Best Trade of 2005
I have made plenty of costly mistakes in my trading career. But my best trade of 2005 was selling Tyco (TYC) for a loss and buying Titanium Metals (TIE) on October 14, 2005. I bought two days after Long Bow upgraded Titanium Metals. They subsequently downgraded the stock on November 23, 2005 to neutral from buy. TIE closed at $28 after being downgraded. It is now over $63. TIE split 2 for 1 twice in 2005 and in May it will be twice for 2006. So is it time to sell? Are splits a sign of a top? We will have to wait and see. TIE is enjoying the great commodity bull run.