The Oracles view on Telstra

Man when will those stupid .......'s in Gov't come to grips with the fact the TLS is a listed entity and they can't just go shooting their politically agendered mouths off about what they want to do. My parents own Telstra (poor buy and hold people that they are) as part of their Super that they now have to live on. I don't think I will be asking their opinion on this for a few days yet.

Ok I have vented now and got the ohhh poor investors stuff out. From here it's lets look at the opportunity that should present itself. The chart below shows a few months of the TLS beast in it's emporers new clothes (in other words bare assed look). The orange line is the all time low and I find it very interesting that the 150% fib retracement from the previous rally is almost on top of this line.

If I was a opportunistic trader (and I am) I might in my one persons loss is anothers opportunity kind of way be looking to possibly, hypothetically......... Well you get the idea!

Sorry mum and dad, but I know you really want your son to be a success.....

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