Wednesday, June 18, 2014


Bought TLM

I bought some shares of TLM yesterday. This is a company that had some unusual options activity on Monday, so I have jumped in with a speculative position on the chance of where there is smoke there is fire.  Also, it actually looks like a decent company, albeit in turnaround mode.

There is some irony that I bought the shares on a day where there was a lot of debate about illegal insider trading prior to mergers/acquisitions (Study Asserts Startling Numbers of Insider Trading Rogues).  While I am 100% against insider trading as I believe that skews the market in favor of those with access to insiders; I can understand why people do it to get an edge.  If you know a stock will pop 20 or 30% in the next week due to a buyout offer, you can certainly "get rich quick" through options.

I had another terrific day yesterday (even with drag of TZA) on both an absolute and relative basis.  I am really starting to pull way ahead of the R3K.

Have a great Wednesday everyone.

1 comment:

Corpraider said...

I'm in this one with you. A lower entry than uncle carl in the middle of restructuring/strategic review by Goldman is attractive to me.