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TLS $3.94

a bang below three dollars?

  1. Having read some interesting and sometimes amusing comments on TLS, here is Arhidas view.

    The stock is still under pressure to drift lower.

    One of the major negatives that I consider is that there has not been much of a write down in Pacific Garbage Collection Works. It would one day come.

    Another major negative is that if interest rate rises and this stock is rated a 'Utility' then down she goes.

    With not much EPS growth, as predicted by the analysts, my suspisions would be that any suprises especially profit downgrades would be devestating for this stock.

    Now a major positive of high significance that has put this stock on my radar screen but unwilling to commit until the stock proves it self, is that a major divergence is taking place on this stock.

    This major divergence spans over a year and it begins about the September-2001 low, then about the June-2002 low and now perhaps about January-February 2003 NEW LOWER LOW.

    If the divergence is still in place after a new lower low is achieved, then trading behaviour of the stock should be vigilantly observed for any signs, among others, of rising volume with increasing or decreasing price.

    In the meantime, I am simply an observer.

    Arhidas
    Neither long or short the stock

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