TNY - Tinybeans Group

[Ann]

I wouldn't use MA crosses as an entry, they don't work over the longer term.
The wipsaw when market goes sideways kills you.

Heavens no Will, I use an MA cross above a resistance line for an entry. The exercise I was doing was simply reviewing EMA as opposed to SMA. I like to see an MA squeeze, not a cross. I prefer to test my thoughts forward rather than backtest an idea. I was just looking at something which I think has now been confirmed for me. Go with EMA on the faster MAs. Sorry folks that all sounds like gobildigook to non-chartists.

Now back to TNY....bless the dear soul! It may have turned out to be a golden crown and not a Head&Shoulders after all verce!

It was very heartening to see it climb back above that resistance/support line of $1.16. I have drawn a new trendline, let's see if it offers some rising support. Looking at the Weekly Twiggs Money flow it has remained above the 0% line and is lifting slightly. Looks like the TNY holders are remaining staunch so far.

I’m getting bored of this stock - and that’s a good thing.

Don't do that verce, TNY needs your love!

 

[verce]

Heavens no Will, I use an MA cross above a resistance line for an entry. The exercise I was doing was simply reviewing EMA as opposed to SMA. I like to see an MA squeeze, not a cross. I prefer to test my thoughts forward rather than backtest an idea. I was just looking at something which I think has now been confirmed for me. Go with EMA on the faster MAs. Sorry folks that all sounds like gobildigook to non-chartists.

Now back to TNY....bless the dear soul! It may have turned out to be a golden crown and not a Head&Shoulders after all verce!

It was very heartening to see it climb back above that resistance/support line of $1.16. I have drawn a new trendline, let's see if it offers some rising support. Looking at the Weekly Twiggs Money flow it has remained above the 0% line and is lifting slightly. Looks like the TNY holders are remaining staunch so far.

View attachment 95556



Don't do that verce, TNY needs your love!

Thanks @Ann - I may be getting bored but I'm not giving up. It's in the bottom draw!

 

[willoneau]

Ann, interesting idea to use the MA crossing over your resistance as a entry signal. Do you enter straight away or since price should be well above the resistance wait for a bounce off that resistance on a pull back?

 

[verce]

Seller @ 1.335 getting chewed up.

I predict it will be obliterated by the end of the day.

 

[Ann]

Ann, interesting idea to use the MA crossing over your resistance as a entry signal. Do you enter straight away or since price should be well above the resistance wait for a bounce off that resistance on a pull back?

I prefer to wait for confirmation of support but the pull back may not get back to resistance. It just needs to stay above resistance. In this case the price slipped below resistance but then resumed its place above resistance and above the MA. It isn't the perfect way to enter but I have yet to find the perfect entry (and exit) WIP!

 

[verce]

I prefer to wait for confirmation of support but the pull back may not get back to resistance. It just needs to stay above resistance. In this case the price slipped below resistance but then resumed its place above resistance and above the MA. It isn't the perfect way to enter but I have yet to find the perfect entry (and exit) WIP!

View attachment 95562

Looks like a bullish chart to me! But I am a simple man. If I see lines going upwards - that's a good thing.

 

[Ann]

Looks like a bullish chart to me! But I am a simple man. If I see lines going upwards - that's a good thing.

Got it verce! I think we will make a chartist of you yet. The biggest secret to charting is KISS. Lines going up, lines going across, lines going down. Everything else is window dressing!

 

[barney]

Seller @ 1.335 getting chewed up.

I predict it will be obliterated by the end of the day.

Its a bit tricky to read this one at times. Whoever is controlling the 374 BOT is dictating where the price will go at the moment. He has been accumulating to as high as $1.33 this morning, but has now joined the sell side and dropped his buy orders to as low as $1.155 …. It looks like accumulation and if it is they will want their quota before pushing it higher ….. The good thing for holders is there seems bugger all Sellers interested at less than $1.26 ……

As long as it stays above $1.19-$1.20 today (yesterdays Volume area) its behaving ok. I think they are all at lunch at the moment though

 

[verce]

 

[verce]

New Substantial Shareholder today - a high net worth individual who recognises the potential here.

Big endorsement and big validation.

 

[peter2]

TNY may finally have enough volume to make it through my week end scans. Not certain, we'll see. The reason I'm posting is that the daily chart is looking quite bullish. There's not enough daily volume traded for me yet, but there may be if price breaks through 1.50 resistance.

 

[MARKETWINNER]

When evaluating companies, once characteristic that Peter Lynch finds particularly favorable is:
There is a low percentage of shares held by institutions, and there is low analyst coverage--Bargains can be found among firms neglected by Wall Street.

 

[verce]

When evaluating companies, once characteristic that Peter Lynch finds particularly favorable is:
There is a low percentage of shares held by institutions, and there is low analyst coverage--Bargains can be found among firms neglected by Wall Street.

Well said! Really admire Peter Lynch and there’s a great video of his I linked earlier in the thread.

Feel like I’m on to a winner here!

 

[verce]

TNY may finally have enough volume to make it through my week end scans. Not certain, we'll see. The reason I'm posting is that the daily chart is looking quite bullish. There's not enough daily volume traded for me yet, but there may be if price breaks through 1.50 resistance.

View attachment 95598

Liquidity should hopefully increase with price.

 

[aus_trader]

Don't want to bring the mood down on this party.

But when it comes to "smallest, most illiquid stocks" being talked about I have a concern so let's bring a spoonful of reality here. Most of these type of stocks end up in the bin and either disappear bankrupt or sit in the dusty closet forever without being discovered. Unless verce brings out one of these out of the closet and dusts it off and wears it out proudly so that people start to notice...

So what's the track record like when there is such hyped talk about owning the "smallest, most illiquid, least institutionally owned" stocks ? Winning or just talking sh#it ?

 

[verce]

Don't want to bring the mood down on this party.

But when it comes to "smallest, most illiquid stocks" being talked about I have a concern so let's bring a spoonful of reality here. Most of these type of stocks end up in the bin and either disappear bankrupt or sit in the dusty closet forever without being discovered. Unless verce brings out one of these out of the closet and dusts it off and wears it out proudly so that people start to notice...

So what's the track record like when there is such hyped talk about owning the "smallest, most illiquid, least institutionally owned" stocks ? Winning or just talking sh#it ?

Looks like we all fell for the classic bull trap from 20 cents to $1.30 - thank you for saving us from our folly!

 

[aus_trader]

Looks like we all fell for the classic bull trap from 20 cents to $1.30 - thank you for saving us from our folly!

I am not talking about TNY. This is a one off. I would not have bought it at the 20c level because the bid to ask was wider than the Grand Canyon. Even now it can be pretty wide, I've seen it as much as 10c apart even though the price is above $1. Like P2, I may consider it if the volumes increase and there is tight bid/ask spread so that it can be bought and sold cost effectively.

What I am interested in is comments from "Ian Cassel" that was posted. Is there any evidence that overall performance from shares bought in the ""smallest, most illiquid stocks"" is profitable if every purchase is considered over a period of time (and not Cherry Picked for winners only) ?

 

[verce]

I am not talking about TNY. This is a one off. I would not have bought it at the 20c level because the bid to ask was wider than the Grand Canyon. Even now it can be pretty wide, I've seen it as much as 10c apart even though the price is above $1. Like P2, I may consider it if the volumes increase and there is tight bid/ask spread so that it can be bought and sold cost effectively.

What I am interested in is comments from "Ian Cassel" that was posted. Is there any evidence that overall performance from shares bought in the ""smallest, most illiquid stocks"" is profitable if every purchase is considered over a period of time (and not Cherry Picked for winners only) ?

I think Ian has a good track record on microcaps - the folks over at Ethical Equities (https://ethicalequities.com.au/) follow a similar method with great results.

I recommend reading:

https://twitter.com/claudedwalker

https://twitter.com/Fabregasto

And there's a great post about their general approach here:

https://ethicalequities.com.au/blog/the-gent-manifesto-my-journey-and-investment-process/

Sorry if I came off a bit snarky - I was just trying to be funny!

 

[aus_trader]

I think Ian has a good track record on microcaps - the folks over at Ethical Equities (https://ethicalequities.com.au/) follow a similar method with great results.

I recommend reading:

https://twitter.com/claudedwalker

https://twitter.com/Fabregasto

And there's a great post about their general approach here:

https://ethicalequities.com.au/blog/the-gent-manifesto-my-journey-and-investment-process/

Sorry if I came off a bit snarky - I was just trying to be funny!

All good vercey, I understand the humor. I wasn't having a go either but I am skeptical when people make comments like that. Because I know from personal experience what happens to a lot of the ultra-speculative investments that have exactly those characteristics mentioned: ""smallest, most illiquid, least institutionally owned"".

Well done on the TNY run so far... As I said these days I wait for the share to have sufficient liquidity and trading volume, similar to what was mentioned by peter2 earlier. TNY is getting up there so I may have a bite and see what happens in the near future.

I'll have a look at past performance if I can access it from your links provided. Thanks.

 

[verce]