OsakiSushi on Tertiary Minerals (LSE:TYM)

Thursday, 3rd April 2014 11:26 - by Osakisushi

* Foreword from Scott at London South East:

Osaki seems to take a bit of a beating on the Chat boards.  He produces movement projections for a living and therefore doesn’t produce a blog if he expects to be wrong!

Many professional analysts don’t even bother discussing shares such as Gulf Keystone due to the ‘agenda politics’ amongst contributors to discussion forums.  There is the possibility that this has cost many investors rather a lot of money.

Anyhow, we value your opinions and appreciate that our Chat boards are open forums (with basic courtesy rules), but please ‘work with’ Osaki if you can!  Thanks. *

Provoking this reminiscence was a plaintive posting in Premium Chat about rampers infesting the TYM discussion forums. Against this particular share, I’ve ample room for a polite cough as I suspect whoever is waxing lyrical about the share perhaps has a point.

Currently trading at 10.875, it need only close above 12.4 and I’ll regard it as going up. In such an event, my initial expectation is 14.75p but the elephant in the room insists I mention a longer term 19.25p. The crazy thing is, when I view the shares price history, a potential such as this even makes sense.

This is the funny thing about charts and technical garbage. I regard most of it as errant nonsense but when I can calculate a target level, then draw it on a chart while also using an absurdly basic method of drawing trend lines, I can then decide if targets make any sense. In the case of TYM, they do and thus, any rampers are perhaps not being silly. And it’s not often I will write that!

Of course, all the share need do is start going up… I borrowed a crayon from my grand-daughters colouring box and drew a light blue line. If TYM starts trading intraday above this level (currently 12.7) I’d be comfortable growth of integrity is commencing so it’s perhaps worth keeping an eye on.