Wednesday, January 4, 2012

Trade Idea - TSRA

Quiet last week but made some moves to closeout the 2011 trading year.  Sold my short position in BID @ 28.20 (entry at 45.70) for a very nice profit.  Picked up some TZA for insurance on the my only short plays are TZA and a small FAZ position.

Starting to get back into screening mode.  One screen found a stock I'm pretty interested in:  Tessera Technologies (TSRA).   Holds over $10/share of cash on hand and ~100million free cash flow, insider transactions are up 25% this quarter.  Sales growth has been 25% over the past 5 years.    Looking at the chart it's at a critical point now...a breakdown here could stall the rally but a move to the $17.70 area would give it room to run on the upside.

I'll give my 2011 performance update in the next few days and aim to consistently keep posting new ideas now that the move is complete.  

1 comment:

  1. Finally the chief is back!!! Check all the time but know you were moving and in some option picks too...I need to get going on some...just holding 400TZA about 27 right now