RE: Who would have thought Oh God! its hard to believe that BNK would trade below $2.00. Although Ford Equity Research has been rating this stock to sell rating every Monday since it was trading at 5:40, but I didn't pay attentins. Last Monday they rated it hold for the first time in six months. UNfortunately I did follow their advice on CDH - sold at 2:25 and UUU sold at 2.90. Since BNK are making money and i still believe in this company thus hold it. I added some at 1:86 in TFSA acc.
I don't know why this stock is being punished. Its all because of production down fall and some 17.5 million in taxes, only 4 cents profit, market was looking for 10 cents.
Hey don't buy the idea that it will drop to 2009 levels. Remember that time all stocks were down, e.g. PD to 3.59, FCX (new york) to 20.10 and IMN (TSE) was trading at 13.55. Guys please be patient and don't throw the towel. Believe me you wouldn't be able to buy back because BNK will not give you chance to buy back as it will go up 25% to 30% in a single day. Look what happened to VRO. Please ignore Stock House bashers and stay away from this site if possible.