Forum Archive Index - March 2002

["Peter" <pmaiden@today.com.au>]

Rockbottom mentioned TLS the other day and made an interesting 
comparison between TLS and TEL

Took me back to the end of last June when Phaedrus, Snoopy, myself 
and others had a discussion about TLS when its price tumbled from 
previous highs.

Not surprising the discussion came down to the debate about 
fundamental views v's technical analysis etc.

The TA view was quite compelling. I recall saying that renowed 
mathematician Mr Fibonacci would be convinced that A$5.50 would be a 
strong resistance level for TLS. This in line with other aspects of 
trend theory suggested that the TLS price would form a bottoming out 
pattern around this level.

Look at a current chart of TLS. That is what has happened. Agree 
hindsight is a good tool. 

Marilyn gave her vote to the technical side earlier. Probably after 
another bottle of her favourite.

However what has happened to TLS is quite enlightening. 

Those who have sat on TLS since last June have gone nowhere. The TLS 
price is down slightly but a couple of dividends have been collected. 
In all probability they will continue to hold and wait for the price 
to move up ...sometime.

On the other hand Phaedrus (if he has traded TLS) and others using 
technical analysis have probably had three to four profitable trades 
and done quite well. Look how many times the price has moved between 
the $4.70/$4.80 to $5.50 range. 

That's the two sides of the argument.

Cheers

Peter


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