I sold my TYR few weeks ago at 3.90. I was hoping to do so around 4.50 but I lost confidence that it would get there.
I lack confidence for a number of reasons. Firstly, TYR has done incredibly well to get back up to it where it is but it is running out of legs. It is likely to suffer along with the other tech stocks if the FED begins talks about tapering off its stimulus. Additionally, I have started to notice an increase in competition from other punters including WPAY. With a no moat business like this - I am of the view a company needs to be on the move and operating smoothly. unfortunately, there is growing noise about class actions from their system outage for me I am happy to take my profit and see how it goes in the short to medium term.
TYR Price at posting:
$3.73 Sentiment: Sell Disclosure: Not Held
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