RE:RE:RE:I wonder if there is a bottom above zero with this stock. Ratsnake is right. Recession is here. However no one could have predicted corona virus would have come to trigger it. All stocks getting cut down. Very serious virus when whole countries shut down. No economy growing for awhile now.
I agree if have long term focus would sit tight. However for my active account been buying SCO which is 2timea Bloomberg oil short. Two factors at play that I don't see reversing any time soon. Price of oil keeps going down. No demand. 60 percent of oil used for transport and nothing moving all over world. Suadi and russia price war. Today Russia aid they can withstand a 10 year price war. Also can dollar headed to new low taking out its previous low of 62 cents. Still an oil dependent economy and no one in Canada makes money at this price point.
No point trying to time bottom on stocks like Corus. The SARS event in 2003 and 2004 had four month bottoming process. This one will be longer. Markets can't start moving up until it appears virus cases have peaked. Hence stay short. SCO is my favourite.