BBDB859 wrote: Hey Club.
Unfortunately, what you say on "naked shorting" has become true in my eyes, since it has hit the Bombardier shares back in late 2018. I've followed what you have said closely, and found that no "short rally" by a white knight, can change the plight of the Bomber shares. It has to be a sustained buy rally of the shares to change the direction of the shares upwards. I even see that as having limited effect. That's why I say a sustained rally.
The Bomber has to show +FCF every quarter. Once that is achievable. Then they have to show the market that they have cash left over, to repay for things, and start to save +FCF to pay off future debt with those profits. And then they have to start thinking about introducing a small dividend. I'm not talking about people buying, and holding forever, here. I'm talking about buying and holding till we can start to see some SP increase for the stock, in the short term. Shareholders can sell if they wish, once the price is where they are happy to sell at. Once the SP starts to climb for a fundemental reason, like the +FCF. Then the equation changes to the favor of the small investor. This real +SP increase backed by good fundementals from the Bomber's +FCF, will bring in Institutional investment to the shares slowly. I may be naive here that this is achievable, from the PB's of this company? But maybe EM and BD have to step up here, and impliment some of this drive to profitability.
So we have to start somewhere. We can't stop "naked short trading", and I don't think we should concentrate on that. Like you say "waste of time".
Let's face it. Only good day traders like yourself, are the only traders that can swim in the shark infested waters of this stock.
The "buy and hold" for us small investors is a means to bring the SP up for the short term, and then hope, for the real Institutional buying to kick-in. In fact, we're probably back to square one, of where we were with CSeries pre-2018 SP of $5.48/share, hoping for the Institutional investors to kick in. I'm
NOT talking here the Institutions that are manipulating by naked shorting, that you are referring to, they will never stop shorting, until something happens to make them stop. I'm talking about the Institutions that are true investors, that invest public funds, and are in a way, a white night to a lot of well run companies. Even though we reached the $5.48 plateau in 2018, we ended up being kicked in the nuts by many other forces here, including the Bomber management here last time.
So here is my thinking.
If this pure play starts to show +FCF's quarterly? And there is no reason why it can't? Look at BRP. Then we have a chance. The Liquidity problem of a fair SP, will disappear slowly, because as the buyers will eat up the cheap shares over time. The daily Volumes will still be there, because of the nature of these shorting manipulators. So the liquidity will still be there, because of the volumes they artificially create. The Shorting, or manipulating Institutions will have to eat up any daily volume, because they want to manipulate the SP, (that's the nature of the beast). So the liquidity of the SP, will still be there for the General Public Investor all the time. But the shorting of the SP will slow down later, because when the SP dips in the future, the buyers will step in to buy at lower prices.
As for the dividened? I don't think that, that's realistic for at least 2 to 3 years. Until the Bomber can show us that they have enough +FCF for them to have some cash left over, after servicng current debt, paying down some it's current renewing debt, and have enough cash to throw into dividends. Therefore the white night Institutions will only slowly start to invest small amounts of their portfolio in Bombardier, starting in 2 or 3 years. That, to me is at least 4 years away. I don't know how you see it? But that's what I see.
The point is that, this not an easy by any means. It has to start with profit's That's why i get so peaved with cashburns.
clubhouse19 wrote: 859..
There is no defence that can counter naked shorting for canadian markets There is no incentive to buy and hold unless there are dividends involved . It's unfortunate but that is what it has turned into for the sake of liquidity and volume. There are incentives all through to trade and naked shorting that is allowed by the institutions are not allowed to the general public and don't hold your breath on changes to hone in on the manipulators with such toothless and inept security overseers.
BBDB859 wrote: Your stratagy should be, only to buy and hold.
Otherwise. These manipulators are making 3% to 5% a day off of you.
Over the period of 2019 to now they were making an average of of 3-5% a day, playing with the sale price up or down, in pennies. These Algorithms and Black Boxes have been making a killing. This game has to be stopped. But i'm afraid that the only thing we can do, is BUY AND HOLD. Because IRROC won't, and can't do anything about. I would even venture to say that IRROC is controlled by these thieves anyway.
The only people who have faired well against them, are the good day traders.
So pray for the "uptick rule" and NO naked shorting. GL there.
Otherwise let's just use the only tool we have. BUY AND HOLD. The good thing is that. Even at $1, this stock is cheap, and you will witness that with your own eyes, in a short while. Sentiment is starting to change towards Bombardier in the market. Banks are raising their SP recomendation, Bombardier has paid off a lot of debt, and are heading towards meeting their guidence, and true shareholders are slowely starting to believe in the transformation. The rest of the rhetoric here on this board is just that, RHETORIC. The only thing left in the puzzle now, are the Rating Agencies. They will only come on board when they see that Bombardier is paying off it's debt stress free, and even have some left over cash to pay down debt in the next couple of years. The year 2022 will be the year to watch for, as the Bomber may have some debt to renew. Let's see at what rate they do that debt reduction for, and how they have progressed in + FCF by then.
Of course Bombardier would do well to serve/help itself, by giving us some immediate positive FCF's here. Let's just keep our fingers crossed that they start with Q2, and NO CASHBURN this time. They have nothing left to excuse, or attribute, these cashburnss onto.