Titan Triple Header: Market Likes It
TTGLE is up big today on the heels of Friday’s triple header news releases, which for the most part bode well for shareholders.
If you have been following my suggestion of waiting for positive events to either fully or partially exit your position, today might be a good day to do so.
Big, spiky rises like today’s generally result in some sort of pullback or retraction before higher levels can be attained.
On the plus side, the technical picture could get interesting. If they have the cash, they just might buy back enough shares to make the stock extremely tight and volatile. If that becomes the case, it could trade with dramatic swings in either direction.
Here’s your chart:
Nice rebound for those who had patience. Will probably quiet down from here. Long term, still way to early to call. Their plan to move forward seems reasonable on paper.
More to learn in today’s conference call.
Comments and questions are welcome.
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How does being put into the pink sheets affect this stock. Will it drive even more investors away?
Editor: Have they gone down to the pinks and gone back to TTGL? In my view, at this point not much different, as long as they remain fully reporting. As a pink sheet stock, they now have the ability to simply abandon reporting financial results. What a mess.
Comment by kenny R — 2/29/2008 @ 12:33 pm
I am in for the longer short term…. have to see how this plays out…. frankly, I think that the upside outweighs the downside for the moment….
Editor: I don’t think it’s a bad idea- you just have to be a little longer term. It was once said: with all this s**t around, there’s got to be a pony somewhere.
Comment by Rick — 2/21/2008 @ 9:26 pm
I got out at 1.90 just commenting on the state of this stock
Editor: Good move on your part. Would love to see $1.90 again someday, but who knows.
Comment by Rob — 2/21/2008 @ 4:21 pm
you pick it a .87 not there yet so it not a rebound for me most of us are still losing money on this one
Editor: Yesterday, I published a BLOG suggesting selling if you were looking to get out on the short term bounce. The stock was mid $.70s at the time. If you chose not to, you either didn’t read the posting, which was out of my control, or you have made up your mind to buy into their story, and become a long term investor. Your call.
Comment by Rob — 2/19/2008 @ 11:44 am