Yes, it's a crazy old strategy called "Buying low and Selling high".Actually, the prospects are still the same but I know what you are getting at - you are saying that the lower the price paid the better. Do you have any evidence to support this wacky theory?
TZL hit a new low with 28c. UBIQUITOUS, do you still have unwavering faith in this stock? (this is not a personal attack) i'm jsut trying to comprehend where your confidence is derived from
Quarterly is due out tomorrow. I bought the last of mine this week to bring my average down to 90c, and am well and truly locked and loaded. I have absolute faith in the tech and the board's ability to deliver. There are FAR too many clues in the announcements to tell us that this ship is steered in the right direction but it looks like nobody has noticed.
What's that old business saying? Something like..."you snooze you lose"
I hope all took full advantage prior to the TH. I would guess that we are around the bottom here as the price had gone down due to TZ's debt problems. They look as though they may finally be resolved.
Happy times ahead for the long term holders?
Oh, I'm dead right about this company. Maybe you should take a closer look before passing judgement.
I have now formed the base of a very big pyramid in the 40's. My average is in the 60's. It is time to reap what I sowed.
Up 20% since in a week. I guess there is a perception that the bottom was in around at 40cents. One of my better calls
TZL is ticking up. Up 35% in a little over 1 week. I think we have a very interesting near term future ahead of us. Whether this was the buying opportunity of a lifetime, time will tell. I feel very confident though.
Anyone notice a pattern here?
Maybe you've finally got it right UBIQUITOUS? How many times have you averaged down now?
I really do hope this company does eventually turn it self around for the share holders but the balance sheet is still looking terribly weak and there is still every chance this company could fold.
We are currently working on several initiatives which we believe will help to raise much
needed market awareness of the Company, allowing us to emerge from the adverse
events of the previous 12 months and to stand up as a globally recognized technology
leader that we can all be proud of.
With all due respect, the above comment is pretty naive. It is atypical of people who do not follow certain stocks closely but jump in with their 'insightful analysis' after '2 minutes of research'. The balance sheet which you scanned is very out of date, and your comments suggest a lack of understanding of how technology stocks are valued. Perhaps you should have waited another couple of days for the 2010 full year accounts, and looked at those instead?
There are many many other factors which need to be considered before the light is seen, and not just a scan of an aged balance sheet. The market is forward looking, and that is especially true for technology stocks. For a start, you should be looking at revenues. The balance sheet, being a historical snapshot, will always be out of date. If you value a company on that alone, you will always be several steps behind.
So with that in mind, perhaps you would comment on the forecast of 100% increase in revenues, and to be profitable within 10 months? There are so many other fundamental indicators which you really should consider before casting judgement.
This is the problem with chartist's. They think that price and volume represents everything. Watch how TZ unfolds and you will see that it is fundamental analysis, and not t/a, which shows the unpolished diamonds.
In my opinion there is no stock on the ASX which is as undervalued as TZL. But let's see what eventuates over the future, and see who is proved right.
Yeah the fact the company had to borrow $4 million @ 10% pa "to ensure the on-going viability of the Company in the first instance" & "commence the implementation of its plans" isn't a problem at all, it's balance sheet must be strong as. If you think there is no risk of this company going under you are deluding yourself imo.
http://imagesignal.comsec.com.au/asxdata/20100714/pdf/01079163.pdf
lol, just look back through this thread and see how many forecasts & bullish predictions have failed to eventuate.
The market is forward looking and look at the way the sp has headed over the last 2 years, what does that tell you? The market is pricing in the risks associated with this stock that's what!
There comes a time when stocks like this actually have start delivering on the hype that management and it's followers create and TZL is now in that position, so until it does actually start reaching some of these forecasts they mean very little imo.
Due to the illiquid nature of TZL it is near on impossible to trade off the charts. And while I may trade with charts most of my longer term investments are done via basic forms of FA analysis but losers are still cut very quickly.
SMA, NWH, MMS, MND, CCP are all stocks I've used this method on and are all now free held. So while you've been holding onto a losing stock I've been building a free held portfolio that provides some income as well as letting me have my original capital to re-invest as I see fit. Hence my comment about opportunity cost.
lol, again, I don't really care whether this stock goes to 1c or $2 from here and I'm not saying it will go either way so if you're right good on you, all I'm saying is there are better ways to manage investments on the stock market.
If I ever do see any sort of opportunity that out weighs the risks with TZL I will look at investing in it but atm the risks are too much imo.
With all due respect you are in a position now to totally destroy your life and your family's.I have averaged down since $4, with over half of my shares being acquired around 40cent. I now have close to 1 million shares, at an average of about 60c. This pyramiding is a strategy which will work for me .
With all due respect you are in a position now to totally destroy your life and your family's.
This is an utter disaster.
I have followed this for a very long time and followed all the comments and made my reservations some time ago.
For your sake, I hope it survives.
There you go again, and end up providing another example of what I meant by you not looking into matters enough before casting judgement. If you looked into things just a little further, you would have seen that $4.1m is from TZ's largest shareholder (QVT) and will almost certainly be by the way of convertible notes. The same shareholder has already converted $12m of debt (convertible notes) into shares at $1 only 6 months ago. So in effect it is not much different to a placement that is commonplace for many stocks, and is in effect an endorsement of TZ's prospects
Good luck UBI ! May the force be with you on this one. I mean this sincerely BTW. I hope you do make good ...... truly.
Quick maths lesson .... 1 million shares at 60 cents is $600,000 AUD right?
The fact is TZL still needed the money "to ensure the on-going viability of the Company in the first instance" & "commence the implementation of its plans", cutting things pretty fine there wouldn't you say?
Also in that announcement they don't sound overly confident of making their forecasts, seem to already be providing excuse for not hitting them.
Anyway I'm done with this conversation, good luck with your investment.
Like I said, TZ is going to be a lesson for the chartists that price is not always an indicator.
Freecarrying is a silly strategy in my eyes. You can just as easily end up with some free stock that goes nowhere. If you trust your judgement, then there is no need to freecarry, unless of course you need you capital back because you trade for income. I think people 'freecarry' because it makes them feel good about having stock which they didn't pay for.
Reality check: most capital raisings for microcap companies are 'to ensure their ongoing viability'. Don't tell me that you didn't know this, and I'm betting that you have traded some of these stocks. Now want would have happened if your stock had gone directly into a suspension and then been declared insolvent? Your stops certainly wouldn't gave saved you.
On the contrary, when the charts start to show some sustained improvement you can be pretty sure that TZL's prospects are on the up.
I'm staying on the sidelines until then.
Hey TS, gee that's some nice genuine sentiment from somebody who been demonstrating a certain amount of resentment towards me on the property thread.I'm flattered that you followed me here to wish me financial wellbeing! It's a little creepy, but I'm flattered nonetheless!
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