TLG 3.90% 40.0¢ talga group ltd

Welcome to the future, page-15

  1. 1,774 Posts.
    The only sellers I see are the ones caught up on the technical barrier of the new high, which are ALWAYS 90% day traders, these are the guys who would have bough when we broke through 42 c lets say and are now selling at 49 cents, know nothing about the business and don' care, just think they're making money for jam on trading in a range. Will also be the same ones who buy once we crack that new high and then ride the next wave and pump in new volume.

    Not my style of game, I prefer to look at market cap and compare to market opportunity and management at hand and then let the share price take care of itself over a longer period of time, in this case a market cap at 49 cents is paltry for what TLG have and so hence I will hold and not loose the profit the traders will from selling at 48 and then buying at 52, cause I have some common sense and bigger balls than them
    Last edited by trythree: 24/02/15
 
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