$1.80: Bienvenido al apoyo final Translation: $1.80 - Welcome to the final support level (in the freefall phase)
This is the last place to find volume to sell into.
Before, I said everyday to sell above $2.00 is a great day. Soon that will be Everday to sell above $1.80 is a great day.
Then it is the algos that take over to exact maximum pain on retail.
Will Cabbie and friends step in to save the day? At $1.80 the yield is still well below 1 year 3.8% GICs available.