Thursday, September 17, 2009

Drop TKC, Time to Move on

Turkcell Iletisim Hizmetleri AS (TKC) was featured in this blog on 7/18/08 (at 15.85)and again on 8/4/09 (at 16.60); since then,the stock has hovered around these prices and is now showing what could be a "head and shoulders" chart pattern. I am inclined to say that, in the near future, the stock is headed down.

For the period of time we held TKC, we collected an anualized dividend of about 4.7%,
and see a profit of 4.79%. Selling today at 16.61, it may be time to move out of this position.

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