TXN needs to prove things up to provide confidence.
The SP did get ahead of itself, it is at 12 month lows, I can only value it at current performance and not on EFS 3 and 4 or on land values that surround TXN patch.
Deliver on EFS 3 & 4 will certainly improve the SP but TXN no longer as the premium it once enjoyed, if anything it is starting get discounted and that is not good.
I got damn lucky on last Thursday when my remaining sell got hit at 0.60.
Lesson is take profits when SP gets hyped up, that April top was a gimme for a total exit, then wait for the pendulum to swing back to the low side.
TXN Price at posting:
45.0¢ Sentiment: LT Buy Disclosure: Not Held