This morning I spoke with my stock buddy, Judy, who is a shrewd concept trader. When I mentioned today’s post on buying TTM on a bounce, she cautioned me that the company’s story had turned terrible. She discovered that some of the economic actions of India’s government were hurting TTM’s sales of low cost autos. I therefore would not buy TTM even on a bounce.
I bought into TTM when you first mentioned it and rode it upwards until it broke below the 4-week average. It was an excellent short-term buy.