The reason TLK is going south on us, in my opinion, is because a very wealthy individual is buying the majority interest in TLK's cable business. So why the hell did TLK decide not to go in this direction. All they'ed talked about the last couple of years is how they wanted to expand. There could be a corruption element here. The stock is down hugely in a very short time.
I think it would be a good idea if TLK paid the dividend quarterly instead of annually. It appears that the current weakness is associated with the dividend payment. Perhaps the stock price on the Jakarta Exchange is not reduced on the Ex dividend date. Investors think they can buy the stock, hold it until the EX date then sell thus making "free" money. Just a thought.
Apparently there is some news that I am unaware of. Can anyone out there share the info ??? i'm thinking that Indo investors consider this stock near worthless after the Ex dividend date. They bid up the stock wanting the dividend then, after they got it, they all ran to the exit door at once. That's when the stock turned south.
MTH is the perfect short sale. Outstanding small number of shares will force this stock lower. Investors long on this stock can call their broker and insist they don't loan their long stock to other brokers for shorting purposes.
The Ex dividend date was May 29 on the big board. On the date the stock should be reduced by the amount of the dividend. The price did drop on that date by the BIG drop come on Friday, May 31. Perhaps that was the Ex date on the Jakarta exchange?? Anyway, this could be a great buying opportunity.
With this HUGE volume I can only guess that the Indo Gov't is selling stock. Went Ex dividend a couple of days ago. HUGE HUGE VOLUME on the Jakarta exchange.
Looks like the Jakarta exchange halted trading in TLK.JK between 11:30 and 2:00. Down 800RP on 5X the average volume. Note chart at TLKM.JK
Parker keeps his job because he pays his board of director friends a nice salary and they rubber stamp everything including his employment. For now - best to find another stock. The day Parker is no longer with the company is the day this stock jumps.
But when should I sell?? After I've made 400,000 which is now or should I wait until I've made 500,000 or 750,000. I'm just so mixed up and I'm sure happy I have your guidance. You seem to really have it together. You know, with your sell recommendation on March 18 .
What the hell is the difference?? I'm making money and I've got 36,600 ways to like this company and that's just today. Thank you Steve.
478 M shares outstanding with a 22M float. No wonder this pony can run. I love it.
The emerging Asia. I heard that labor costs are now higher in China than in Mexico. TLK is on fire. I never could bring myself to sell all of my position. It's now higher than when I sold 85% of my shares . There's investors on this board that have hung on for years and I'm glad for all of you. Those were the days when TLK's book value was under $2. A very rewarding experience for us.
Forget the bounce as it will be only technical. Short term this thing is a dud. It's screaming "Stay away from me it's a trap." Act like a panther in the high grass getting closer and closer to it's prey. Wait and wait for the right moment. You'll know when it comes. It feels the same as it felt when you were 17 and you wanted that special girl so bad. Like, I want it and I want it NOW and I can't get enough of it. ( No BS here - 22X in 22 years )
Short term thinker. You'll never make it in the market. You think about hills and you should be thinking about the mountains and I've seen the mountains from the top. (time appropriate statement)
Commodity stocks can be the most rewarding but very difficult to pick the bottom. This company is not ready to buy. Will float at this level or lower for at least months and months. Look what Phelps Dodge did. Flat for years. Beware.