New Trade Alert - some might say, catching a falling knife again - I would say a trading oppty identified by my proprietary trading model. Stay tuned to see who prevails. Last Monday, company warned via Pre-Announcement and stock went down hard, really, really hard. After the bell tonight, they formally released earnings and also warned on guidance going forward. The stock got whacked in AH from a close of $24.50 today.
Here's the last week or so trading specs
PRICES
Date Open High Low Close Volume Adj Close*
14-Feb-06 25.40 24.36 24.06 24.50 2,124,621 ??
13-Feb-06 24.64 24.93 24.06 24.73 842,600 24.73
10-Feb-06 23.70 24.79 23.44 24.55 614,500 24.55
9-Feb-06 23.85 24.98 23.75 23.87 514,100 23.87
8-Feb-06 24.77 24.86 23.51 23.92 845,500 23.92
7-Feb-06 25.11 25.83 24.00 24.37 2,016,700 24.37
6-Feb-06 27.79 28.80 24.53 24.74 8,447,700 24.74
3-Feb-06 41.98 42.07 40.05 40.33 327,500 40.33
I did some DD last week after she crashed on Feb. 6th because it looked like she could come into the proprietary trading model range. Strong cash position. High Short Interest. Small float.
Symbol is BCSI. In at ~$20.12 AH
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