Purchased TMA shares today
A friend and I bounce short term trading ideas off each other and he politely told me I was nuts. Picked it up at $7.72 and have 5% of my portfolio tied up in it. I about crapped a brick when trading halted but felt a lot better after the statement by the CEO on the Kudlow show.
It appears to have traded much higher in the after hours market. Just soliciting advice from the board here: If you were holding this position would you liquidate all or a portion of this position with a quick profit if possible or hold and see if it rises more in case the Fed adds more liquidity to the market?
I realize this was a pretty high risk move but had some extra profit from cashing GS Aug 170 puts that appreciated more than my expectations and felt that Thornburg was too good a stock with high quality paper to be lumped in with the financial landslide, even with all the analyst downgrades.
All honest opinions are appreciated.
Jimbo
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