RE:What you will see hereYoure the idiot retail, you bought in the $3's , and still holding 50%-60% lower...this will go down to the very low $1's and has a 50-50 chance of going to 0.
Where it goes is dependant on weather Aeroplan members get spooked
and start redeeming enmasse for flights, gift cards , merchandise etc. These points are debt
for Aeroplan and when the full fledged redemptions start , Aeroplan will have to pay the merchants
(AC ,gift cards and merchandise ) cash for these redemptions. If this happens , there won't be enough cash in the kitty to pay for all of this. JMO , do your own DD.
bobyback wrote:
Retail Idiot bought at 2.09 yesterday and selling at 1.75$. Then the stock will slowly reacting positive at the news :D