BBD how far up?
Read the small debate between optimistics (20.00$) and the long holders who've been very patient to hold on to BBD for so long without any rewards, specialy when the market is up 10%/year since 2001. Obviously, I understand the frustration.
Have you realize that:
- Before March a bad news on BBD was pushing the SP down 10% and a good news down 15%. Now bad news has no effect on it and good news push it up for a change.
- we are in the mids of a recession, most non ressource compagnies shares price are going down, except BBD? The wind is changing direction for BBD. Yes, I agree it's about time. But how will it be once out of recession scope?
- Oil price increase and concerns about climate change are issues that helps BBD (planes and train) and they are not going away anytime soon.
So I'm optimistic about BBD, but no where close to 20.00$ by dec 2008. Will see 20$ only beginning of january 2009 lol.
It's good to see what people think on each side. It help me and newbees make better decisions and it profit to all of us.
Good luck everyone!