Message Font: Serif | Sans-Serif
No. of Recommendations: 1
Today is definitely one of those, "Ouch!" days. - Sails

We've conversed a bit about this before. TTM is a high-Beta stock. That's actually why I like it (disclosure: I willingly swing-trade). Like you, I sold a good percentage of my holding when the stock went north of $30. Today's pullback meant that I could buy back sold shares at a 10+% discount from my sold price. I'm not ready to buy back the stock quite yet. I'm still watching general Market conditions...and TTM's chart:

The stock may still have farther to fall. If it sinks to ~ $24, I'll probably be buying back shares. I like the company and its long-term prospects. I'm far less sanguine about the overall Indian economy and the economic situation in China. Time will tell.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.