Australian (ASX) Stock Market Forum

TNY - Tinybeans Group

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Ann said:
I am still working on these candlesticks since I started to think short term. I prefer to use EOD for a long term chart.

So I check the definitions before I speak....

From an auction theory perspective, doji represent indecision on the side of both buyers and sellers. Everyone is equally matched, so the price goes nowhere; buyers and sellers are in a standoff. Some analysts interpret this as a sign of reversal.
Example of How to Use a Doji

The following chart shows a gravestone doji in Cyanotech Corp.'s stock from February, 2018 following a significant high volume uptrend, which could indicate a bearish reversal over the near-term following the breakout. Ref.
Click to expand...

these defnitions come and go and usually examined in hindsight, the bars always require indepth look, "indecision" is another word for "balance" ......it's important to note the difference it infers.....players on both sides have indecision and are decisive too, this is always the case, the bar needs to be examined on a volume basis, .. most volume print at the open from pros and then theyre gone but retailers can close out the day and cause a doji, it looks 'indecisive' but does the volume make-up confirm that idea?
..who best benefits from this "look" of indecisiveness.....keep in mind this is a question in real time...rather than seeing a doji in isolation look at it in context...if the doji has other traders "indecisive" does that make you indecisive too?

the context consists of the previous bars, not how they print, what makes them. how the volume transacted, where it transacted in the overall pattern todate, within the trend or within the chop, again, this will open the idea that the doji is in balance, yet, you have no idea of the full intent of the other players without the context of a little more data.....most importantly ideas surrounding doji's n such as singular ideas to act on serve to narrow a traders focus distracting from what's actually going on
 
Joules MM1 said:
these defnitions come and go and usually examined in hindsight, the bars always require indepth look, "indecision" is another word for "balance" ......it's important to note the difference it infers.....players on both sides have indecision and are decisive too, this is always the case, the bar needs to be examined on a volume basis, .. most volume print at the open from pros and then theyre gone but retailers can close out the day and cause a doji, it looks 'indecisive' but does the volume make-up confirm that idea?
..who best benefits from this "look" of indecisiveness.....keep in mind this is a question in real time...rather than seeing a doji in isolation look at it in context...if the doji has other traders "indecisive" does that make you indecisive too?

the context consists of the previous bars, not how they print, what makes them. how the volume transacted, where it transacted in the overall pattern todate, within the trend or within the chop, again, this will open the idea that the doji is in balance, yet, you have no idea of the full intent of the other players without the context of a little more data.....most importantly ideas surrounding doji's n such as singular ideas to act on serve to narrow a traders focus distracting from what's actually going on
Click to expand...

.....Thanks Joules, I think similar explanations such as these all those years ago and trying to follow the explanations in the books just made me go...meh, I will stay with support/resistance on EOD.
Although I think I like the little 'hammer' at the bottom or top of a price movement. That seems to be a bit of a predictive indicator so far.

Sorry verce, I have taken your TNY way off track.
 
The chart is behaving exactly as expected.
There is nothing usual happening here.

There is no mystery. There is a lot being told in the chart.
But I see people trying to form chart and fundamental
Arguments to suit their own bias.

The bias is clearly bullish.
Every bar
Every snippet of a report.

It is as it is.

I’ll post my chart later
 
tech/a said:
Another perhaps slightly opposing view.

My technical view is that it has currently run its race.
There has been enormous effort to push over $1.20
and it has fallen short.
( I think under $1 in the next few days (3)).
Click to expand...

These were your bearish thoughts on Monday night, you thought Tuesday, Wednesday and Thursday TNY would be under $1.
Tuesday it closed 96c, Wednesday it closed $1 and Thursday it closed $1.04

tech/a said:
The chart is behaving exactly as expected.
There is nothing usual happening here.

There is no mystery. There is a lot being told in the chart.
But I see people trying to form chart and fundamental
Arguments to suit their own bias.

The bias is clearly bullish.
Every bar
Every snippet of a report.

It is as it is.

I’ll post my chart later
Click to expand...

So is your chart bullish or bearish?
 
Thanks @Ann @Joules MM1 and @tech/a

The challenge in achieving the fabled '100-bagger' is having the mental fortitude and temperament to hold onto your gains. I can point out that a stock is extraordinarily undervalued - but it takes a certain kind of 'risk-on' person to pull the trigger when an opportunity such as this arises. I don't think it can be taught.

Some people like to lock in gains, some fools like me hold on for dear life. I think this is a long-term story unfolding. :D
 
The register remains very tight.

top20.png


I'm very comfortable being invested alongside Rubi Holdings Pty Ltd - the personal investment vehicle of Rich Lister John Rubino.

I think it is going to be very hard to pick up any shares around $1 for much longer.

Someone on that "other forum" found a quote from TNY's Senior Adviser which I had actually missed, but I think provides some good insight:

"Tinybeans will stand positioned as a unique commercial proposition for brand partners. I have no doubt the next 12 months will see an influx of numerous key partnerships."

-Senior Advisor Claudine Patel (former Global Senior Marketing & Innovations Director at Kelloggs - 20 billion USD company)
 
verce said:
Thanks @Ann @Joules MM1 and @tech/a

The challenge in achieving the fabled '100-bagger' is having the mental fortitude and temperament to hold onto your gains. I can point out that a stock is extraordinarily undervalued - but it takes a certain kind of 'risk-on' person to pull the trigger when an opportunity such as this arises. I don't think it can be taught.

Some people like to lock in gains, some fools like me hold on for dear life. I think this is a long-term story unfolding. :D
Click to expand...

We need to find our own 'sweet spot' when we trade, be it long term, short term, in out in out. You have done the hard yards and continue to do them with your research, I have no doubt you will be rewarded. As the duck said....
tech/a said:
What your doing is right for you.
Click to expand...
I completely agree with him.
 
tech/a said:
The chart is behaving exactly as expected.
Click to expand...

that's called bias too, the bias is for price activity to achieve what is perceived to be the correct action within the confines of an idea regardless of construct of that idea

bias is ok

bias is another word for opinion

until price prints, your thinking is front running price, when the print agrees with you it is as you expected or it is not as you expected

while there are orthodox regimes for expectancy they all stem from the same thing which is subjective... subjectivity is ok too otherwise we'd get stuck in a mode of mud
 
I honestly feel like the dumbest person in the room right now. You three are way ahead of me when it comes to technical analysis.

All I do is look at shares on issue and market cap, it serves me well about half the time. Rest is due to luck.
 
verce said:
I honestly feel like the dumbest person in the room right now. You three are way ahead of me when it comes to technical analysis.

All I do is look at shares on issue and market cap, it serves me well about half the time. Rest is due to luck.
Click to expand...

It isn't dumb or smart it is how we all look at things. We all do our best to make a good call with whatever tools we feel comfortable using and then a little luck kisses us or not! Never put yourself or your abilities down, others love to do that for us! :D
 
Never under estimate luck.
I have made more money and found
more happiness from pure luck
than ANYTHING ELSE.

But I know EXACTLY what to do when I find luck or it finds me.
(1) Leverage it and
(2) Compound it.

I also know exactly what to do if my luck runs out.
(1) Minimize loss.
(2) Make changes.

NEVER in BOTH cases do ----------- NOTHING!

So lets have a look at the analysis as of right now.

TNY 1.gif
 
Thanks for the chart. I’m going to stay the course and see this through to the bitter end!
 
verce said:
Thanks for the chart. I’m going to stay the course and see this through to the bitter end!
Click to expand...

Many years ago
A mate of mine who worked for a broker was chatting to me
and in passing said
"Ive just bought 100000 DVT.@ 6c

DVT was a tech stock and tech stocks were going off the planet.
I didnt buy any DVT. Davnet

He left 5 mths later to take up a position in Sydney.
From time to time in emails Id ask him when he was going
to sell DVT.

$2.33---$3.70 --- $5.67---$7.35

His response --This will make me a Million!
It reached not much more than $7.35 from memory.

So Id ask---when are you going to sell DVT

$6.90---$5.45---$4.60

One day he called me---I've sold DVT $3.85
$385,000.
and 25 years ago in the Sydney Suburb he was in he could and
DID buy a house he was 26.
The rest is history and he did make his million buy just not with DVT.

OH DVT disappeared and was sold.
 
tech/a said:
Many years ago
A mate of mine who worked for a broker was chatting to me
and in passing said
"Ive just bought 100000 DVT.@ 6c

DVT was a tech stock and tech stocks were going off the planet.
I didnt buy any DVT. Davnet

He left 5 mths later to take up a position in Sydney.
From time to time in emails Id ask him when he was going
to sell DVT.

$2.33---$3.70 --- $5.67---$7.35

His response --This will make me a Million!
It reached not much more than $7.35 from memory.

So Id ask---when are you going to sell DVT

$6.90---$5.45---$4.60

One day he called me---I've sold DVT $3.85
$385,000.
and 25 years ago in the Sydney Suburb he was in he could and
DID buy a house he was 26.
The rest is history and he did make his million buy just not with DVT.

OH DVT disappeared and was sold.
Click to expand...

It’s all probably going to end in tears. I can see this falling back quite easily.

But if it goes on to new highs, I’d never forgive myself. Worst comes to worst I break even.
 
verce said:
It’s all probably going to end in tears. I can see this falling back quite easily.

But if it goes on to new highs, I’d never forgive myself. Worst comes to worst I break even.
Click to expand...

I think TNY is getting a little help. As I said in a previous post last night I watched, after the bell at 4pm, TNY was sitting on $1 then at 4:10:57pm, whoosh up it went to $1.04. Frankly I don't think this sort of thing can be charted or FAed. I think it might come down to a faith thing, a belief that a higher power is looking after it! :)

Eventually if it doesn't manage to stand on its own two feet then it may go the way of DVT and all the other little pump and dump speccies.

In the meantime......
 
TNY looks bullish to me. The pattern is similar to Z1P when it was around $2.40. The pennant/flag segment has the same equal balance of bull/bear volume. Has low turnover and big spreads though, which makes it hard to get in and out.
 
Gringotts Bank said:
TNY looks bullish to me. The pattern is similar to Z1P when it was around $2.40. The pennant/flag segment has the same equal balance of bull/bear volume. Has low turnover and big spreads though, which makes it hard to get in and out.
Click to expand...

Finally - a positive take! :D
 
I just gave this a 5 star because I think it will go up for a while and unless it is $gutted it has an interesting business which I can see growing, especially if they go to China.
 
Thanks for the helpful commentary, everyone. I wonder if the chart action reflects the flip flop between bullish FOMO and an inherent difficulty in valuing TNY by the punters like me.

@verce any chance you could bring over your ultimate Guide to TNY here and the KPG Capital report?
 
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