RE:Something FishyI do not think there is anything fishy or wrong with was is going on with this stock. It is simply going back to the level it was last December before Bellemare announced that Bombardier was going to have a much better year in 2017.
That announcement fom Bellemare was certainly a positive news and normally should have helped supporting the SP just above$2.00. But, in no way such an announcement alone justified the SP going up to $2.75 in a matter of a month without a major sale to support it.
I am happy I sold all of my position at $2.50 and I wish I would have done it earlier. Honestly, I did not expect the SP to slip down that quickly. I am ready to buy back all of my position and more with the profit I generated. The SP fluctuated for months just below $2.00, last Fall, establishing a solid floor. I suspect it will go down to that level before it stops sliding down. I have my pockets full of money, just waiting for the SP to stabalize before I do my move.
I am not long anymore with Bombardier as the SP is very unstable. However, this offers a golden opportunity for people like who buy low and sell high.
Good luck to all.