Which price does this stock hit first?
I don't know that it matters. Its so thinly traded that 25 could be done fairly easily. But the reality is that it WILL hit 12 on the way to points lower.
Here's a clue; reducing inventory not only hurts sales, it kills gross margin. This will be fun to watch.
Here's what I see happening; they can't make their inventory reductions so CNH Capital steps in and provides the inventory financing necessary to keep TITN afloat (anyone else see the pun there?).
More details as this unfolds. But remember the word 'float'. It'll come up again.
depends on the market-I think it goes up from here-covered my short -and would go long 17.50