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TM 50DMA

TM is riding the 50DMA right now.

TM_03_05_06.GIF

Buy the bounce if there is one.



One Response to “TM 50DMA”


By Danny on March 5th, 2006 at 6:28 pm

cars? whips? pimp-rides? you want India, my friend.

go to TTM (tata motors). It’s India’s version of GM without the enormous debt. Tata’s growth trails the country’s white hot GDP growth. I expect things to slow down as the firm deploys more working caital/cap ex to sustain operations. that, though, could be offset by TTM’s hot-as-pistol international arm.

risks include emerging market volatility and commodity costs, of course.

(chart looks a bit overextended)

-peace
Danny

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