Australian (ASX) Stock Market Forum

TNY - Tinybeans Group

Jump to new
Hi all

I'm not too worried. Stocks rarely go up in a straight line, unfortunately. I think it will be worth seeing how the rest of the year unfolds.

Cheers
 
barney said:
TNY is very illiquid so its pretty difficult to make any assessment on how the short term price action will play out T/A wise ….
Click to expand...

It is illiquid barney, at least there are a few more participants standing in line to buy and sell now. Although I note the 33 trades for the day averaged out at $2,289.00 each. It looks like people are putting their toe in but not very deeply. I guess they are interested but cautious, which is very reasonable.

Even if a chart is illiquid I can still chart it. The laws of support and resistance and seller pressure are there and as tech/a pointed out there were volume spikes on the first and second of April. Although I noted at the time on Twiggs Money Flow, those spikes were actually outflows.

Anyway, who knows, years from now we might be saying to each other, I could have bought that for .55c now look at it it is a $200 share!! :p
 
verce said:
Hi all

I'm not too worried. Stocks rarely go up in a straight line, unfortunately. I think it will be worth seeing how the rest of the year unfolds.

Cheers
Click to expand...

Good luck with it in the longer term Verce …… You have done your research, and like the Company …. back your own analysis;) ………

if @Ann suggestion of a multi bagger comes to fruition …. just remember your mates here on ASF:p:D
 
Here is a chart for Verce, not so exciting as the last one but nothing to worry too much about, it hasn't collapsed through any important supports. Finally the 'punters' have seen TNY as reflected in the Positive Volume Index. Let's see what today brings.

tny 16.4.19.png
 
verce said:
Thanks Ann! I am not going to give up hope!

I saw that Tinybeans were featured in Forbes in the US, which is not a bad bit of media coverage.

https://www.forbes.com/sites/meimei...social-network-based-on-privacy/#3b2050bb5e5d

In an era when privacy issues have risen to the forefront of consumer consciousness, when companies like Facebook are getting reamed for sharing our personal, private data without our knowledge or consent, Tinybeans seems ahead of its time.
Click to expand...
Great signs of confidence based on research. Not a holder but hats off @verce
 
Miner said:
Great signs of confidence based on research. Not a holder but hats off @verce
Click to expand...

Thanks Miner.

I am optimistic that what we are seeing now is greater general interest, and consolidation around the 50 cent range. This stock has a habit of trading sideways for a while, followed by sudden strong moves upwards.

I hope that this has encouraged people to do some additional research on their own, and come to the same conclusions that I have.
 
Nice figures Verce.
Looking at the chart for this week's action, I can see a short term support/resistance line between .60c and .61c, it needs to overcome this to make it's next attempt at .70c resistance.
The weekly money flow is pointing up again. There was a big volume spike yesterday with 32 trades averaging $7,938 much better result than ever before. I think it is on its way. Nothing like a good price spike to get the attention of the punters! :)

tny18.4.19.png
 
Ann said:
resistance line between .60c and .61c, it needs to overcome this
Click to expand...

Agree …..

Technically:

Until it does that, the current wider Range looks 54-61 cents ….

Given yesterday's small gap open at 58 cents, in a perfect world (hopefully @verce world;)), it won't trade below 57 in the short term …..

And if the Supply at 60-61 dries up, who knows:D


Fundamentally:

Not sure how up to date my numbers are, but Market Cap was $12 million before the spike, so around $18 million currently??

Employee expenses/administration costs have been greater than Income till recently so hopefully the new contracts will get them cash flow positive which would make a huge difference.

Early days and the Co. is doing well ….. Good management will be the secret as always with Small caps. You are in early Verce so good luck with it:)
 
Thanks Barney. Your market cap is pretty much correct. There are 32,948,934 shares on issue.

The Top 20 at last count own roughly 75% of the stock.
 
verce said:
Thanks Barney. Your market cap is pretty much correct. There are 32,948,934 shares on issue.

The Top 20 at last count own roughly 75% of the stock.
Click to expand...

I like that number!! That gives the current SP rise/volume more substance especially if the Range stays tight and above 57 cents. Why do I say that? I'm glad you asked:p

My :2twocents .. The ratio of those buying at the recent lows and the amount traded at the recent highs is still potentially weighted to a bit more profit taking, but the weighting is not huge …. that's a plus.

In the short term, the more Shares that change hands around the 60 cent level by anyone other than Top 20 Holders, the better;) ie. Replace the Profit Takers with New longer term Investors or Traders anticipating a higher SP.

The next few days trading will tell a better story but solid (not ultra) Volume is important at the moment.

TNYend of week.jpg
 
verce said:
I take inspiration from this guy:
Click to expand...

Hats off to Peter Lynch ….. apart from being a smart chap and a smarter Investor …. he is a really funny dude:roflmao: ……

Educational Financial speakers are not generally known for their amusing repartee.

This however is good value on a couple of levels:D

His hair however is a bit scary:eek::p
 
Solid day - I guess the question in everyone's minds is can we break through 70 cents? I'm inclined to say yes. :xyxthumbs
 
Top