Well as you know Sabre you are not just speaking to yourself...

Well as you know Sabre you are not just speaking to yourself anymore. I simply could not wait any longer even though I was determined to wait until October/November. TVL has almost no debt and is on the cusp of a major turnaround due to exceptional management with a determined focus on increasing shareholder wealth. They are well informed on shareholder's wants and are almost groundbreaking in sharing information regarding there business plan for 05/06.

I cannot envisage too much downside although sellers may appear in the early twenties tomorrow. Gorillas should enthusiastically munch them out leading up to the soon to be released report - could even be tomorrow. T/A's should be taking notice after today's 20% increase. It would be bullish to see even more daily volume, perhaps over a million, in the days/weeks to come as monkey profit takers appear.

Liquidity is a risk given the bidders are so shallow - optimistically, this will change with impending news and TVL will finally be substantially traded again on a daily basis.

I may have jumped the gun, but I needed the position given the immense opportunity cost I gave up on REA. All of my family have used TVL for some years and they have had no problems - once their credit card details are captured, customers just come back again and again. Finally customers can now view comparative rates and book both hotels and vehicles.

Cost cutting will impact on the soon to be released report, but this is a long term hold for me and I will be more than happy to top up if and when the opportunity arises. Like they say, the car has been stationery on the highway but is now travelling at 20 km/per hour. Wait until they get on the autobahn!

Regards