TSX:IBG.DB.E - Post by User
Post by
caillenon Aug 21, 2014 8:11am
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Post# 22863686
4 to 6 week correction and $1.60 to $1.80 is my target.
4 to 6 week correction and $1.60 to $1.80 is my target.That's when you will see the selling stop and the buying begin again. Anything over $2.00 is stupid money based on valuations and fundamentals. Again, $.04 earnings pegs this at $.16 for the year and that values it at $1.60 at best given negative $40M in equity. Next support after $2.52 is $1.79 and that's a big drop. $2.52 won't hold today putting $1.79 in sight. Fundamentals. Know what they are...it's always based on earnings, debt and charts...in that order.
Again, putting my mouth where my money lies. We'll see.