TSCM trade Update -
Beautiful V-Like move the last week or so. Only eight (8) trading days ago, it hit a low of $6.51. Today, she closed at $8.42. So, after a ~ 33% move, I took another piece off the table at the end of the day ~$8.40. [NOTE TO SELF - today's trade move at EOD was completely on target in terms of the stock had set a new high earlier in the day, but the new high occured during the down time of the mkt, i.e., not during the first hour of trading]
FROM POST at 12/29/2005 5:36:46 PM
Nice rebound today. Volume was strong despite the overall low volume of the mkt during this very slow holiday week. Took a little more off the table at ~$7.47.
FROM POST at 12/23/2005 7:33:57 PM
Took something off the table ~ $7.84. I had limits originally set from last summer for considerably less, but for the reasons previously cited (OBV poster child and recent Insider purchases), I began to raise those limits over the last few weeks and on more than one occasion.
Having said that, I hate to jinx it b/c a reversal would certainly be in order at this point. So, after a beautiful run like this, just to keep things from getting too crazy, I took something off the table at EOD, so I did.
FROM POST on Nov. 21, 2005
TSCM Update -
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 today's Time and Sales info:
There was a 250,000 block that traded hands at exactly $5.00, which went down at exactly 12:03:17 today.
What does this mean? Well, since the stock only traded roughly 470k total today, that's a huge block. It means that, for some reason, someone sold 250,000 shares today. It also means that someone spent more than $1,250,000 to purchase shares of TSCM probably because they think that they can sell it for more some day. Who's the seller? The CEO? If yes, this doesn't reconcile with the shares he purchased based upon the options he purchased last week. What about Cramer? Could be, but I d/n think he h/n sold any before. Anyway, if the seller was an Insider, we'll find out soon enuf.
From Prior Post on Nov. 18, 2005
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 |
