rjm77me's Blog : Toyota on Sale - Ticker TM

Feb 17 - More bad news every day. Stock is broken for now. Company is Ok and will get their act togather in next 3 to 6 months. Will be buyer under $71 depending on news flow.


Feb 9 up date - selling for profit for $2.40 or 3%
Feb 4 update - Toyota will be in news for next 15 days and may offer the chance to buy lower. I will add to position if it dip to 69 - I still expect it to trade to 80 in next 50 days - my opinion. Coompany lost 30 billion in market cap for USA alone (If I am assumption is TM valuation on yahoo web site is for UA alone)
Feb 3 morning up date Bought today at 72.49 and 73.50 dur to over reaction to the news
Toyota is on sale as a company - sure they have short term problems and going to take multiple hits for next 30 days.

I did enter my trade on another site 02/03/10 TM 5Y $72.23 $72.58
( -7.16%) +0.55% -0.08% +0.64

I will be buyer of TM at or around $76 and willing to hold to $90 about 20% upside - may take 6 months to recover