Post by
Trapped on Apr 18, 2022 1:36pm
Generalist investors returning?
At the moment, ARX is the 11th most actively traded name on the TSX!
Cheers and GLTA ARX longs!
Comment by
Sunsurfer12 on Apr 18, 2022 1:53pm
when the crowd starts cheering ARX, time to start getting a bit nervous....just two weeks ago I was hoping fopr USD $8NG now its here.. ..its been an unreal run since May 2020 but starting to pick up some small amounts of protection and wil ladder it the higher we go which I think we still have $5 upside before we settle into a plataued trading range..
Comment by
Trapped on Apr 18, 2022 1:59pm
Agreed, it's a tough balancing act for sure. A few months ago I predicted on here that we could reach $20 later this year. Who knew it would take off so fast? I'm now targeting $25 as relatively low-hanging fruit given continued momentum, market fundamentals, buybacks and the dividend increase when it comes.
Comment by
Sunsurfer12 on Apr 18, 2022 2:18pm
Also a bit cautious on May earnings release..think we all know there's a big paper hedging loss to be reported..but all those frenized latecomer buyers may not realize that..doens't change my longer term bullish view but a short term hedging opportunitiy...will pick up more protection the closer we get to May 5.