RE:We have gone far enoughgobomber wrote: Last time I bought my whole position I paid an average of $1.15. Shortly thereafter the SP came down to about $1.00 and I was still reasonably happy. It then broke the $1.00 level and dropped all the way down to $0.72 before bouncing back to above $1.30 following the AC order.
I am not going through this roller coaster again. If it goes red tomorrow, I am selling my whole position. Losing 22 cents in two days is more than enough to convince me that this stock is about to repeat the same cycle we went through a month or so ago.
Sorry for the longs but I need to take action to protect my investment. If it goes way down, I might buy back. But for now, I lost enough money with this stock.
I hope I am wrong and that the SP will bounce back tomorrow. However I doubt it very much considering that I do not see anything posive between now and 22 March 2016 when the Federal Governement will be announcing their plan regarding Bombardier.
However, I expect that they will invest $1Billion as requested by Province of Quebec. If they were to decide not to invest, they would probably announce it now as there would be no reason to way for the new budget to be published to make the announcement.
This is what I see in my crystal ball. If your is much clearer, please let me know what you see.
Hey GoBomber, thought you had had enough of this one buy now.... The crystal ball here is sure a bit fuzzy. I have to admit i sold off my position the morning i noticed the profit taking. I tried not to but in hind sight i made the right call.
Things are very volitile right now, without changes to the board as i expected, im afraid that this will be strictly a profit margin play. I dont want to call it long as stocks that are worth being long in dont drop 10-15% repeatadly for multiple days.
After all, all im hearing about is the loss of high paid jobs. Not the loss of investors shirts at the price of these said jobs. So for me, at least for now. I agree with you. A little patience is in order for reaquiring.
Since GapDown is back. I know she is gonna drop. But still his videos are funny.