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NE Iowa | Not to say it will not happen. But this was written Dec 6. TITN was $15.06, today it was $17.06. Volume of earnings day was huge, but it has been pretty flat the last 6 weeks. Also, seems a lot of other broker/advisor's don't share his view. It looks like his prediction comes from a computer model he is trying to sell advice from (I like numbers and generally follow them). It also appears he is treating Titan Machinery, a retailer and service provider, the same as CNH, CAT and DEERE, the manufacturers for his analysis.
Troubles ahead for Titan, yes, just like everyone in crop production business. But I am not sure the data is being analyzed in a retail environment versus a manufacturing environment. Nor do I know if his data diagnosis is any good. His website for his stockdiagnostics,com looks pretty suspect (cheap). This is a Mark Gold, Jerry Gulke, John Roach, of the stock market trying to sell advice.
Just my 2 cents. | |
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This was on Machinery Talk
