TCX Watch

The internet services company Tucows Inc. (TCX) is showing a huge volume spike today with no change in price. The company's CEO yesterday bought 26,900 shares. Speculators, no doubt, think he must have a good reason for doing that.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
TCX $0.68

More than 2 million shares of TCX have changed hands today. A normal trading day is fewer than 50,000 shares.

Clearly, this magnitude of spike is based on the expectation of a news surprise coming down the pike.

Reversal Levels

• $0.70, +2.9%
• $0.68 <== You are here.
• $0.64, -%

Long-term, TCX has the typical profile of the an internet-boom company. It ws trading for more than $17 when it peaked in February 2000. It dropped quickly after that, and from 2002 onward has never traded above $1.41.

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Disclaimer

Tim Bovee, Private Trader tracks the trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment. No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.

Abbreviations:

• psar - Parabolic Stop and Reverse
• adx - Average Directional Index
• pps - Person's Proprietary Signal
• ma20 - 20-day moving average
• macd - Moving Average Convergence-Divergence
• sto - Fast Stochastic

About the glance: The colors indicate the state of each signal.

• trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
• adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
• psar, pps, macd: green for bull mode, red for bear
• sto: green for overbought, red for oversold, yellow for the neutral zone.