Methodology: each issue's direction is a live signal — long/short opens or holds a position, neutral means flat, and every direction change opens, flips, or closes it. Returns are direction-aware (a short gains when the price falls) and compound across positions from first observation to the latest issue. "Price move" is the stock's own raw change, shown separately. Neither represents actual portfolio performance.
Brief History (2 issues)
The +7.5% is sector repair off TMO's data, not its own reversal — the $100M resin-revenue deferral into 2027 still shadows it, sidelines
Guidance cut, 7x-volume distribution and an unlanded wave of target cuts — three pressures argue against catching the first knife. If $165-172 (above the 52-week low) holds on shrinking volume, the gap-fill toward $195 becomes playable with a stop under the low