Forum Archive Index - February 2004

[Phaedrus <Phaedrus@techemail.com>]

Snoopy,
       You say "It is actually a low risk strategy buying something that you 
have figured out with your F/A is cheap no matter what the trend is doing." 
 I fear you have learnt nothing from your experience with TLS! In 2001 when TLS 
was still in a clear downtrend you were using the same fundamentalist arguments 
to advocate it as a hold or buy, saying "3 years down the track I would think 
potential shareholders would be very well rewarded if they bought at these 
levels." Quite the reverse, I am afraid.
 Three years ago, on the basis of the fundamentals, you couldn't see TLS "going 
as low as $5.60" (It fell to $3.96) As I said back then "Your devotion to this 
stock (because of its good fundamentals) has cost you nearly 40% in 18 months." 
 Don't forget that the point at which you sell is at least as important as your 
buying price. You made a lot of money on TLS, but gave it all back to the 
market.                              
 We both like TLS, but where you bought, held, and continued buying into the 
downtrend, I have bought and sold twice in 6 years. Compare the financial 
results of the 2 different approaches. No contest!
 I will post an updated chart separately in view of the apparent concern over 
attachments.
                        Phaedrus.
http://www.sharechat.co.nz/archives/2001/06/msg00370.shtml
http://www.sharechat.co.nz/archives/2001/06/msg00406.shtml
http://www.sharechat.co.nz/archives/2001/06/msg00411.shtml


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