The Bank of Nova Scotia................. commented on Q3 calling them solid, maintaining their $50/sh target, maintaining thier sector outperform status but chanking their risk profile from high to medium (a vey positive sign). And yet, all their was yesterday was selling pressure.
Having said that, will we our usual morning this morning. Selling pressure right at the open, drop the share price by 25 to 40 or more cents, make a comeback to even or a couple of pennies up only to be driven down again as soon as the green is showing. That's been the story of the share price for a while now. Apparently great results and great forwad guidance couldn't change the routine yesterday.
Can others share what their trading houses are saying?
Good luck to my fellow longs.