TCGD announced a change at the top on Thursday after them market closed, and despite the huge drubbing the overall market took on Friday, the stock managed a nice, low volume rebound off its oversold, post Holiday condition.

I don’t think the market has totally caught on how strong this new CEO really is. This guy was in charge of all the security for the Israeli border and airports. That would make him one of the most knowledgeable and well connected terrorist experts in the free world.

Here’s what we do know: His role as CEO will open a lot of doors for the company. Also, we know a guy like this would not take the job unless the technology was very commercially viable.

We don’t know if he’s a good salesman yet. I hope he is, and can get the company rolling down the path to commercial success.

Here’s the chart showing Friday’s rebound:

The stock made a nice move on Friday, but has not broken back above the downtrend line yet. This suggests there could be some backing and filling before the stock is really ready to regain some serious ground.

This is not the kind of company that is going to be able to deliver a commercially relevant press release every week. It’s a zero revenue development company, and will take some time to get there.

Therefore, the stock could go through long periods of quiet trading, which lends its “personality” to long term investors. In this kind of company, the breakthroughs can be quite robust, which can lead to very abrupt, short term moves. Tough to trade, but good for the long term.

If you have any comments or questions, please feel free to post them. It might take a little time to get answers, as the company is located in Israel, but I will try.