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Created on: 3/16/2011 5:42:33 AM Last Update: 3/28/2011 7:03:49 PM Posted by: RTT WARNING: This entry is 5426 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
1 POST
Be greedy when others are fearful, Warren Buffett
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Remember the brake scandal that sent Toyota shares down hard in 2010. Has history repeated, or rhymed again. Once again Toyota motors (ADR:TM) are plunging, plant disruptions from the earthquake are costing millions each day. We are watching TM very closely, hoping the solid blue 1x1 line holds around $78 and forms a nice base of support. We do suspect that prices will fall further as we expect no Goldilocks recovery. It is on the watch list, you can never say never.
Trying to be greedy while others are fearful is an art not a science, and best done with no debt (margin) as well. Deep in the money options may be the safest play. Thinking !
Previous post discussing brake scandal and the Toyota sell off and recovery: BP and Toyota Motors bad stocks of 2010, maybe not !
Watching...
UPDATE: In the word of Marc Faber 2011-03-17.."If there is a melt down all bets are off".. You cant argue with that. Any sharp fall like we are seeing with TM requires a base before reversal so 'watch list' only.
UPDATE: I am fearful the N225 will have another plunge down as news continues to be bad, and TM wont be imune. The 1x1 must hold, if it fails, then short TM maybe the trade. Bulls maybe better off waiting for a base to form. Price action will lead us. (March 29 2011)


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Investing Quote...
..."The game taught me the game. And it didn’t spare the rod while teaching."...
Jesse Livermore
..“How many millionaires do you know who have become wealthy by investing in savings accounts?”..
Robert G Allen
.."I was educated once - it took me years to get over it"..
Mark Twain
..."There is no difference between communism and socialism, except in the means of achieving the same ultimate end: communism proposes to enslave men by force, socialism - by vote. It is merely the difference between murder and suicide"...
Ayn Rand
.."man exists for the achievement of his desires"..
Ayn Rand
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