This one is based on fundamentals more than technicals. I bought in around 4.25, and yes it just happened to spike up on Friday. But!
I think the company is positioned well for the future. I'm talking big here. These are the guys who make the "cheapest car in the world" in India, and are backed by the Tata Group super-conglomerate.
Their stock (like all the other stocks) is way down in the tumble right now. From $20 a year ago, down to about $5 now.
This is a multi-national corporation, producing everything from heavy construction machinery to light personal transport. With multiple subsidiaries branching out into related fields. Think General Electric of India..
I think $5 a share is a bargain.
Posted by fourseven on :
Excerpt from the wiki article:
Tata Motors have some distinct advantages in comparison to other multi-national competitors. There is definite cost advantage as labor cost is 8-9 percent of sales as against 30-35 percent of sales in developed economies. Tata motors have extensive backward and forward linkages and it is strongly interwoven with machine tools and metals sectors. Tata Group's strong expertise in the IT based engineering solution for products and process integration has helped Tata Motors. India has a large auto component industry noted for its world class capabilities. There is huge demand in domestic markets due to infrastructure developments and Tata Motors is able to leverage its knowledge of Indian market. There are favorable Government polices and regulations to boost the auto industry.
Posted by fourseven on :
Acting in harmony with the market, but more pronouncedly positive. 4.38 now, and I'm guessing an EOD rally .. if the market holds.
Posted by fourseven on :
Looks like it made a double bottom over the last couple of weeks. Technically, it's a good sign.
Posted by fourseven on :
Looks like support is forming around 3.76
Posted by fourseven on :
Soooooooooooo I'm the only one posting on this I guess.
Broke out above 5 this week; 5.33 close. Up 26% since November.
Posted by fourseven on :
Been down while the market was seeking bottom.
Gapped up today on news of the Nano being officially launched.
Overall strong day for the markets, so the big TTM gains need to be somewhat discounted.
Posted by fourseven on :
Well, looks like it's fighting resistance around 5 1/4 .. Volume has been on the rise last week, coinciding with the price's challenge of January's high.
Could see a short-term slide towards high 3's, or a gradual climb to as high as ~7 .. I'm betting on the latter.
Posted by R1 Man on :
quote:Originally posted by fourseven: Well, looks like it's fighting resistance around 5 1/4 .. Volume has been on the rise last week, coinciding with the price's challenge of January's high.
Could see a short-term slide towards high 3's, or a gradual climb to as high as ~7 .. I'm betting on the latter.
I think its not ready to pop just yet. I'm sure the CNBC show of their car last week helped the stock but that was last week. The market is due for some losses now. So I advise you to sell your shares and grab on a dip.
I did research their $2,500 car when I saw it unveiled on CNBC. 54 MPG, 30 HP engine. Not sure what the weight is but read the article about New Delli (Spelling???). I don't think that car could even be sold in the US because of our strick safety regulations. Plus 30 HP...the first time you drive that up a steep upgrade....I think you might want to leave the throtle floored and be behind it pushing. But the stock is bound to recover back to $15 range but will take a long time.
I'd rather tell you to buy FITB....you have a better bagger there....but I'm staying clear of financials right now.
Posted by T e x on :
good post
Posted by fourseven on :
Hey guys.. This is my long-term ride, so I guess it's kinda miscategorized being posted in the Hot Stocks forum.
I don't think the Nano is even going to make it to North-American markets, but in all honesty, the Asian markets is where it's at for this company. Over two billion people, and a growing middle class just waking up to consumerism?
With the US consumers crippled as they are, I think we will see domestic markets "over there" picking up the slack as the new global consumers.
This company bought out Jaguar, Land Rover and Daewoo. They're part of a massive industrial conglomerate. I think they're going to be the "Big Three" of India -- and a safe long-term bet.
Having said that, I will duly note that TTM gapped again, and did so on decent volume. So we may see some volatility in the near future, and opportunities for day trades, both ways.
Posted by fourseven on :
Speaking of volatility.. it rocketed up today to 6.75 (now hovering around a more reasonable 6.50).
Posted by fourseven on :
Another gap up.. HOD 8.30, back down to a mellow ~7.60 .. huge volume, wtf is going on here? Did some jackass pump-and-dumper get this in their sights?
Posted by fourseven on :
Ah. Nevermind. Just some news on the Nano doing well in the initial bookings..
Posted by fourseven on :
Looks like it's pushing up resistance around 8.. nice solid volume, increasing on the ups, dropping on the downs.
Posted by fourseven on :
Gapped up to 9.74 on monster volume.
I know it's not a "hot" stock.. but LULZ on all not holding Posted by fourseven on :
Well it's been a good run; up 106%
Looks like it might give back a bit now; I'm out at 10.11
Posted by fourseven on :
Down to 8.60.. looks like it's filling that gap. May be a good time to think about going long on this one again.
Posted by fourseven on :
7.62 now; it hit down on solid volume the other day. That about closes the gap from mid-May.
Posted by fourseven on :
Looks like it found bottom around ~7.40 .. I'm betting it'll do another leg up now. Back in at 7.92
Posted by fourseven on :
Up some 8% today, back to resistance around 8.50 .. we'll see what Friday says.
Posted by fourseven on :
Hit 10 today - that's ~25% up! Good volume, we'll see if it holds. It's Friday, after all..
Posted by Ticker on :
For what its worth, I read a couple of days ago that they have a new, $12,000.00 electric car in the works.....
Back in 2008 Tata was looking to produce an electric version of the Indica, for European markets. They acquired Miljobil Grenland as part of that initiative.
Posted by Ticker on :
Oh, jeez. i can`t remember where I read that - I spent one weekend sleuthing HUNDREDS of sites for stock/company info.
Anyway, any investor should do their own research.
Posted by fourseven on :
Bonked hard against 11 this morning -- safe to say there's valid resistance around there.
Posted by fourseven on :
HOD 12.00 -- gone kinda flaccid since. But it looks like 11 wasn't that much resistance. Steady gains..
Posted by fourseven on :
Closed off 60% of long position at 13.15
Posted by fourseven on :
Bought more a few days ago at 13.65 -- look at it rip today. New high at ~15.
Posted by Dagny on :
Congrats!!!! Good pick. What do you think about KNDI?
Posted by Dagny on :
Congrats!!!! Good pick. What do you think about KNDI?
Posted by fourseven on :
17.30 ! Nice rally today..
-> Dagny: I don't have an opinion on KNDI, I only took a cursory look at their info.. China based vehicle maker, started an electric car offering, etc etc.. the stock dropped huge recently, but it looks like it has support around 4.25 .. I'm guessing there's profit to be made between there and ~6.. but no idea on the long term.
Posted by fourseven on :
quote:[..] India's car market is growing at a rate of more than 10 per cent a year, with small vehicles accounting for 80 per cent of all sales in the country.
It also recently overtook Japan as the largest market for compact or sub-compact cars, according to JD Power and Associates, a marketing information firm, and experts say the world's second most populous country is quickly becoming a hub of small-car manufacturing. [..]
I'm out at 17.40 today -- I think it will pull back to 16 in the short term.
Posted by fourseven on :
OK, it touched 16 in afterhours Friday .. switching to "cautiously optimistic". It's pushing resistance around 16.30, will jump back in if the afternoon plays out well.
Posted by fourseven on :
Well, it dipped all the way down to ~14 .. I wager this is the bottom for now. In at 14.4
Posted by fourseven on :
Right-o, was bottom indeed. Now gapped up above 17
Posted by fourseven on :
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