TSCM Update - good week - not surprising after the excellent Q results
Made a big move through $5.00 earlier this week on big, big volume. Then, it appeared to base the rest of the week ending the week at $4.95.
What's really interesting to me is the Insider Form 4 Filings this week. No one had sold a single share in a looong time. But this week, the CEO, CFO and General Counsel all sold some shares. While that by itself s/b interesting here's the real kicker. Take a closer look at the filings and this is what you will see:
CEO purchased 325,000 shares at $2.50, but only sold 217,139, which meant he kept 107,861 shares.
CFO purchased 18,500 shares at $2.50, but only sold 12,653, which meant she kept 5,847 shares.
GC purchased 11,750 shares at $2.50, but only sold 7,749, which meant GC kept 4,001 shares.
Stay tuned next week to see if any follow-on filings are reported. But the stock i/n heavily traded, so we'll need a pretty big volume type day to allow the CEO to sell.
FROM POST on October 24th
TSCM reports on Thursday. Now, this is one that I am really looking forward to. Cramer's popularity is still blistering. He is on the cover of the current Business Week mag.
businessweek.com |
