The last 17 months have been difficult and a complete contrast to the 17 months preceding the last 17 months, i went from completing a trade every 3 weeks on average to a trade every 3 months..i just got stuck in a heap of trades bought at the last top.
Very very reluctant to buy into this top...sitting on a heap of cash.
Cash v PTM no contest..if i had sold out completely today i would have profits and dividends equivalent to a profit of close to 40% gross ~ with just the first (oldest) parcel that is 33 months old, i have made 123 CPS 26% gross (8.7% PA)...so even my worst investment in PTM beat cash and my best killed it.
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Now for an interesting STW comparison...STW being the State Street ASX200 tracking fund...bottom line on the chart is PTM, interestingly PTM fell much further than the index and is still somewhat under performing and because it fell further the gains have been greater, bottom to top.
The only conclusion i can come to looking at the comparison chart is...i have made a lot more money buying PTM, trade profits are greater and open profits are greater... probably slightly ahead on the dividend front too.
~
im still in from late last year, looks like a classic flag if your into that technical sorcery
... and I don't see one here.
gg
Long pole, big flag, breaking out.
...but. I'd never bet my firstborn on a flag.
gg
What about that red headed kid you said wasn't yours who hangs around the Townsville pub? Low risk bet.
(no malice intended)
Watching for a break of 5.30 here.
I feel you could get burnt on that.
Wait for $5.44, the high before the trading range, I would be with you on that.
My guess is though it will retrace to $5.00.
It's May, ay, as we say in North Queensland.
gg
Completed my PTM trade today @ $5.20, i sold my 2 most expensive parcels for trade profits of 9.36% and 17.04% leaving my remaining shares in profit to the tune of near 36%
2013- no posting on PTM for more than 3 years ? Is the company still healthy ? Its current ratio is shocking and the price is southwards ?
Any one please throw some light into it ? Kerr Neilson is still there but how long ? Saw how the majority holder of Hunter Hill ducked out selling shares at much lower value.
Restrained to buy and thought to ask forum before getting too excited on PTM.
2013- no posting on PTM for more than 3 years ? Is the company still healthy ? Its current ratio is shocking and the price is southwards ?
Any one please throw some light into it ? Kerr Neilson is still there but how long ? Saw how the majority holder of Hunter Hill ducked out selling shares at much lower value.
Restrained to buy and thought to ask forum before getting too excited on PTM.
Given the size of Neilson's holding, I doubt he's going anywhere...
Neilson is a key man risk... he's 67 so he won't be around forever, whether he intended on going anywhere willingly or not. So the question is not if but when? (All the best to his health and all...)
But you'd hope he wouldn't leave the same way Hall did by spitting the dummy. My guess is he will announce a transition period where he slowly withdraws from the business... going part time, grooming successors etc etc. That's the sensible way to protect his own interest and legacy.
Worth keeping an eye on HHL, it may offer a glimpse into what the loss of a key man might do to flows and company operations.
Some discussion in the IFL thread recently.
https://www.aussiestockforums.com/threads/ifl-ioof-holdings.18490/page-2#post-922548
Given the size of Neilson's holding, I doubt he's going anywhere...
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