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  • vtrader203 vtrader203 • Feb 18, 2010 9:18 PM Flag

    Tomorrow is the big day for TSRA.

    Dow future is down 61 now and tomorrow is OE day. Market will go down and then goes to side way next week.
    There will be certain profit taking in TSRA. It may drive stock down to 17’s area. There is not too much room for upside but down room is huge. TSRA goes up 13.5% after announcement in SP 600 on 2/9.
    I am lucky to sell out in 19.48. Wait to buy back whenever it reaches 17 or lower.

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    • joetong419 joetong419 • Feb 18, 2010 11:34 PM Flag

      Would you consider buying more TSRA if it goes 11-15?

      Earnings determine TSRA. The 12/09 earnings was less than project; hence why TSRA is at this price currently.

      TSRA S&P Smallcap 600 inclusion which moved the stock higher did move TSRA higher to 19+ more than I anticipated. But further upside might be limited.

      GLTA

      • 1 Reply to joetong419
      • vtrader203 vtrader203 • Feb 18, 2010 11:49 PM Flag

        According to STO (9,3,3) or (14,3,3), TSRA is in overbought area. Per RSI, it may go side way. Anyway, price will go down to the 1st support area 16.80~17.00. It may go down further even create a new 52-week low below 11.

        If TSRA is hold well in the 1st support area, I will buy. Otherwise, let it form a bottom no matter how low it is.

 
TSRA
19.50-0.38(-1.91%)May 22 4:00 PMEDT