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[sharechat] TLS - 4 year low not surprising

From:	"winner69 ." <wwinner69@hotmail.com>
Date:	Tue, 26 Nov 2002 08:08:32 +0000

In June last year Phaedrus posted a TLS chart.
http://www.sharechat.co.nz/archives/2001/06/msg00370.shtml

Not unexpectedly it started the usual swap of pleasantries between Phaedrus 
and Snoopy et al.

At that time the TLS price had fallen 'straight through a previous support 
level of 565"

Phaedrus went on to say that 'Technically, the next support
is at 465"

Now the price has fallen through that 'next support' level of 465 and hit a 
4 year low today of 438.

Do those who thought back in June 2002 that TLS had bottomed out and was 
looking decidely attractive regret thinking so?

A 22% fall in price over 16 odd months is pretty dramatic to me. If the 
fundamnetals ain't changed then investor sentiment sure has.

Where to from here? - well still in a downtrend and at 438 a level not seen 
for years. Anything could happen.

Not for me at the moment







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