RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Lots of talk today. Good to see…… Agreed 100 percent Alex
yeah I have several stocks trading at absurd cheap valuations compared to other stocks in the same sector. I am down pretty much across the board including SNC too now (avg price $25.40). I am so pissed off but who do I cry to? Good luck with that. I cannot control what the f'n algos or MM's are doing. I probably can't control what the stupidity of the SNC CEO or directors or board does either. I only wish I had the nest egg I have today but was able to invest it in the late 80's when interest rates were in the high teens about 18 percent. I would have taken my entire portfolio and just park it in a GIC and let it ride. I could simply live off the interest on my annual GIC payout and not worry about the BS games being played in the stock markets we see today.
I feel sorry for those innocent employees of SNC who buy through payroll deductions and many bought during when the price was $60 around 5 years ago. They must be devastated. Yet the manipulators don't care about the innocent. These employees have families and little kids they have to feed. You are taking food out of these innocent kids mouths. It is all about greed and corruption today. Well done to the securities exchange commission (SEC) for turning a blind eye on these unfair trading practices. You must feel very proud.
Oh well. To each their own. If you feel the price of SNC shares will be higher than your current avg cost basis within your own set timeframe then wait it out. You will be rewarded imo despite these games being played these days If you feel otherwise then you have options there too. My guess is 12 months from now we will see what the real price of SNC is worth. I highly doubt this lingers longer than that. The best and honest advise I can give anyone here.
Ron