The $4.89 calc. Can also be $4.90 as the $4.99 low was actually...

The $4.89 calc.

Can also be $4.90 as the $4.99 low was actually $4.995. So, if we call the 4.99 a neat 5.00, then T=$4.90.

I use this method as it is how I nailed the floor back in March 2011 at $2.60 area (included as ref.). Had bought Qty 500,000 TLS shares at $2.68 average that time. Too bad I didn't hold for too long.

So, one thing I learnt, is, if you have bought a share after big falls have already happened and it is a top 10 ASX stock, HOLD. And if it is TLS that pays 6% dividends, HOLD. Do a Buffet and just HOLD forever (only if you have bought low and she pays good dividends and she is an ASX top 10 stock). That is how wealth is built with stocks. Otherwise, do property. That way, you have to hold the roof over your head from the rain and cold at night. Sadly, we can't sell the family home. And that is where most our wealth is. You can't eat the house. And we will die without eating it.