New Trade Alert and TSCM Follow-up
New trade for IP.II today - purchased ~ 16.80. This one was id by my proprietary model, which also id Ckcm two days ago, but I did not act b/c I got too greedy and was hoping for a move to the $16s. I acted quickly on IP.II after she broke $17 for several reasons. First, there has been a lot of blood recently. Second, looooow float. Third, hurricanes or no hurricanes, having spent a significant amoutn of time in Fla, there is no doubt that they have all the business they can handle. Fourth, IBD wrote up the stock on August 10th,
biz.yahoo.com
Investor's Business Daily
Stormy Weather Equals High Demand For Building Supplies Firm
Wednesday August 10, 7:00 pm ET
Alan R. Elliott
nasty day for TSCM today. No news that I could find, but this d/n help the T/A pix. My only guess is that this could be indirectly related to Pat Byrne's short seller story, Miscreant's Ball - or it could be related to his DKS call on Monday that exploded in his face. Of course, none of that changes the fact that his show is the most popular one on CNBC, fwiw. In short, let's just say that I am glad Rocker is on my side of this trade. Having said that, I am surprised by the lack of support, so I will have to carefully monitor whether she should stay in the port. |
