of a pullback to form the handle. Should it resolve into this chart shape, I did the swing trade calculations for it and can see $8.40 being the target price.
Let's see!
Ann, excuse me for asking but do you ever actually trade on the basis of this type of mumbo jumbo and how successful are you? Did you buy TLS when it was below 3.00 and if so what were your black magic charts telling you at the time. Was it perhaps a cauldron pattern merging into a broom handle or cat's tail?
- Joined
- 6 September 2008
- Posts
- 7,676
- Reactions
- 68
- Joined
- 24 December 2005
- Posts
- 2,601
- Reactions
- 2,065
Leave her alone, I'm with Ann all the way
Thank you for your kind words Mr Burns most appreciated!:remybussi
Hi Bintang
I can really understand where you are coming from!
Charts are simply the trail left behind by all the inside information and outside influences over whatever is being charted. It allows me to easily set stop levels below which I am not pepared to hold a stock. It shows all the market sentiment in a single snapshot. For whatever reason, charts tend to regularly throw up patterns of similar shapes. These patterns can hold a potential for an outcome...and I do say potential because there are no ironclad guarantees that I have actually read it correctly or that it will resolve the way I think it may.
I would never buy a stock without first refering to a chart.
I use an indicator that tells me what the general population think of a stock. It is the PVI or Positive Volume Indicator. It has been negative to neutral about Telstra so without a signal from that indicator I am hesistant to put my money on it. So no I didn't buy under three dollars and I am not likely to buy into it at all other than indirectly.
Why did I chart it? Because it was developing an interesting shape and I am like a piano player who needs to practice their scales.
*smiles a wrinkly smile, cackles, picks up the cat and heads off to the cauldron to throw in some more candlesticks!
- Joined
- 8 April 2008
- Posts
- 871
- Reactions
- 0
Ann,
Thank you for the explanation and for not taking offence at my humour.
If you are right I am more than happy to ride TLS all the way to 8.40 along with Mr Burns.
My biggest worry will be the obscene amount of tax I will owe the ATO if I cash out a that price.
Bintang
Thank you for the explanation and for not taking offence at my humour.
If you are right I am more than happy to ride TLS all the way to 8.40 along with Mr Burns.
My biggest worry will be the obscene amount of tax I will owe the ATO if I cash out a that price.
Bintang
- Joined
- 6 September 2008
- Posts
- 7,676
- Reactions
- 68
Just keep them for yield........on the other hand the Govt spends the money so wisely it's a pleasure to pay as much tax as possible
- Joined
- 8 April 2008
- Posts
- 871
- Reactions
- 0
Just keep them for yield........on the other hand the Govt spends the money so wisely it's a pleasure to pay as much tax as possible
Mr Burns I invite you to pay my tax for me when the time comes.
- Joined
- 6 September 2008
- Posts
- 7,676
- Reactions
- 68
- Joined
- 22 November 2010
- Posts
- 3,661
- Reactions
- 9
I wish I had an obscene amount of tax to pay!
- Joined
- 8 April 2008
- Posts
- 871
- Reactions
- 0
You will if Federal Labor stays in power much longer. Be careful what you wish for.
Similar threads
