This stock is royally stinking it up. I was able to bail and buy back lower this morning but no signs of any buying pressure at all. You would think with a 20% selloff in the past month we'd get some kind of bounce. Not feeling good about this at all. Good luck.
We just bottomed today-finally.TDY has fooled me many times in the past-this time is no exception, I've just learned to live with it.TDY has been under institutional ACCUMULATION all the way down here--Just check out the three month "Acc./Diss." parameter in IBD (hard to believe--I know!) Price has now discounted every screwup known to man except for the end of the world and the second coming! I wouldn't really give a flying crap about earnings when they come out either--THEY SIMPLY CAN'T BE AS BAD AS OUR CURRENT PRICE INDICATES.
I really hope you're right. I thought we would get more of a "pop" out of the general market today. S&P couldn't even hold 880; That being said I still like the p/e, balance sheet, and fundamentals of this company. We'll have to just wait and see I guess, at least we held 30. Have a great weekend!