Tuesday, October 23, 2007

TASR reporting tomorrow morning

Okay, TASR is reporting tomorrow morning, let me pull out the chart and study again.

Using weekly chart, the weekly closing price never dipped below $14 since it surpassed $14 back in July. It actually tested $14 several times (that is, several weeks). Even last time they reported earnings and it headed back down all the way from $19 it stopped going down below $14. After the consecutive dips last week, it headed back up from as low as $15 to $17.24 in two days. After hour is up a bit as well but since volume is not high so I don't pay attention to it.

One thing worths notice is AMZN reported as well and it dropped $10 after hours with very high volume. The market may sell-off a bit due to AMZN, I hope it does not affect TASR by much.

Since TASR is still a small firm so earnings is not easy to predict and trading must be volatile. Anyway only by knowing what happens tomorrow can I have a better idea of what is next.

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