Learnt my lesson with CHN on their last retrace from $1.50,...

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thermoelectric

67 Posts.

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02/11/20

20:01

Post #: 48594986
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Originally posted by malay: ↑

It is a fact things cannot go up in a straight line, a retracement is inevitable however this appears to be more severed than expected . The share price of TSO has been going up very rapidly. Happy for those that took profit and those that sold off to protect their profit. You are right with your strategy and good that you called it right. Some of us here also used charts but deliberate not to take profit for good reasons. Many good traders will tell you that it is their holding that made them the big profit and not the trade. If you used sizing and position trading strategies you wouldn't by the volume these people hold. Not only that, because of their research and that they are convinced by the fundamentals they have substantial holdings in the share. Their investments in the long run may provide them with the wealth creation they are looking for. Especially for investment in this country where any investment kept for a year will attract a discount of 50% for tax purposes.
Investors that have taken profit will look for a place to reinvest their cash. Where else will you invest than on a share you know best, one that you have selected previously and one that has made you money. TSO is at a level, I believe is of great value, a share that has great potential to return another profit for those that sold out and a company that will ultimately developed a mine. I have taken profit at various stages but taken profit on the way because of my substantial investment and my needs to rebalanced my portfolio. I have kept my main investment parcel intact because I believe there is still plenty of juice left in the orange. I will be buying more now that it has retraced for my trading parcel. Good luck to all holders.

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Learnt my lesson with CHN on their last retrace from $1.50, held, then sold at the bottom and tried trading it. Didn't buy before it started climbing again so left it at that.

Fingers crossed this selling eases up after a while. Not going to make that mistake twice but dayum, holding this isn't very pleasant at the moment!

TSO Price at posting: 28.0¢ Sentiment: Buy Disclosure: Held
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