Guys, the charts don't look good. But fundamentals still are. I'm in TM and HMC and both stocks have been bleeding recently... I plan to stay long, though.
Fortunately, Tata Motors (TTM) is rebounding. Check out their charts and fundamentals. Pretty impressive. I used to be in this stock but sold for a nice profit but still a little too early. Now it seems like a perfect time to get back in the game. I already started building my position in TTM. Hope it'll be in lower 20s within a month or two.
I think it's the yen/dollar relationship and I think the Japanese are even more skittish about our economy than we are It's getting dragged down on the Nikkei. Whatever it is you can bet it's short term.
There's certainly no fundamental business reason. TM keeps reporting record profits. All indicators point to continued growth for TM.
Either that or Fungi the basher has single-handedly caused the drop with his brilliant insights he so regularly posts here. (NOT!) :)