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Tenneco Inc. Message Board

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  • the_bandwagon3232 the_bandwagon3232 Mar 30, 2009 12:51 PM Flag

    pps

    You know I've been on TEN's side for awhile, but with the news today from GM, buying TEN is simply gambling at this point. GM has another 60 days to come up with a plan, and TEN may run out of cash by then.

    In this type of market, you always want to get out when the stock is in a short term uptrend. The last post I made here was saying the same thing back when TEN was in a upswing. Now TEN is back in a downtrend, and I'm sure we'll be under $1 again real soon.

    I hope the people that got in under $1.30 a few weeks back took profits last week.

 
TEN
45.7092+0.3292(+0.73%)11:21 AMEDT