Afternoon everyone
I was doing some research on TZL for a relative, after they bought some in their super fund. I came across this forum and found it a most interesting discussion, as most of what is being discussed flies in the face of everything I have been taught about trading from some quite successful traders.
As far as I can see, on a weekly chart (unless you're a day trader, why would you use daily charts), this stock has been in a steady down trend since the week ending 28 September 2007, yet people are still wanting to buy in due to a proposed listing in the US and lord knows what other possible contracts, with the hope that the share price will spike.
The short term MA crossed down through the medium term MA at the end of January and Volume has been in a down trend since the middle of September.
Am I missing something here? I was taught, buy in an up trend and sell in a down trend. I was always taught to trade with the market and be rigid with my stop losses - 2ATR (15 day) and I am out of there. No thought, no emotion. I was taught not to read or listen to announcements in the media, as the market will tell you everything you need to know. When this share reverses its trend, the market will tell you so. You may not get in at the bottom, nor out at the top, but that's fine.
I am just astounded that so many want to keep buying a stock that is trending downwards and then holding onto it past any reasonable stop loss in the hope of what may come.
What happened to the basics of trading with the sentiment?
I just can't justify to my sister keeping these shares and have advised her to cop the loss and sell. When and if the hoped for announcement does come and the stock reverses its trend, I will possibly advise her to climb aboard, if the company's fundamentals are sound, which I have not as yet examined.
I don't want to cause any angst here in this forum, guys, but everything about what has been discussed re: TZL just defies any trading logic at all. Buying or holding shares because of what might possibly happen in the future is fraught with danger. Trading is about probabilities, not possibilities.
Maybe the stock will spike to $15 and you'll all be crowned legends. It still doesn't make it right, fundamentally.
Cheers
A large Aerospace company, who requested not to be named at this time featured Intevia ®-enabled access panels for aircraft in a secured area of their exhibit booth which demonstrated IFT guarding against unauthorized access
INTEVIA WINS PRESTIGOUS WORLD SUPERYACHT
AWARD IN TECHNOLOGY
CHICAGO, ILLINOIS, USA – 21 April 2008 – Intevia ® Intelligent Fastening Technology (IFT) has been awarded the coveted Boat International World Superyacht Award in the Technology category at a gala event held 18 April in Venice, Italy. This prestigious award,
The Neptune, was presented by Boat International Media, the world leader in superyacht publishing for over 20 years.
Overall, the World Superyacht Awards celebrate the excellence in innovation and technology that goes into designing, engineering and constructing the world’s most exceptional superyachts. A panel of superyacht owners and respected industry professionals including project managers, captains, naval architects, shipyard owners and engineers chose Intevia ® Intelligent Fastening Technology as the best entry in the Technology category.
Business Description
TZ Limited (TZL) invents and develops a range of intelligent fastening devices with the potential to replace traditional screws, nuts, bolts and latches etc. in a broad range of applications. The Intevia branded devices use miniature electronics, sensors, wireless networking and shape memory alloys to allow remote and secure operation making them suitable in areas where security and convenience is beneficial.
Company Strategy
TZ receives design and engineering fees for developing custom Intevia applications for its customers. The commercialisation process requires Early Adopter Customers to make an initial commitment once an application opportunity is identified. Once the custom application is developed and approved by the customer, a purchase order for production volume levels is issued. By 2008, the company had secured commitments from twelve Early Adopter Customers with one converted to the production volume PO stage. In early 2008, TZ raised A$24 million to scale up engineering and sales resources to service and grow its Early Adopter Customers base who have so far identified more than 90 application opportunities. In 2007, the company released indicative figures for Intevias potential market based on 37 application opportunities identified by its twelve initial Early Adopter Customers. Revenues from Intevia are potentially greater than US$100 million by 2010. A NASDAQ listing is planned for2008. TZ reported positive cash flow of $5.82m for quarter ended 31 December 2007. Operating cash flow for the period was $(4.89m). Investing cash flow was $(375,000). Financing cash flow was $11.09m. Cash in hand at the end of the quarter was $10.72m
some take more notice of what a name broker or analyst says than what unidentified posters so here is what comsec says:
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