PSU69 (73.57)

TM down 20 points in 30 days, now the SNOW DELAYED hearings hit!

February 18, 2010 – Comments (1) | RELATED TICKERS: TM , F , PLNR

I believe TM will be driven down more as the hearings unfold and the media relentlessly pound on them.  The press is feeding on the story.  The post I just did on FB is an example.
 
Since Jan 18, the stock has dropped from $91.97 to $73.44 (20.1%) while Ford moved from $11.46 to $11.38.  This is the usual mob panic behavior.  I learned years ago not to fight the mob, just study them and then make decisions to win.

I predict the pounding from the TV and print media and web media during the coming hearing will force even further TM price erosion. I am watching this very closely and plan to jump in soon with a large buy.  It may take 3 or 6 or 9 months, but I predict TM will rise over the summer to be where it was.  If TM keeps investing in programs and promotion to fight the press negative spin, they may exceed the low 90's.  We may net a jump of thirty points in a few months.
 
I view this as an easy win with a modicum of risk.  I also like PLNR, a micro cap.  TM & PLNR can produce some good gain this year if we buy it right.

How do you feel about it?