posted
No problem, Nel. I just don't like the OTC plays, as they tend to be too unpredictable for my liking. A lot of money to be made there, if you can game the system right, but the downside risk is to great for my tastes.
-------------------- "Entrepreneurship is the last refuge of the trouble making individual."
Reasoning: TSCM took a monstrous beating after a relatively good Q3 report, that still disappointed the analysts. Over the course of 5 days, it lost about 25% of its value, based on a report that actually showed GOOD numbers. After finding it's bottom of $8.32, it has demonstrated a clear bullish move, closing at $9.55 (up 14.8%), and forming a clear bullish flag from the peak of the "flag-pole" on last Thursday. Volume is decreasing, with the candlesticks forming higher lows, which is a further confirmation of the bullish flag.
Additionally, neither the RSI or the Stochastics are showing overbought, and both are trending upward, indicating buying pressure. MACD is trending upward, approaching 0, and once it passes through, the breakout to the upside will be confirmed. There may be some resistance around $10.00 (which I would identify as a potential exit for a shorter-term, 5-day play), but the resistance might be weak, which might make this a potentially much bigger runner in the 20-30 day range. I also see this as potentially being a good longer-term play, as the underlying fundamentals are strong.
-------------------- "Entrepreneurship is the last refuge of the trouble making individual."
posted
It is trading above $30 now but it has a low share count. Forcasted to make $2.74 a share. Symbol is DXPE.
Posts: 1458 | From: Ohio | Registered: Mar 2004
| IP: Logged |
posted
Just bumping this. TSCM seems to have found a firmer true bottom in the mid to high 9.40s. I added to my position at 9.51 and 9.46. This could be a pretty decent runner, as the volume is drying up, and it appears to be coiling for a run.
quote:Originally posted by Kevin Bailey: Company: TheStreet.com
Exchange: NASDAQ
Symbol: TSCM
Current Price: $9.55
5-day Target: $10.00
30-day Target $11.50
3-month Target $13.00
Reasoning: TSCM took a monstrous beating after a relatively good Q3 report, that still disappointed the analysts. Over the course of 5 days, it lost about 25% of its value, based on a report that actually showed GOOD numbers. After finding it's bottom of $8.32, it has demonstrated a clear bullish move, closing at $9.55 (up 14.8%), and forming a clear bullish flag from the peak of the "flag-pole" on last Thursday. Volume is decreasing, with the candlesticks forming higher lows, which is a further confirmation of the bullish flag.
Additionally, neither the RSI or the Stochastics are showing overbought, and both are trending upward, indicating buying pressure. MACD is trending upward, approaching 0, and once it passes through, the breakout to the upside will be confirmed. There may be some resistance around $10.00 (which I would identify as a potential exit for a shorter-term, 5-day play), but the resistance might be weak, which might make this a potentially much bigger runner in the 20-30 day range. I also see this as potentially being a good longer-term play, as the underlying fundamentals are strong.
-------------------- "Entrepreneurship is the last refuge of the trouble making individual."
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
![[Smile]](smile.gif)
