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Biotech / Medical : Underexposed TA of Theralase Tech. [TSXV:TLT] [OTCQ:TLTFF]
TLT 162.92-0.4%Jul 6 4:00 PM EDT

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To: Underexposed who wrote (1)12/29/2017 9:36:07 AM
From: Underexposed   of 10
 
Don't be fooled when someone comments on a minor abnormality such as an uptick in price or volume. Usually this is meaningless unless the abnormality becomes a consistent change in pattern.

The problem with stocks that are sub-$0.50/share or even sub-$1.00/share stocks is that effort must be made to keep the interest in the stock constantly in front of the potential buyer.

I have drunk the Koolaid with respect to this stock in the past and ignored signs I saw in the charts or ignored the charts completely..... Big Mistake!! I missed at least 2 opportunities to take decent profits over the past 18 months.

I will say at the outset that I do believe in this stock. I like the science behind it.... It makes sense to me and I do have a science background in my working past... I was a working chemist. An analytical environmental chemist for a while in my employment history/education.

My background has nothing to do with Biology but I feel that can read intelligently the information on the Theralase website and I saw NO fluff... very little marketing speak that raised red flags. That was why I bought in at first. I was asked by a friend to give my thoughts on this company and I liked what I saw... still do as a matter of fact. I don't invest in sub-$0.50 stocks normally and truth be known I have only made money on one stock that shot from $0.20/share to $1.20 in a week... very nice and I was smart enough to get out with a profit then.

In the Canadian Sub-$1.00 world you have to be careful to avoid Pump/dump stocks. I have written a huge document on how to spot a PUMP/DUMP stock. They are generally characterized by a specific language in chat rooms, a dramatic rise in price with huge volumes, the rise generally last only a few days with lots of talk of going to the moon (as the pumpers dump their stock and take their gains), ending with the stock price/volumes falling back to normally anemic levels.

I don't see TLT.V as a P&D stock... but I see a lot of speculation junk that is designed to generate interest but has no or little basis in fact... Charting and a deaf ear to such nonsense is much better.

Let's look at the two listings today.... I should be doing this at the end of the day but I don't expect a lot of change today... so waiting 8 hours is probably not going to change much.... If it does.... well you will hear from me again today :)

*****************************************************************************************************************************

Ok... I am off my soapbox now.

We have 2 listings....the Canadian TLT.V and the American TLTFF. The difference in price is obviously due to the change in the Exchange Rate of the USD/CDN dollars. If you apply the exchange rate you will find that the two listings agree pretty closely... as they should.

Does that mean that both charts are the same? Nopes... there are minor variances that occur... if they are significant they will catch up to one another eventually.

Which stock is the better stock to watch?

Well Theralase is a Canadian company... the TSXV does not have the same negativity as the American OTCB. American investors in general pay little attention to stocks under $5.00 never mind under $1.00. Canadian investors have less of a bias there.

Let us look at the last month of trading on both listings... by the numbers.



Canadian Listing - TLT.V
American Listing - TLTFF









Date
Close
Volume
Close
Volume









12/28/2017
0.245
126,195
0.201
18,550
12/27/2017
0.255
322,504
0.190
37,065
12/26/2017
No Trading - Boxing Day Holiday 0.200
32,580
12/22/2017
0.245
331,673
0.195
45,540
12/21/2017
0.245
310,897
0.187
28,800
12/20/2017
0.240
223,875
0.185
140
12/19/2017
0.245
159,624
0.193
98,034
12/18/2017
0.245
268,413
0.187
101,762
12/15/2017
0.250
157,605
0.200
6,700
12/14/2017
0.245
400,611
0.193
7,000
12/13/2017
0.235
330,580
0.182
213,683
12/12/2017
0.245
339,857
0.190
67,158
12/11/2017
0.250
272,225
0.191
8,944
12/8/2017
0.245
659,941
0.199
14,335
12/7/2017
0.260
230,320
0.195
67,643
12/6/2017
0.260
198,266
0.214
67,055
12/5/2017
0.280
123,925
0.215
14,200
12/4/2017
0.270
415,814
0.211
89,783
12/1/2017
0.250
403,730
0.202
2,600
11/30/2017
0.255
670,247
0.195
541,952
11/29/2017
0.265
468,710
0.205
337,000


A couple of things stand out in this chart.... In Canada trades are made to a minimum of $0.005. In the USA trades can be made to $0.0001. I really don't understand why... the money is insignificant unless you are buying millions of shares.... this difference is not limited to Theralase at all... it is the same on all stocks... it is just a curiosity to me.

The second thing (and this IS important) is that the daily traded volumes are usually an order of magnitude greater for the Canadian Stock versus the American listing.

Why is this significant? From a charting point of view... the chart with the higher volumes are much more reliable in their formations.

SO... if I was an American investing in Theralase on the OTCB... I would pay huge attention to what was going on with the heavily traded Canadian listing. The Canadian chart should be more indicative of what is really going on and the American listing will eventually move in the same direction.

This is enough for an early post.... I will do the charts at the end of the trading day.

Good Trading
UE
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