Saying Goodbye to Titanium Metals
Investors barely registered a shrug after the recent quarterly results for Titanium Metals (TIE). Indeed, shares have been stuck between $14 and $16 for the last six months, a range which is below where I first highlighted this stock in my July 1, 2011, column.
Unfortunately TIE's range looks technically more likely to inch downward in the near term than to finally lurch higher. Since the stock has few near-term catalysts to continue to hang my long investment thesis on -- and no added insider buying since last September -- I've decided to take a loss in TIE and move on....518 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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