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Author: putnid Big gold star, 5000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 287  
Subject: Re: -10% Ouch: Why? ... Date: 1/23/2013 11:05 PM
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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:

http://scharts.co/SEzj2v

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.
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