TITN
📉 Titan Machinery underperformed the market significantly this week, leading to its removal from the portfolio.
⚠️ As an IPO base stock, TITN is inherently more volatile and less predictable for medium-to-long-term trends compared to established companies.
📊 Despite showing relative strength in previous weaker market weeks, its recent weakness during a strong market week prompted the decision to lock in small profits.
@VisionariosBolsa:
“We are seeing stocks like TTA, which this week has done considerably worse than the rest. In fact, this week we exited TTA. Remember that TTAN is an IPO base. IPO base stocks are values that can leave super explosive movements, but they are also values that, eh, are much more unpredictable. That is, they are values that do not tend to leave trends as medium and long term as the rest of the values we usually enter. They are values that are much more volatile. In the end, they are companies that have just gone public, leave their first configuration, and are a bit like that more difficult horse to tame, right? Therefore, in this case, notice how although it came with quite a bit of relative strength, meaning weeks ago when the market was weaker, TTA was precisely showing that relative strength, we were seeing how it was one of the stocks doing best. This week, the exact opposite happened. In fact, notice how the RS drops to 89, from the 90-something where it was in recent weeks. We have the RS peak down here, and eh, it shows some weakness precisely in a week where the market is doing superb. Therefore, this week we collected profits from TTAN. It was a very small profit, obviously we always want to aim for the best profit, but as I always say, the market absolutely doesn’t care what we want, and we are the ones who have to, eh, adapt to the market, okay? So in this case, we exited TTA, collected profit, next stock.”
Watch the exact part of the video where @VisionariosBolsa talks about Titan Machinery Inc. here:
Watch the video on YouTube
Read more articles analyzing Titan Machinery Inc. (TITN) at the following link. TITN stock.
