RE:RE:RE:RE:RE:RE:RE:CIBC
@snootchy. I hear you and cant really cannot argue with anything you say. you may be 10000% correct about the impact the CFO did have.
being of suspicious mind and one that has served me very well over my life ( including keeping my life on numerous occasions) I still believe that while some may have, in their heart, truly panicked over a CFO departure. I also believe this was exasperated by those wishing to see the price tank. Did CFO departure give me a moment’s pause? of course it did. One must always try and read statements or actions. In my business , I take my sources, warts and all and the moment I stop is when something real bad can happen.
that said, the general blabber out there was a CFO departure is almost instant reason to believe there is something nefarious going on. Execs come and go all the time and I do not put much stock in it until I can see the effects or other evidence of something rotten is occurring. The only effects were those caused by talking heads that had never ever added any meat to the discussion. Just pure speculation / the sky is falling but never adding any proof. Some people simply panicked, made their money and got out or as I suspect, it was taken advantage of and then became a self-fulfilling prophecy. If I thought there was a serious issue, I would have bailed and still be up over 100K but I didn’t and subsequently and until recently lost money.
I really, really hate losing and only hope I am in the end, right.
As to 40…, I need only look at how well the price climbed a few years ago. Risk then to investors was a hell of a lot more than it is today. Right?
As to confidence by big investors, they would in my opinion know that it was all BS from the get go ( price slide) and from what I can see, they profited handsomely from it. So am I worried about the poor little dear’s feelings? Not bloody likely. They would sell their mother if the price was right and they thought they wouldn’t get caught.
Nope. ZERO faith in any of them. They talk out both sides of their big mouths.