NOT DONE YET - TRS

Another dismal day for TRS.  It is obvious that the selloff is not over, we must be patient in finding a comfortable entry point.  Trading this morning at 16.55, down another 11%.

TROUNCING OF TRS - IS IT AN OVERREACTION?

Since July 1 of this year, we have seen the price of TRS deteriorate from the 29.60 level.  

This morning, after an earnings report that missed estimates coupled with lower forecasts, the stock is trading at 18.90, down 17% for the day and a 37% loss in just over one month. 

Trading volume in the first ninety minutes is triple the daily average.  At this point, I believe that we are experiencing and overreaction and could see a partial bounce back in the next few weeks.