TSX:INO.UN - Post by User
Comment by
BlueJay2020on Sep 01, 2022 4:29pm
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Post# 34936538
RE:Could test the $3's
RE:Could test the $3's I think it is entirely possible, and infact it could be over halfway there by the end of tomorrow. It's unfortunate that the divi cut has come amid so much volatility in the market. Very recently, someone was basically saying on here that there was no risk buying at just over $5. Anyone taking their advice could already be down 15-20 per cent by 4 tomorrow.
it just goes to show that hold but don't add was exactly the right approach. A double digit yield is required for shareholders to be paid enough to wait. I will not be re-opening a position until that arrives.
flamingogold wrote: Market continues to bleed but the decline today was nothing significant to warrent today's 5% drop. This leads me to believe there is a strong chance, with volatility, this could dip into the $3's. Keeping some low lying bids open just in case.