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Old 08-28-2008, 02:12 PM
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Titn

thinking about a short here. its up over 6.3% today buts its on such low volume that i dont think its gonna keep these gains. what do yall think?
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Old 08-28-2008, 04:27 PM
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Not a bad place to short it with a tighter stop. Top of the downtrend channel since the July 25th peak. There's some mixed signals though.

If I were playing it, I'd find out if TITN stands to gain as far as clean up efforts, should Gustov hit our coastline. If not, I'd probably throw in a limit order to short closer to 26 to hope tomorrow's chasers jump the price early. But that's just me.

The market volume overall is generally low going into Labor Day. I wouldn't put too much into it. Also ABK, MBI, etc has a lot of people's attention right now, along with watching oil and natural gas due to the hurricane.

Let us know what you dig up.
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