Savvy Trades and Investments

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TSRI doing well ahead of earnings due in the next few days. I'm taking some profits in the low $10's. Stock up 15% in the past week, the broader markets are getting ugly, and I don't think traders are aware that the upcoming fiscal Q3 report is their seasonally weakest quarter. From the 10K-

The Company’s operating results also fluctuate due to seasonality. Typically, our billable hours, which directly affect our revenue and profitability, decrease in our third fiscal quarter. Clients closing during the holiday season and for winter weather normally causes the number of billable workdays for consultants on billing with customers to decrease. Additionally, at the beginning of the calendar year, which also falls within our third fiscal quarter, payroll taxes are at their highest. This typically results in our lowest gross margins of the year. The Company’s operating results are also subject to fluctuation as a result of other factors such as vacations, client mandated furloughs and client budgeting requirements.