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13.0¢ tesserent limited

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Peck76

899 Posts.

168

21/09/21

11:12

Post #: 56231486
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Originally posted by Sdaji: ↑

It's difficult to predict short term price movements in a panic. As you say, the fundamentals are great. If China is in panic and the world is in chaos it only increases cybercrime and the need for our services, so the only reasons people will sell are irrational fear and needing money to cover other losses/expenses caused by the issues. So far TNT seems to be holding 22c, which was already a crazy bargain and is no less now, but hey, someone might have just lost a pile of money overnight due to the Evergrande issue dragging the rest of the world down with China's incompetency and they could dump TNT to save themselves and trigger a wave of sales. Or, hey, someone might see the value in TNT and buy up causing a rally - perhaps less likely and it wouldn't be a big rally in the very short term, but given the crazy value we're sitting on it's possible.

For now we're holding and we have a fair chance of not falling through 22c. It's too chaotic a situation to make any confident predictions, but medium to long term I have no doubt that buying or holding will be a great strategy.

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lets see how it holds up on this counter trndline. If it breaks this line then it will get nasty fellas.
dyor

TNT Price at posting: 23.0¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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