TLS 0.52% $3.90 telstra corporation limited.

TLS- how far will it sink? $4.00 a possibility

  1. 1,816 Posts.
    Does anyone here believe a move below the previous all time lows of $4.62 is possible?

    Todays price action certainly looks ultra bearish, but will the previous lows hold this time around?

    Is this a continuation of the big picture down trend that will inevitably result in new lows?


    I think it is the more likely that we'll see new lows, than a double bottom.

    A move towards support at $4.00 will give me a great opportunity to enter the long term calls i've being eying at a steal of a price.


    I hope it tanks!

    ... and its current PE of 16x, combined with regulatory risk mean that the chances are very high that new lows will be visited soon.
 
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