RE:Did you guys hear that bell ringing??You see Quacks? I am not always bearish on FCU. I am sometimes bullish on FCU as I was when I wrote that post on Dec 1 2015, within a few cents of the lows. I was right on every point in that post except the Fed raising rates. FCU rallied 50%, commodities rallied, the US dollar peaked. And then I turned bearish on this stock. Now contrast that to yourself, you are ALWAYS bullish, why is that? You have been very bullish even when it was clear you should have been very bearish. Anyone who followed your advice has done very poorly. What bothers me is why you pounce on any negative comments and your aggressive behaviour towards negative posts/posters discourages proper two way dialogue. You and your other alias Rover bury any negative posts as fast as possible, it doesn't matter if it is from a credible source or not. You no doubt had a hand in banning a number of negative posters on here, why would you do that? Very arrogant and controlling. You have an agenda to promote and pump FCU so people need to take everything you post with a large pinch of salt. Now as far as FCU goes I think it is to late to sell now and too early to buy. I think it is possible that during this tax loss selling season it will be worth looking at again. We will know by then if FCU has reduced discretionary spending in a meaningful way as they have said they would.
CanadianBuck wrote:
Yup, the bottom is in and that was the bell telling you so. The point of maximum pessimism has been reached. The news seems all bad, at least the bad news is all that's talked about. Half the people on here have sold their stock and have no intention of repurchasing. The sellers are all patting themselves on the back about how clever they are. The bear case is easy to articulate, even the half wits can list all the reasons not to own this stock. But consider these points. PLS is a huge resource and growing.. No long term debt. Commodities are massively oversold. The US Dollar is extremely over bought. Fed about to raise interest rates, and consider that the first rate hike in the past five cycles saw the US Dollar peak! Tax loss selling almost done. ARB unwind likely almost done. Volume is picking up and today's action has to be considered positive (so far). All this likely adds up to near term rebound in commodity stocks and commodities, a strong January effect, a declining US Dollar and FCU rallying 40-50% over the first 3 months of 2016. So yes maybe that was the bell ringing today telling us the bottom is in. I bought stock today. JMO