Trading Summary - November 27. A better than sa
Post# of 2306
A better than satisfactory status quo day for $TMPS today after the new Government website beta.SAM.gov was seen to still show the USN's intent to award a Multi (company) Award Contract (presumed to be $TMPS + Omega as the only companies in the field available in the timescale) for AAR in DoD 2020 Q2 (which starts Jan 1, 2020).
After the "one off" suspect 2019 tax loss seller on November 21, several of the longs started outbidding each other on November 22 from .1261 up to a new higher figure of at least .1500 (visible) today (up from .1450 yesterday and .1400 the day before).
There were also significant buys on the walked down ask at .1650 and .1700 and the bid at .1500 was topped up after buys to 29K at the close.
Overall, 32,810 shares were bought today - all in the relatively tight spread of .1500 to .1700 - compared to .1400 to .1650 yesterday - at prices as follows:
.1700: 6,000
.1650: 2,875
.1600 / .1620: 1,700
.1575: 2,840
.1500: 19,395
Very little is being offered under .3000+ - indeed under .7500.
The Industry Day for a potential 2020 CAS AAR MAC to replace the extant contract awarded to $TMPS (but larger, multi-company and for twice as long) was held on September 12, 2019.
Keep an eye out for developments on the future contract to be awarded on / after January 1, 2020 up to March 31, 2020 (latest).
Also watch for any developments in the UK with wholly owned subsidiary Tristar Air UK Ltd and / or work on the Tristars.
Reminder - Tax Loss Disallowed ! You will incur a "wash sale" and have a tax loss disallowed if you:
- Sell any shares that had a purchase cost basis higher than any shares you have bought in the last 30 days.
or
- Buy shares at any price within 30 days of those that you sold for a tax loss.
Warning ! Anyone who is seen posting nonsense on iHub on any on the thinly traded stocks I'm a shareholder in - especially when small paint downs are also seen along with undercut asks - can expect to have their user ID passed to the SEC which has now started to take action against those using the exact modus operandi I have detected and commented on for the past 2 years:
https://www.sec.gov/news/press-release/2019-216
Tempus Applied Solutions Holdings, Inc. (TMPS) Stock Research Links
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.