TRIT - another one bites the dust.
Except for TSTC, I think almost every report today was mediocre or worse.
My sense (often wrong) right now is that the space is going to retrace to the downside. We won't hit the September lows, obviously, but we are headed down IMO. I've come to that view based on the fact that there are macro headwinds (Euro debt crisis, China inflation/housing bubble, and the overall markets are way overstretched to the upside), and CGS earnings haven't impressed enough to overcome those headwinds. Also, the short sellers seem to be zeroing in on the space again, re: RINO, BORN, etc.
We won't hear from most of these companies again until March, and that will be audit season, which will be a risky period for the space given that I think auditors will be looking more closely at taxation issues.
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