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Bottom feeding pays off yet again. TCHC up 8%-13% so far.

I think the headline says it all:

 "21st Century Holding Company Reports Record 4th Quarter and Full Year Earnings" http://biz.yahoo.com/bw/080219/20080219005913.html?.v=1 and http://biz.yahoo.com/e/080219/tchc8-k.html

I'm in at an average buy price of about $11.50 or $11.60...something like that. It's up above $13 right now with a 13% gain on the day, and the market has only been open an hour. hm.. The question is, should I take the money and run right now? or wait and sell?  I'm tempted to take the money and run, but it's still on the rise, and may continue to rise for the next few days... hard to read.

opinions?

--Edit #1: well, they're down to being up only 8% on the day, so I've lost a few profits at this point in the day, but the CC is at 4:30eastern.  If they provide positive guidance after a blowout quarter, this thing is going to jump again.  I have confidence they're going to give strong guidance, so I'm holding...I think.

Also, let me get this striaght.. P/E less than 10.  It pays a 6% dividend... and had a blowout earnings quarter. low volume on a relatively unknown stock.  The stock has traded in the $17-$18 range until the regulation problems and hurricanes in Florida hit.  So they changed business models and are now making a profit again.  Geez.  I want to take the money and run, but I think this one still has room to run...

--Edit #2: Well, they're back up 11% on the day with increased buying interest.  I'm tempted to buy more myself.  trading at just below 5x eps... still sounds like a bargain to me.

--Edit #3: Argh... I really find myself tempted to buy more.  5x eps???  blowout quarter? 6% dividend? CC later today?  tough decisions to make here...take the money and run or buy more banking on a home run.  Instinct says "take the money and run" which has been a very sound philosophy so far this year, but I'm still feeling like this one is going up.  Well, I could always sell for a 10%-13% gain and buy back on a dip. hm...

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Edited by DannyUpshaw at 10/07/08 10:20 PM
1 user tagged it: TCHC
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snowman

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snowman
If it drops 5% sell if not let it ride.
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DannyUpshaw

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Yea, at 8% (a 5% drop from 13% up a few minutes ago) I was very tempted to sell.  But with a small cap stock, sometimes it takes a little while for the news to leak out... so I'm gonna hold at least a little while longer...it's trending back up again, now back at 10% gain.  The CC is this afternoon, and with strong guidance, I'm guessing that I'm seeing another bounce. I wish this stock traded options. I'd unload the stock and buy a few long term options while they are still cheap.

 

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UPod

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That's a tough call.   With all the volatility we've seen in the market lately,  I would probably lock in my gains knowing there will be a chance to get back in at a price lower than your sell point,  but that's  easy to say when you're not the one wearing the shoes.
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DannyUpshaw

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Sigh. I went ahead and sold for about a $300 profit.  I couldn't take the up and down swings.  I'm sure it will probably wind up above $14 or $15 in the next day or two and I'll regret selling, but it's hard to beat money in the bank.

 

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UPod

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Good job.   Regardless where the stock goes, in the end, it was still a very successful trade.
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