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TRA - Turners Automotive Group

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  • Well, now that the FA update is out of the way, we have a decisive direction for the share price.

    The fail at the SMA200 on very low volume was the first warning sign.

    Today's uptrend failure is the second warning. No buyers in sight and illiquidity means this is going to be hard to exit.

    Third warning about to happen is the share price slipping under the SMA100 and trending back to the lower bound of the trend channel.

    Holders were amply warned both here and on another site.

    DON'T BUY SHARES IN A DOWNTREND!

    Click image for larger version

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    • Just think Moosie, now you can get all those juicy growing dividends for cheaper.

      TRA holders will be hoping that the troughers at the board table re-start the share buy back to prop up the price again (this time giving Salt Funds an exit)

      Comment


      • Originally posted by Moosie View Post
        Well, now that the FA update is out of the way, we have a decisive direction for the share price.

        The fail at the SMA200 on very low volume was the first warning sign.

        Today's uptrend failure is the second warning. No buyers in sight and illiquidity means this is going to be hard to exit.

        Third warning about to happen is the share price slipping under the SMA100 and trending back to the lower bound of the trend channel.

        Holders were amply warned both here and on another site.

        DON'T BUY SHARES IN A DOWNTREND!

        Click image for larger version

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        A fall on very low volume followed by a fall when there is market wide turmoil is hardly anything to fret. Don’t get me wrong, I’m not pushing TRA an investment or not, but you’re bias to see the worst possible outcome for this share is plain to see.
        Some of us have done well ignoring the noise and buying when this had been hammered and selling when it ran out of 91 in the tank. Getting excited over a fall on no volume serves no purpose but to show your bias.

        disc: not currently holding.

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        • Originally posted by Sol Invictus View Post

          A fall on very low volume followed by a fall when there is market wide turmoil is hardly anything to fret. Don’t get me wrong, I’m not pushing TRA an investment or not, but you’re bias to see the worst possible outcome for this share is plain to see.
          Some of us have done well ignoring the noise and buying when this had been hammered and selling when it ran out of 91 in the tank. Getting excited over a fall on no volume serves no purpose but to show your bias.

          disc: not currently holding.
          My bias? Hey, just trying to warn everybody it ain't all roses and chocolate! If others are allowed to shout from the rooftops it's a great buy, I am certainly allowed to voice my opinion that this is a great wealth destruction engine that just keeps on giving.

          Check out that 1 year chart and tell me if it's really that smart to be buying in a huge downtrend with no bottom formed up.

          What's good for the goose is good for the gander!

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          • Finished the day up 0.8% against a sea of red for all the other stocks. So in effect, relatively it's up about 10% in a day*. Amazing result!


            *tongue firmly in cheek.

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            • Yes...the unofficial company spokesman's endless and extremely repetitive ramping (on the other forum) of this company is nauseating to say the least.
              Should ask him if I can have a sick bag with his next post but seeing as he is part of STMOD it would get deleted.

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              • Careful casting those stones from within the OCA glasshouse : )

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                • Dog's are not careful, they just do what's right and bark when they want too.

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                  • Originally posted by Beagle View Post
                    Dog's are not careful, they just do what's right and bark when they want too.
                    Doin' us a heckin' frighten, fren

                    Click image for larger version

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                    • This approach usually works best https://www.youtube.com/watch?v=nCTr-4CoeVs

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                      • Originally posted by Beagle View Post
                        Yes...the unofficial company spokesman's endless and extremely repetitive ramping (on the other forum) of this company is nauseating to say the least.
                        Should ask him if I can have a sick bag with his next post but seeing as he is part of STMOD it would get deleted.
                        My investment mentor from 20 years ago was fond of the phrase "Better the devil you know than the devil you don't".

                        As true as it gets when it comes to investing in the sharemarkets.

                        Know who and what you are dealing with - and take the opportunity to make gains !

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                        • Originally posted by Beagle View Post
                          Yes...the unofficial company spokesman's endless and extremely repetitive ramping (on the other forum) of this company is nauseating to say the least.
                          Should ask him if I can have a sick bag with his next post but seeing as he is part of STMOD it would get deleted.
                          Hey beagle - Another member of that team throwing his weight around today

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                          • Must have missed it, I am devastated lol
                            All I can see on that forum is the usual rubbish from the usual suspect. Meanwhile the SP is headed perilously down toward breaking through the 100 day MA,.
                            Hope FCNZ work fast on finding a buyer for the loan book before too many more delinquencies make themselves apparent. Oh hang on a minute...any buyer will do thorough due diligence and expose TRA hopelessly inept and baselessly optimistic loan provisioning guesswork for what it is...

                            If you think you can rely on auditors to sniff out grossly inadequate loan provisioning...think again mate and I used to do auditing.
                            I think I'm going to get my $2.00 after all. (Disc: Not shorting this flea bitten mutt but I should be).

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                            • It certainly is a sad sorry chart, even "blind freddy" can see that. Plenty of capital destroyed since 2017 high, probably more than has been compensated for by dividends. Recent upswing trade was stopped by the massive downtrend line confluence (close by) 200MA, exit just under $2.50. Unless a trader and wait patiently for the next bounce, avoid.

                              Chart here: https://invst.ly/a-ayw

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                              • Originally posted by Beagle View Post
                                Must have missed it, I am devastated lol
                                All I can see on that forum is the usual rubbish from the usual suspect. Meanwhile the SP is headed perilously down toward breaking through the 100 day MA,.
                                Hope FCNZ work fast on finding a buyer for the loan book before too many more delinquencies make themselves apparent. Oh hang on a minute...any buyer will do thorough due diligence and expose TRA hopelessly inept and baselessly optimistic loan provisioning guesswork for what it is...

                                If you think you can rely on auditors to sniff out grossly inadequate loan provisioning...think again mate and I used to do auditing.
                                I think I'm going to get my $2.00 after all. (Disc: Not shorting this flea bitten mutt but I should be).
                                maybe 2 bucks is on its way ......market been through the glossy slides and the new strategy and not impressed

                                clipping the ticket didn’t work ....what’s next?

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                                HLG

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