TSRA Trade Update
October 11th, 2009
The TSRA trade I recommended on October 8th is currently working. On Friday TSRA advanced 3.8% in 62% higher volume, a sign of continued institutional support. It also marked a new 52-week high @ $31.63.
My November $25 calls are already showing a 20% return as of today. If the market continues to trend higher, TSRA should follow. On Tuesday Intel reports earnings and that could affect the price of TSRA as well.
I expect this stock to move another 5 or 6%higher before possibly pulling back to the 10-week line. Continue to stay long as the market conditions continue to improve.