Posted by T A P T A P has taken a position in TRAC on the open market and is not compensated Link: Join T A P Free!!
on 5/10/2001, 1:10 pm
TRAC (Nasdaq) came out with strong earnings of .08 for MRQ and T A P believes could be poised for a turnaround as the company has recently purchased 4.5 mil of its own shares back and announced a buyback of 3 mil more. TRAC is the most recent discount brokerages to enter the arena and has been advertising their trading program MyTrack on CNBC recently, which allows traders to route their own trades for only $12.95 per trade. The stock has bounced off it low recently of under a dollar but has been able to keep its nasdaq listing as it has traded over a $1 for over 10 days since. T A P most recent pick AMTD has broken out over its 100 DMA yesterday and should inch its way up to its 200 DMA next of $11.15. TRAC might see some resistence around $2.25 but with TRAC conference call in about an hour and should Fed cute rates next week as many anticipate, T A P expects the discount brokerages to be booming once again.
by the company in any way. All information above can not be guaranteed but is believed accurate and is for purpose of research and is not a solicitation to buy any security and doing so will be done at your own risk.For more information see T A P message board and Yahoo News & Profile
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