GREY:CXSNF - Post by User
Comment by
privateoneon Jun 02, 2017 7:04pm
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Post# 26319293
RE:Pretty bad day / week
RE:Pretty bad day / weekYup, that was me. Happening sooner than I expected though. I thought it would take the Q2 results to come out to drop to a $1.
Volume today was over 5 times average, 172,000 shares. Also means as many people saw opportunity as saw issues.
I'm still on the sidelines.
SCB is out the refinance market at the moment, unless you want to pay exorbitant rates. This means that if you are an existing SCB mortgagor and wish to refinance, you have to pay a penalty and go elsewhere. This will or should cause, a crisis of confidence as the optics are appaling when your own lender is incapable of refinancing you.