RE: RE: Thanks Mahar 1 forSome technicals for the last 30 days, Bombardier has generally out performed the TSX and based on technicals I would say it is over sold. Bombardier hasnt reported anything that I feel would justify the heavy sell off, but others in the same industry have reported some major reductions in production which would contribute to the drop as Bombardier is feeling what they are to some degree.
For a long term position this is a good entry point, although there probably will be quite a bit of short term volatility while we weather this economic problem imo.
