Buying falling knife is always difficult because you don't know where the bottom is. The drop from $1.75 to around 57 cents is huge due to insto selling. The stock has been sprayed to punters who are now also losers & may now want to trade out. If current fundamentals is only going to see about a 1/3 drop on EBIT in the coming year TTN looks to be oversold. Taken a position but these games are dangerous because it can just as easily be lower tommorrow. Also the possibility of a sizeable bounce in the market if it can settle.
Please DYOR on this stock as no advice given.
Regards
Buffett
Buying falling knife is always difficult because you don't know...
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