3SOF

William Cruz (Co-Chairman and Co-CEO of the company) is selling every trading day, maybe he wants to buy a new home or something like that.

TRAD is still consolidating the recent bull run, inside a symmetrical triangle pattern. I think that when the breakout occurs, it will be on the upside.

TRAD is a long term holding of the 3 Stocks on Fire Portfolio.

TRAD stands at an important support zone at this point. We have the ascending trendline and an horizontal support at $11.57, which was touched yesterday.

Technically the stock should rebound nicely today, we'll see. I will continue holding for the long term, whatever happens today.

Heavy insider sellings the whole month of November. More than 5 million total.

The stock met with heavy resistance in this price, which can be seen from its 8-year chart

Insider selling is over. According to their filing. The Co-CEO's stated that they would only sell 450,000 shares each (900,000 Tota) over any 3-month period. The have reached the 900,000 limit (they still own 19,000,000 shares between them 48% of the company) and we not sell anymore until at least Mid-February. With the new Metrics for Nov. coming out soon, December could be huge month for TRAD.

Quote from: eggman11 on November 30, 2005, 09:31:49 AM
Insider selling is over. According to their filing. The Co-CEO's stated that they would only sell 450,000 shares each (900,000 Tota) over any 3-month period. The have reached the 900,000 limit (they still own 19,000,000 shares between them 48% of the company) and we not sell anymore until at least Mid-February. With the new Metrics for Nov. coming out soon, December could be huge month for TRAD.

In additionto CO-CEO, I saw big sellins from other parties. I am wondering if this is the end of all the sellings?

Fo me, I may do some short term trade because the down risk is small for the moment.

Quote from: eggman11 on November 30, 2005, 09:31:49 AM
Insider selling is over. According to their filing. The Co-CEO's stated that they would only sell 450,000 shares each (900,000 Tota) over any 3-month period. The have reached the 900,000 limit (they still own 19,000,000 shares between them 48% of the company) and we not sell anymore until at least Mid-February. With the new Metrics for Nov. coming out soon, December could be huge month for TRAD.

Thanks for the information eggman11, let me applaud you  And there was no SEC filing today from William Cruz or any other.

Probably it was insider selling (mostly non-insiders selling because of insider selling) that took the stock down from $13 to below $12. But it held its ascending trendline, probably the uptrend will resume now and TRAD will break the symmetrical triangle pattern on the upside.

I'll continue holding TRAD for the long term.

Would you recommend buying this at its current level (13)?

Thanks 

Spectacular breakout of the symmetrical triangle pattern from TRAD yesterday  The technical target of this breakout is $15.35.

Quote from: ASR831 on December 02, 2005, 01:44:41 AM
Would you recommend buying this at its current level (13)?

Thanks

Absolutely ! TRAD is the best stock currently on the 3 Stocks on Fire Portfolio.

I'll continue holding TRAD for the long term.

TRAD opened with a gap up on Friday, then it came down to exactly close the gap at $13.01, and climb back up again to a close near the open, up 2.23%.

The important thing is that the stock closed at a new 2005 high, above the previous high which was $13.22. Now the stock faces a resistance at $13.75, which was the 2003 high, but I have no doubts that will go too ...

I'll continue holding TRAD for the long term.

TRAD released its November business metrics: TradeStation Group Reports Monthly Business Metrics

In the 3rd quarter Daily average revenue trades (DARTs) were 41,206, and in November we got 49,827, that is a 20.92% sequential growth.

From a year ago level, growth was 37%, compared to 33% for the 3rd quarter.

The conclusion is that TRAD's growth, which was already high, is accelerating.

DART's for e*Trade are about 125,000, almost with no growth. If these trends persist, one day DART's for TRAD will be higher than for e*Trade.

Now I just have to say that ET has a market cap of $7.55B and TRAD of $579.96M, that is 13 times less, and you'll pretty much see that TRAD is way undervalued.

I'll continue holding TRAD for the long term.

TRAD rose 2.4% yesterday, and the Nasdaq fell 0.39%. That's short term relative strength. Given TRAD's fundamentals I can only see higher prices for the stock.

Yesterday's behaviour on TRAD was a bit odd, going down 7% at one point. Then it came back a bit to close down about 4% for the session.

Remember $11.57 acting as support? Now it's $12.70 that's working. I'm starting to wonder if TRAD will be able to rise in a down market in the future. If history repeats itself it won't, because traders and investors will care more about basic conditions than company specifics.

But since I believe there's one more leg up in this market I'm not concerned for now. In the meantime I'll make more fundamental and historic reviews to know if I'll hold TRAD when I'm bearish the general market, or if I'll just take profits and wait to re-enter at lower prices.

In 2002 TRAD had net profits of $1M. In 2003 they were $11M. In 2004, $14M and in 2005 I expect net profits of at least $18M.

I see this trend in profit growth to continue for TRAD, in bull and bear markets, because this broker has many competitive advantages. But I don't know about the stock, I fear that in a bear market it will go down with its peers and the rest of the market.

But I don't think the current bull market is over, therefore I'll continue holding TRAD.

Funny thing about brokers - they make money when people buy or sell.  Unfortunately, in a bear market, the stock will follow the trend.

TRAD filed an 8K today stating that it entered in an agreement with its management on a severance package if thre is a "change in control" of the company. Sounds like they are preparing themselves for a buyout? Very Interesting....................