RE:Have we reached bottom yet?gobomber wrote: The market has been now open for 30 minutes and it looks like a normal trading day for Bombardier shares. Looking at my level 2 data I do not see any major offers at ridiculous asking prices indicating that people are dumping their shares to get rid of them.
As to shorters, it is hard to believe that anyone would stupid enough to borrow shares to sell them at these prices with the hope of making tons of money. The risk is way too high.
Hopefully, I read these signs correctly and we have either reached bottom or very close to it.
Further to my last post regarding reaching bottom, I see further information that appears to indicate that we are either at the bottom or near bottom.
Yes we are somewhat in the red but the volume @ 11:20 is just above 2 millions shares indicating that there is no major sell off of shares. Buyers will likely wait for the bottom to solidify before making their move.