RE: Will we see $3.00 by XMAS?It makes me laugh when people start talking like this - look at the history of the TSX.. or even just the past 3 months; whenever we get oversold like this - with 3-4 major red days in a row, it is immediately followed by a strong bounce back. The fundamentals have not changed, nor has the value of Nat. gas. It does however, suck to see your money drop in the short term - if we see $2 on QEC then consider it an opportunity to load the boat. Be patient.
Elections are coming - historically this has always boosted the markets. Jump in while you can. No one should be selling on days like this - How come no one sells when the TSX runs up 1000 pts in a week? Everyone is delusional, thinking in terms of greed; let's be realistic. I believe we still see a bounce back this week, if not tomorrow.
C