TPM tpg telecom limited

Whole number technical level, aka 'Double Zeros'. Humans like...

  1. 205 Posts.
    lightbulb Created with Sketch. 14
    Whole number technical level, aka 'Double Zeros'. Humans like patterns and simplicity so $5 fits our psychology nicely. Not a very good reason to place your buy order but people naturally gravitate regardless, myself included. I've bought today as a first time holder and long term watcher of this company.

    My reasons are less technically based (though admittedly I'm hoping others see a technical support line at $5) but more as a value play. Historically well run company, big vision, super lean operation, conservative to the point of reclusive management, a near endless pool of money from major shareholders Soul Patts for growth funding and all for a PE of just 10 times forward and a 2% Divvy!!! Bargain!

    Is this the bottom? NO IDEA....but i think it must be close and i'd be happy to continue dripping in at these levels.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.