TLS 0.00% $3.82 telstra group limited

selling is continue, page-28

  1. 2,535 Posts.
    thanks PA for your kind comments lol I've been lurking in a lot of stocks you seem to take an interest in.

    I do agree the divvy looks so so so tempting and that cashflow is reasonably predictable in the medium term (year or two) so not likely it will be hit in a significant way.

    However just been burnt so many times on these 'it doesn't make sense' scenarios only for a left field announcement to hit me for six, of which the only clue for us retail mushrooms is the big boys behaviour prior to. That is the crux of it for me, the FF is selling, and FF is not shorting, so why? I also anticipate that on reversal there will be plenty of time to get back onboard and I do follow the 5% bounce missed = much better than getting in 5% early principle (protect your capital and all that).

    Finally I am one of those XJO retrace then bounce to 5k people so I am building a substantial cash position to go heavy on margin once the resource stocks retrace another 10% or so. So on that risk profile this is not for me at present.

    Now if it goes below 2.5 I may just have to revise my position. lol I know it doesn't make sense as 2.6 to 2.5 = piddly percentage, but geeeeeeeeze it looks so tempting if it does push so low
 
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