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TLS

Discussion in 'Shares' started by Chris C, 2nd Nov, 2011.

  1. Chris C

    Chris C Well-Known Member

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    Brisbane, QLD
    At what price does Telstra become a buy?

    With RBA switching into rate cutting mode, moving into defensive high yielding stocks is starting to look more attractive and despite Telstra being a dog of a company a 9% franked dividend yield might be hard to pass up if its price falls might lower...

    What are people's thoughts?
     
  2. Billv

    Billv Getting there

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    Chris
    We were meant to buy TLS when it was $2.80 and none wanted it.
    Now the big fund managers have added TLS to their portfolio so
    from now on it is likely to improve or at least it will stop going down and will go sideways like every other share....
     
  3. Tropo

    Tropo Well-Known Member

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    Resistance : 3.31, 3.63, 3.95 ...
    Support : 3.04, 2.95, 2.85, 2.75, 2.61
    Range : 2.75 ~ 3.31
     
  4. Billv

    Billv Getting there

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    Tropo

    And you don't see it going above $3.30?
    Although the dividend is good is it can be maintained...
     
  5. Tropo

    Tropo Well-Known Member

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    Bill,

    There is always a possibility that TLS may hit 3.30 or can move sideways or go down..
    Actually TLS is pulling back from the latest high (3.22), and still may go lower.
    Nobody knows what will happen.
    I wouldn't consider dividends as a main reason to buy a stock.
    Dividends are a bonus!
     
  6. tomtom33

    tomtom33 New Member

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    Location:
    Sydney, NSW
    Telstra is now through that upper price level you have mentioned.

    Closed at $3.33 yesterday

    Telstra Corporation Limited: ASX:TLS quotes & news - Google Finance

    For what it's worth I don't know but an astrologer that correctly predicted the rout in retailers at the beginning of 2011 is now predicting telecommunications to do well in 2012.