Bought TLM today at $11.90 I bought into TLM today. This is a very attractive price right now, in terms of both fundamentals and technicals. Institutional selling has outpaced institutional buying over the last three months, but it's hard to say what part of the past three months had more buying than selling. I noticed some block trade talk earlier on the board, and I use the same site to view them. On thing to keep in mind with block trades, is that they are predetermined prices, and that price is what one institution is willing to pay for the security. For instance , today, Morgan Stanley REALLY felt TLM is okay around $12.00--more than 2.5 million shares "okay". Though block trades are hard to interpret sometimes (is it a preference to buy or sell), they are a good indication whether a stock is ready to consolidate in a price range, and reverse course.
I think there's certainly value here, and on a technical level a good looking bottom triangle looks to shaping up, with an upside target of ~$16.00-$17.00. That is also a plausible upside target, as TLM should test previous support of ~$16.00 (back in July 2011) as potential new resistance.
My stop is placed just below the October low. The line has been clearly drawn. I say TLM has an 80% to go up from here. Jan-Apr seems to be seasonally good for TLM, and many weekly technical oscillators are bullish divergence to TLM price action. Put your cash in; set your stop around $11.35, and let 'er fly! I think TLM'ers will do well from here, into Q2 of 2012.
BOL,
~BT