Ternium S.A. (ADR) (NYSE:TX)

rijoker (98.71) Submitted: 7/27/2009 6:40:42 PM : Start Price: $6.04 TX Score: +151.97

Hmmm, TX reminds me of the time I was looking to buy my first house. I found the perfect place, started getting everything ready to buy and then decided to hold off for a couple of years only to find out that the price went from 180k at the time I was going to buy to 730k only 4 years later. That is my story with TX, I had the buy order in the system to pick this beauty up for under $5. I had done my research and felt confident that this was a great place to tuck some money for a while...and then it happened.

I tend to share stock ideas with my coworkers, whom also share their thoughts. I like to help those in my office and we have a young kid fresh out of College. So I tossed the stock to him to do his valuation (he is actually quite good at this). But after his review he was telling me that he thought one of my other picks was a better deal. So we talked about it for a while and I decided to cancel the order and buy the new stock.

Well, while I am up 40% on the other company, it sure was not the 200%+ this one would have had. Ahh well, what's done is done and you can not change the past. So when my young co-worker (by the way I am only 10 years older then this kid) felt bad when he saw how TX was doing, I told him not to worry. It really was my decision to not buy TX at the time and it was not his fault at all. I considered his view and made my own decision as I rarely take others opions as solid and always do my own research also.

But to tell the truth after looking into this one again, I feel this one still has more movenment to be had on the way up and it has moved back into my buy list.