TSX:CUS.DB.D - Post by User
Post by
uogradon Mar 13, 2014 10:05am
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Post# 22317568
Catching a falling knife is dangerous business
Catching a falling knife is dangerous business
For sure noone knows where the bottom is here and we once again hit a new probably all time low a minute or so ago but the volume has come down so we are probably getting close. I jumped in a couple of times this morning and will take my chances. I think it was a good decision to fire the president. He is responsible for this mess so and should be fired for cause. However, "smart money" bought as much of this as it could two week ago at 5.60 so we are getting nearly a 18-20 discount from what they paid so I think most of the damage has been done. Aston Hills said this was one of their top 5 holdings so they have been crushed here so it will be interesting what they have to say on the call tomorrow. I expect dividend to stay where it is and in due course we should rise again but you never know where the bottom is when the market gets this mad.