RE:CIBCInteresting that they did not provide any commentary considering the healthy downgrade.
As we know, all growth stocks have taken a hit this year and given the timing, I suspect she is reacting to the CarMax press and recent Carvana troubles. Apples and oranges I say! Today the market agrees with me and as buybacks are initiated, it should lend support.
My concerrn is not with acq but with markets in general. Should they show profitable business this quarter, $30 is not out of the question. That is where technical resistance lies.
GLTA