Ray
I'm not a big P and F guy, perhaps you or Ditch can help me out here a bit.
stockcharts.com
It appears that, as you have stated, there is a reversal on the stock. Now, in playing with targets is the green 7.50 doable on the weekly chart? 4.62 seems to have been a problem for the stock all this past week, with 4.70ish being the next hard spot, but, in doing my regular charts it looks like once 4.70 to 4.90 is out of the way 5.50ish is good as a short termer with the elusive 7.50 out there for the taking.
As a note on ALAN to Doc and Alan...the stock has set on its 50dMA at .60...imo, this is forward of a meeting next week with the LA county board of Supervisors. The LA county jail Phase 1 project is to be discussed at this meeting. The board was not thrilled with ALAN trying to nail them down to a 20mm dollar commitment thru the RFP on Phase 1, sent them back to the RFP process to rewrite the contract sans the language on the 20mm dollars. TSI does not expect the RFP approval until early May. In the meantime they have roughly 5 projects in the works in various phases of approval.
I, like Sergio, have been reducing my position a little at a time, but will hold the bulk of my shares for a rainy day, just in case they finally start to get something done and actually show some money coming into the till. After 18 months of frustration with this stock I need to generate some cash to take advantage of some of the faster plays.
Speaking of rainy days, we woke up to about 3" of snow cover this morning. Very, very unusal for my neck of the woods. LOL
Ken |
