posted
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.
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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.
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posted
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.
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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.
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posted
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.
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posted
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?
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-> 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.
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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.
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posted
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.
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