Look at today's volume! and what would happen next ?
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Look at today's volume! and what would happen next ?
Originally i had the same supportive thoughts re THL Snoopy. Both my own a/c and several charitable trusts i used to direct have held a lot of shares from near the beginning (about the transition from The Helicopter Line towards Tourist Holdings Ltd). For a long time THL has been on my 'potential Sell' lists, as a "perennial underachiever" as you noted. If only they had stuck to their profitable knitting, when they found bouts of success; but the directors kept changing to try something else & most times lost lots of money (but never reduced their own fees of course). After reading some THL horror stories recently, & with no dividends to look forward to just now, i decided the only logical thing was to quit. Unloaded the last few thousand upon our more optimistic unsuspecting fellow investors last week, luckily still at a profit to our holding price of about 34c after so many years.
However, i think they should have been dumped years ago - the missed opportunities cost of stubbornly holding on to a "perennially underachieving" company are hard to calculate, but certainly are great.
I agree sharer...I was into this crowd years ago....sold some at $5.70.....I began to sell when Sir Tim ..started to sell his 12 million....those were exciting days....yep those guys at the beginning seemed to know what worked....now...just camper wagons it seems....
VERY ODD QUITE AFTER A BIG VOLUME..
MYSELF WORK AT SIMILAR BUSINESS WITH WAITOMO CAVE, IT IS REALLY GOOD TIME FOR THE WHOLE INDUSTRY NOW..
HOW COME THL HAVE NO REACTION:confused:
Source of todays price spike?
stochastic looks risky
Looks like a good stock on the charts , the big move today is confirming the breakout in price above resistance at 72c.
I dont see any resistance till 1.32 if breakout holds.
Tourism stocks are all being re - rated now
All in all nothing out of the ordinary with price action its in a up - trend
Auckland airport traffic figures out today make for positive reading on vistor arrivals.
Should continue the positive trend over coming months.
THL should pick up some of the extra visitors.
Odd thing about THL over the last decade has been the perverse relationship between tourist numbers and the THL shareprice .... a negative correlation .... quite often more tourists lrads to a worsening shareprice