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TCX Making Its Move!
TCX at the time 1:42 is up to 90 cents up 7 cents. Is is bouncing off its 20 EMA.....RUN dont walk to buy this one !
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I've owned a small chunk of TCX since Feb 2005, when it was TCOW. First bought at $1, doubled down at 80 cents after the secondary. Saw your earlier post about this one, mentioning Mark Cuban's involvement. Known primarily for being owner of the Dallas Mavericks, Cuban made his fortune by establishing and then selling broadcast.com.
About TCX:
In the quarter ended 9/30/05, institutional ownership went from essentially zero to 25%, including Cuban's piece.
Acquisition recently announced.
http://biz.yahoo.com/prnews/051214/to258.html?.v=18
Yahoo shows one analyst estimate, and that it changed recently, but I don't find any estimates anywhere else.
http://finance.yahoo.com/q/ae?s=TCX
Five year annual average revenue growth rate is over 25%, return on equity is really high, they are profitable and have no debt, yet the PE is really low.
This is the kind of stock that can (and has) make a move like the last few days only to settle back down again. Still not sure if I will bail out for a decent profit of 25% or so if there is a big spike, or just hold it for a few years to see what develops.
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