You know the american car companies, ford and general motors, with their continuing debt and their gas guzzler cars making less and less sales. Ford even sold their Land Rover and Jaguar line of cars to raise cash. Who bought these two lines of cars? TTM, Tata Motors, a fast growing company in India that manufactures small to medium-sized cars for the regular folks on the street. I found out about the stock today, and it was at one of the lowest prices it has even been $9.03. With the need for more MPGs and cheaper car lines, I see their car brand spreading across to europe and possibly america. They are the number one selling brand in India and especially with oil they will hit a strong mark in the future.
I am so confident in this stock that I bought 550 shares at $9.03 for a total of $4966.50. So here is my updated portfolio:
—— SUPER STOCK BLOG PORTFOLIO TRANSACTIONS ——
$4966.50 – Buy TTM for $9.03 for a total shares of 550
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———— SUPER STOCK BLOG PORTFOLIO ————-
TTM – 550 at $9.03 per share
CDE – 3,067 at $3.26 per share
PAL – 1,000 at $5.13 per share
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So far, my portfolio is in the negative, but I can wait these short-term bumps to make major bucks!