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Hello, Sails -

As you know, I'm long TTM, too. I swing trade a portion of my shares within my overall position when opportunities arise. I've repeatedly harvested profits in TTM only to buy back sold shares later at a lower price. TTM has been very good to me in this regard. In recent days, I've harvested profits in TTM once again. I expect to repurchase those sold shares sometime this year. Why do I think that'll be possible? An examination of TTM's 3-year chart indicates that TTM can vary considerably in price over the course of a given year:

After all, TTM's Beta is >2, indicating that its share price fluctuates twice as much as the market average. The chart visually demonstrates the fluctuations. Is it guaranteed the share price will fall to the low 20's or lower? No. There are no guarantees in investing. Over the years, I've generally managed to repurchase shares sold at market highs some time later at a discount. I swing trade the majority of my stock positions (around 20 different companies). Every now and then, though, the train leaves the station and doesn't return. That hurts, but that's why I maintain a diversified portfolio. I'd hate to miss out on repurchasing TTM shares later, given that I think TTM has a solid/profitable future. Given TTM's Beta and its price history, I'm thinking I'll be able to buy right back into TTM sometime this year. My target price in anywhere less than $24.
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