TTT chart thread, page-321

Its hard to predict exactly where this is going so exiting is not an option- when it moves, it can be pretty fast. Some range trade in the short term always healthy for the mid to longer term but I dont envisage it retracing back to $2. We want more of the shares, dont we?

Plus I have seen price movements where you dont need news flow to prop up the share. Those stocks that depend on constant news flow drip to sustain share price sorely lacks conviction. They gradually drop in a falling knife chart formation until some news come out and they jump more than 10pc in the day, then they fall back again (because those news are probably released to stem the erosion). This is not the price action we see with TTT.

I dont like stocks where management focus too much time on news release to prop up shares, they should be spending more time developing the business. They probably do that because they have awarded themselves substantial performance shares.