TSX:EIT.PR.A - Post by User
Comment by
deisman03on Dec 29, 2022 2:48am
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Post# 35194757
RE:WOW 9.1% yeild
RE:WOW 9.1% yeildIt's going to get cheaper than this, NAV is rearward looking.
Things are a changing over the whole world right now.
We're in the midst of a financial hurricane and way to many folks are fighting the Feds.
I also notice that a lot of the ''talking head advisors" on different financial sites and channels are promoting stocks that they're likely unloading out of their own or their Fund positions. Yes, this is unethical but it isn't illegal until it's proven to be duplicitous.
When they all chant "Over the LONG RUN" stocks trading at over 20X earnings, all the way up to 50+X earnings are not great buys and I can't see why they would make claims that this is a good entry point, other than they're unloading their positions or selling off the stock for the corporation that put them onto the market.
It's unethical and bordering on illegal as well as manipulating markets that are weak already.
CASH IS KING RIGHT NOW.
EIT is a great stock and will go down in price over the next six months or longer. BE PATIENT and the profits will be much better than expected.
Jumping in to soon is a mistake at this point IMHO
We're headed for a nasty market correction and a recession that many talking heads are denying. When the FED Chairman and his counterparts all over the world say they're going to deflate the present economy, they're going to do it.
I've seen similar situations before. They're all the same with different catalysts.
When you can't make sense of what's happening, walk away and wait for it to run it's course
GLTA the good folks here.