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Hello, Sails -

Let me just state from the outset that I've been repurchasing shares of previously sold TTM stock. I sold when the shares >$28. I started buying back when shares <$25. I'm a swing trader. That's what I do. I like to "harvest" profits when profits are there to be harvested.

I buy/sell in increments. I watch the markets and trade accordingly.

Here's what troubles me: I think TTM has a bright future, but the economies of India (and China) give me great pause. Here's an article regarding India that kinda explains my confusion:

In 2006, Foreign Affairs, among many other periodicals, proclaimed India to be “a roaring capitalist success story.” This story, we are now increasingly told, is over. The rate of growth in India’s gross domestic product has slowed to slightly more than 6 percent from the peak of about 10 percent that once excited fantasies of India overtaking China. The rupee is plunging. Standard & Poor’s downgraded India’s credit rating to “negative” from “stable.” The next stage is “junk,” if it loses its BBB- grading.

This was just the opening gambit. The entire article is worth a careful read and contemplation.

At this time, I simply don't know where the Sensex is headed (carrying along TTM with it). I'm in a cautious mood.
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