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Titan Machinery, Inc. Message Board

  • greeock greeock Apr 29, 2008 7:30 PM Flag

    two things to consider...

    1. Dennis Gartman the "king" of commodities, says the commodities bubble has burst. If true, this could hurt TITN. This guy has a large following... was on CNBC. That's the bad news.

    2. On the other hand, the stock had its highest volume day this year, and although it ended up down, the price closed above the halfway point of its daily range. This means, it actually got some support, too. Otherwise, with that much volume, it should have tanked completely.

    Ergo... this is a wait and see ("wait" might only be a few minutes tomorrow, or it could be a week). The jury is out on this stock. However, if you are in it, better have your stops in place. Sell stops and buy stops.

 
TITN
14.13+0.08(+0.57%)Aug 3 4:00 PMEDT