PPR - TASR 11/13/13
TASR will have a pocket pivot if it can trade at least 2,868,600 shares today. We reported on TASR on October 30 when it had a buyable gap up on strong earnings. It since undercut its gap up low by around 3%, so you may have partially cut your position around that level since we suggest some porosity, typically 2-3%, though can be lower or higher depending on the volatility of the stock. TASR is quite volatile and trading in the teens so a porosity of 3-4% is not unreasonable. Of course, if this is beyond your risk tolerance level, you might buy only a fraction of your normal position or not trade it at all.
Today, it is offering another buy point provided it can trade the 2,868,600 shares to qualify for a pocket pivot.
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