In Friday's IBD, TKCI was the #2 stock listed in the 'New Buys of Top Rated Mutual Funds' section with 2 funds buying $3M of shares. Of course with the recent sell-off they may have sold all those shares! Does anyone have an idea on what to expect with the earnings report next month? Could an upcoming warning be the reason for the drop? Thanks
The selloff was on weak volume, so my guess would be that the last selloff was individual investors taking their winnings in a really bad week for the nasdaq. As for a warning, I doubt it. My first thought is that the company is quite young, with no established pattern of announcing/not announcing. Secondly, all indications are that the market meltdown hasnt affected the building sector. On the contrary, the energy building/surveying markets continue to do well. If the market recovers, this industry will have escaped unscathed. Cant think of many others that have been this fortunate.