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A dummy a day: Titan Machinery, Inc. (TITN)

Damn, TITN is one of only about 25 stocks on my watchlist and I missed its super-strong 30+% move today because I wasn’t watching it. I have to be more careful with that. All of the stocks on my watchlist should be on my real-time watchlist with my broker just in case they decide to run. Wow, what a move. I like the look of this brand new stock.
It also had a very nice dummy-type setup this morning:


If you bought TITN when it broke above the 10:30 inside candle at $14.66 with a stop below it at $14.49, you would risk 17 cents. Holding until the end of the day would have given you 234 cents for every share you owned, or about 14 times your risk.


This entry was posted on Friday, January 11th, 2008 at 9:21 pm and is filed under A Dummy a Day. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.