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clock Created with Sketch. 22/07/14
10:02
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Originally posted by Rob007
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I find it interesting to know why people have bought in and are continuing to hold. I personally am more into technical analysis and trend following. TNG has been on my radar for some years now and is looking to be in a serious trend and is currently in the lower range of that trend. I decided to enter this stock with a small number of shares when the Hyundai announcement came out. Against my rules, I have averaged down because I think the fundamental analysis is too compelling. I still have a plan to manage my risk as I don't pretend to know the future, but strongly believe this latest run up is the real deal with plenty of pen to paper with serious players. TNG may not have any binding agreements yet but they are in the midst of the most serious discussions they have ever had, the seriousness of which is reflected in the share price, which is 5 times higher in recent months. The current price range is clearly in a zone of accumulation with large blocking orders as well a strengthening buy side. Now is a great time to be involved with this great company at a great price and that my friends is why I own shares in TNG.
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I bought my biggest package (still tiny in the grand scheme of things) at the peak, but I'm not at all dismayed. Given the potential of this stock, I figure it's more important to be on the bus than to chase the best possible deal - particularly when the volumes I'm playing with make it expensive to split into multiple transactions.
