Sunday, June 08, 2008

TPX Update for 06.08.2008


Monthly chart shows selling pressure remains in place, and the stock has all but lost 100% of its gains since its IPO.

Weekly chart shows price below all key moving averages, especially the 8ema. Stock looks like it has completed its consolidation phase and is ready to break DOWN.

Daily chart shows the renewed selling pressure with Friday's trading session, as the bears gapped down the price and sold it off right into the close. Look for the low to break as it it makes all time low. This is a key holding in a couple of Aim Trimark funds - AIM Global Endeavour Fund & AIM TRIMARK Smaller Companies Fund. How could they have gotten it so wrong?

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