GREY:CXSNF - Post by User
Comment by
privateoneon Dec 19, 2016 1:28pm
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Post# 25620196
RE:RE:new branches
RE:RE:new branches People jumped in based on the long anticipated news, some fell into the afraid to miss out herd while others took profit.
The SP jumped based on news not fundamentals.
The SP will climb over time in a healthy manner once fundamentals are established. The fundamentals won't be established until deposits start flowing in and non insured mortgage money flows out.
Shareholders will need to be patient and use the dips to accumulate more.
If the SP going from $1.70 to $2.00 and back to $1.80 scares you, then a GIC could be a better option.
Pity the poor person who bought at $2.44 on opening the other day.