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Christian Papa

1 Posts.

19/04/17

03:36

Post #: 24128595
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Originally posted by Matt Adl ↑

Geopolitical tensions and further falls in iron ore have sparked broad and solid selling on the ASX, with losses in BHP and Telstra leading the falls, while TPG shares are smashed on their return to trade.

Today is probably the best buy in or accumulation point so far this year imo.

I would not be to concerned about this most recent dip, unlike all the panic sellers today it was a great and cheap point to pick up another 100k shares in ac8 at the low. Trading on a shorter week I see a recovery by Friday and share price sitting around 70-75c by end of week, with an announcement about sales of dried Cannabis product we could see a run to mid-high 70's.

If you invested in TPG last week trading at a high of $6.74 you would be at the point of jumping out the window with the stock trading down $1.10 today, a new 2 1/2 year low since Aug 2014 (19.43% down)

First time trading in TPG as I always thought it was a little oversold at $6+, in at average of $5.37 should see some nice returns when it recovers, especially on the back of:

The ACCC is due to rule on "declaring" a domestic wholesale mobile roaming service by the end of April. A declaration which would force each mobile carrier to share its network with competitors for a fee, which would be determined by the competition regulator.

BHP down 35c, not as big a deal as TPG

and Telstra trading at a 5 year low of $4.02, not seen since 2013

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AC8 Price at posting: 69.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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